Tuesday, November 17, 2009

Gli affari di famiglia

The family business.

If you were a business owner, wouldn't you feel more comfortable hiring someone who came with a reputation, a referral or was related to you? After all, you can't just trust any person to do the job...

What is a family owned business? According to Entrepreneur, a family owned business is, "...actively owned and/or managed by more than one member of the same family." What percentage of businesses are family owned? I was unable to find a current, reputable source but I've seen figures upwards of 80%. And, just to let you know, the top 5 largest family owned businesses are 1) Wal-mart 2) Ford Motor Company 3) Cargill, Inc. 4) American International Group and 5) Koch Industries.
[Source: Institute for Family Owned Businesses]

People tell me this all the time about finding a job: "If you can just get your foot in the door then you'll be set." While that advice is not particularly helpful at times I do think it is true. There are plenty of people working jobs that have nothing to do with their formal education.

So, let me reiterate: Your connections (who you know, not what you know) can be more important than your education.

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