One major milestone of running a business is reaching a point where the business can continue to operate smoothly even when you are not there. Though this is typically said in reference to delegating tasks and having clear, thought-out policies and procedures, the truth is it goes way beyond that.
The Frugal Family Business Guide: Tips & Resources for Family Owned Companies
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 ... Read more...