A Family business Essay Example | Topics and Well Written Essays - 1000 words

A Family business - Essay Example urse, I plan to become an entrepreneur with the best possible amount I can invest in a Middle Eastern style restaurant with the help of my family members. I am imbued with the ‘push factor’ (Preston, Fryer & Watson, 2006) that is the involvement of my own people will encourage me during my hardships and with their joint effort; I will prove my potential business skills. Having clearly studied all the possibilities and constraints of the business, I am rather determined to set up the restaurant named â€Å"GulfGate† after due consultation with experienced people from my relatives and well-wishers. A positive side of the restaurant is the balanced nature of ‘pay for quality’; the equation to be practiced during the operation for best result of business. The choice of this stream was supported with the expectation of increased number of customers from countries like India, China, Singapore and Malaysia. Since the location of the business is expected to be in the suburbs of Dubai, it is easy to gather a huge number of customers very easily. Quality food is the major concern I emphasize for the regular update of the restaurant for which I have plans to post people at different parts of the city for distinguished purchase. A greater part of my burden to find a cook is eased with the inclusion of my cousin, who is an experienced graduate in food design and hotel management. Since this is a family unit, less implication of mistrust can be witnessed. Depending on the religious aspects, our family stands better in the society; therefore, we can claim easy access with people and their support. This is a business intended to service and trade, therefore, expert opinions from elders would also support us in the long run. As Preston, Fryer & Watson (2006) state, Small business has other advantages like the better knowledge about the local business environment and can sub-contract the projects of big businesses. However, I don’t deny the possibilities of disparities