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The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.
  • Standard Group Plc HQ Office,
  • The Standard Group Center,Mombasa Road.
  • P.O Box 30080-00100,Nairobi, Kenya.
  • Telephone number: 0203222111, 0719012111
  • Email: [email protected]
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Want to hire family, friends to your business? Be careful

Living
 The separation between business and friendship is one of any entrepreneur's biggest successes. [iStockphoto]

Many successful family businesses globally hit top levels under the stewardship of the sons and daughters of the founders.

Weaned on business, people like Mukesh Ambani of Reliance Industries, India, and the Mars, Walton and Koch brothers, all of who appear in the top 20 in The Forbes rich list, have inherited their businesses from their fathers.

And while it could be argued the founders would have had the same levels of success or even more, it is important to appreciate that sons and daughters, who might not be expected to share in the dreams of their fathers, are able to steer such businesses to greater heights even in instances where they do not achieve much.

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