Based on what I have seen in “Tommy Boy” I have noticed many advantages to being a child in a family owned business. One example is that you get accepted into the business at a pretty high spot. In “TB” (“Tommy Boy”) this is shown when he gets a corner office straight out of college. Another advantage to being a kid in a family owned business is that you don’t have to build up the company. In “TB” when Tommy comes back from school we can see that his father has built a fairly successful business with lots of products to be sold and money coming in. When Tommy walks in the floor we see all the employees saying hi to him. This shows an advantage that you probably already have exposer in the business and you may not be having people resenting your leadership like you …show more content…
These may include that you inherit family problems. In “TB” this is shown when his father dies and he realizes that without his father there really isn’t any customers to sell to. Staying on the topic of family death sometimes when your family member dies it may also spell the death of your business. The example from “TB” is when the father dies and there only option seems to be to sell the business because they lost deals with the father. In another turn of events a disadvantage could also be that you can inherit your family’s problems such as in “TB” when Tommy and the company realize that they still need to get money for the brake pads. As with all types of business family owned has many disadvantages to go along with its advantages and you must be able to weigh these