Archive for the ‘small business’ Category

Nepotism Gone Bad

A friend of mine started a very successful business as the exclusive distributor of a special baking ingredient from Europe that he sold to bakeries and manufacturers of snack foods.

He was able to buy a beautiful house and send his kids to private school. However, his business was a sneeze away from going bankrupt. He hired too many brothers, sisters and friends, and put them in key positions. There was no accountability.  Read more... (527 words, 1 image, estimated 2:06 mins reading time)