In many nations, house members often participate in their family business. Although, ancestral businesses are usually well- established, I believe that this has more drawbacks because it will limit adolscents enterpreneur potentials.
The main reason people stuck with their family business is that over the period of time, they are emotionally attached with it as they engaged in this work since childhood and they failed to compete outside world due to lack of skills. Individuals are become part of stereotype routine, they have to carry same tradition and unable to introduce new ideas to grow their business. They seek elders permission to do so. For example, in many asian countries, people run their fmily shops for many decades without any modifications. However, I believe that this approach not only hampers youngsters creativity but it also hinders their progress.
Thesedays, young people strive for innovation, unlike in the past they have more access to the technology. In this artificial intelligence era, it far more easy to start your own business. For instance, in the United states of America, lots of high school graduates strive to start new set up and local administartion do support them. I am in the opinion that, to participate in the family busineess has way to negative implications.
In Conclusion, although lots of nation have common practice that all siblings work together to continue their existing shop for years. New generation must break this custom to follow their dreams. Fot these reasons, the negatives far outnumber the positives.