If you want to succeed, please do not choose to work for a family business!

1. Don’t delude yourself into thinking the company will continue to grow

Most of Taiwan’s small and medium-sized enterprises are actually family businesses, because first-generation business owners generally hope to pass their companies down to the next generation. As a result, they often appoint family members under the principle of “promoting relatives without avoiding nepotism.” However, because of the system of “choosing relatives rather than talent,” the development of family businesses is also limited. After all, not every family member has the ability to manage and run a business.

For a company to develop into a listed or OTC company, in addition to relying on the strength of its R&D team and products, whether it has a professional manager at the helm is also a very important factor.

Therefore, if you choose to work for a family business, you must first recognize this fact:

A family business can, at most, maintain its current state of development.

If you hope the company can grow in the future into a listed company like TSMC or Foxconn, Youli reasonably suggests that you change jobs directly—it will be faster.

2. Don’t delude yourself into thinking you can become a senior executive

As mentioned earlier, the defining characteristic of a family business is “promoting relatives without avoiding nepotism.” Therefore, when selecting managers internally, the company will always prioritize its own people. After all, the business is ultimately to be handed over to the second generation, so senior management positions will certainly be selected from among the second-generation members. Unless you have an excellent relationship with senior management and are deeply favored and trusted by the insiders’ faction, you may have a chance to rise to a higher position. But don’t celebrate too soon, because if the future successor takes a dislike to you, you may still be replaced. If you have ambitions for a senior management position, please do not choose a family business, because countless insiders will always stand in the way of your promotion. Moreover, these insiders are not necessarily more capable than you, yet they can become your superiors and direct your work. All the effort you have put in may ultimately come to nothing.

https://vocus.cc/article/5dd22dbefd897800015e56cb

Go work for a traditional family-owned manufacturing company! Top-university graduate earns NT$30,000 a month and is squeezed dry, exposing the miserable reality: “I really want to quit.”

https://udn.com/news/story/7269/7122881