How can children be prepared to enter the family-owned business?

Question

Quizplus · Accepted Answer

It is important for children to gain experience outside of the family business in order to learn different perspectives and skills that can be applied to the family business. This can help them avoid the perception of nepotism and gain credibility among employees and customers. Once they have gained experience and skills, they can then be gradually integrated into the family business at an appropriate level.

How Can Children Be Prepared to Enter the Family-Owned Business