Write short answer about How important is it for you to consider how a family business uses debt to finance growth before you accept a job offer from (assuming you have access to their financial statements and can find this information)? Why?
Before I accept the offer, my utmost priority will be to consider how a family business uses debt to finance growth.
- Control: the funding which the business receives from the outside parties decides the level of power in the internal matters of the company. It will somehow affect my working and remuneration.
- Security: the control of outside parties will play an essential role as the debt analysis would decide whether the job of the employee is secured or not.
- Liquidity: the external party control over the family business will also choose the cash for the members of the family. It will also have a significant impact on the other employees in the long run.
- Compulsion: the debt expense is a compulsion for the business. To fill the debt requirements, the industry might also try to cut the employee’s cost to follow the debt requirements.