Ending a business is usually the last thing a business owner wants to think about. However, succession planning should be a top priority of business planning. This is because it is important to think how you are going to build the value of your company. How you plan to end your company may be a necessary part of how you plan to start your company. Are you building something to … [Read more...]
10 Great Business Ideas for Couples
Do you love your spouse? Why not start a business together? Because of the growing trend for families to have both parents working, it is worth considering great business ideas for couples. Consider these 10 business ideas if you want to start a business with your spouse: 1. Coaching for New Couples Given that the first few years of marriage can be very challenging, … [Read more...]
Working With Relatives: It’s Tricky Business
Guest Post by Carol Frome (learn more about Carol at the end of this post) Working with relatives has its appeal, especially for startups that may not have a lot of cash flow. No one other than a family member is more likely to work for future profits, rather than for immediate pay. But employing family members is a strategy that is also fraught with hazard. For example, in … [Read more...]