When things go bad family members become abusive with one another. Professional courtesy is not given girlfriend, girlfriend, son or daughter. The yelling and screaming does not help solve the problem. So professionals have to be brought in to correct the mistakes. This is fine, but they bill allot. These bills cause more stress and the cycle continues.
Professionals know how to deliver results. Family members may not have the knowledge to grow the business or solve critical issues that are preventing success and growth.Close family relationships can cause business failure when an unskilled leader makes decisions that are not in the best interest of the organization.
Act in the best interest of your company and hire the best talent you can afford. In return, your business will get the skills, talent, expertise and advice it needs to grow.
It is not worth the stress and aggravation hiring a family member to do your books. They lack training and key degrees in accounting to do a proper job. The result is books that are incomplete, inadequate or incorrect. Either way business decisions that relate to growth and profitability are likely to be incorrect because they are based on data that is not complete.
