Life comes with its ups and downs. But what do you do when the downs keep heading towards you in unmanageable waves? It’s not just a matter of sink or swim. How you choose to stay afloat can make all the difference in the long-run.
The legal requirements involved in launching a business can seem overwhelming. Even so, it’s a necessary evil to not only become familiar with, but also understand all that is legally required to open a business. Depending upon the business you plan to open, many are required to not only hold a license, but also obtain bonding.
Whether you’re considering strategy or vision, expectations or needs, short-term or over the long-run, the success of almost any business startup is in the planning. With a family-run business, the planning process is even more vital. You need to build a sturdy bridge over any troubled waters.
Running a family business has a certain allure. Get it right, and you’ll capitalize on a wellspring of passion, cohesion, familiarity, and resilience. But without enough care and planning, the business can quickly degenerate into a sticky, dysfunctional mess. These tips and resources can help you get it right. To an outsider, seeing that a business has been “family owned and operated since 1950,” gives an impression of permanence, sound management, employee commitment and loyalty- solid values in a world that seems to be constantly in a state of flux and fleetingness. To those on the inside, a family-owned business can be a frugal and potentially lucrative business arrangement that takes advantage of a known pool of experience, skills, and … read more…