Along with the exciting parts of running a small business come a few headaches. One that might be particularly painful is your business accounting. Keeping the books for a business is like balancing your checkbook with ten times the frustration and about a hundred times the need for accuracy.
While substance abuse among full and part time workers continues to rise, the majority of small business owners do not have a substance-abuse policy in place. Many do not realize that the potential costs of not having such a policy can easily bring a small business to its knees.
Starting and running a business successfully often depends on accessing the right information and tools at the right time and knowing how use it all. Get your business started on the right foot with these resources for guidance, statistics, and other information specific to family-owned businesses.
Deciding to start up a family owned business means you will also be in the “business” of maintaining relationships. If you ignore this role, then your family relationships could quickly become family rivalries, and as these connections disintegrate, so will your business.