The article I read this week was about family businesses in our receding economy. The article said that many family businesses have a great advantage over big business corporations in our struggling economy. The reason they have an advantage is because they have family members who can work at the business, so they don't need to hire as many workers and get themselves into debt when times are tough. Although I agree that it is a smart decision to have family members work at a family business rather than hire employees, I don't necessarily agree with the fact that the article was more or less saying that they weren't having tough times like rest of the businesses. I think that whether they admit it or not all of the businesses - small family businesses, or big corporations - are all going through a rough time right now, and are having to make sacrifices and cut corners in any way possible.
Citation:
Birnbaum, Jane. "Resilient in Hard Times: The Family Business." New York Times Company. 4 Feb 2009. 4 Feb 2009 <http://www.nytimes.com/2009/02/05/business/smallbusiness/05sbiz.html?_r=1&8dpc
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