Haypril
Active member
When setting up any form of business, be it long term or short term investment (business), there are certain things to put in place and certain factors to consider before executing a business plan.
To briefly explain what business plan is, Business plan is a written document to guide every investors on the purpose of the business, how to invest, when to invest, things to avoid, competition, the location of the business and so on. Business plan contains information that has to do with the business.
However, setting up a business with relatives or family member can be very demanding and most times such business ends up been divided among the partners or the sales of the assets.
Questions for discussion;
1. What do you think about the partnership of two family members to set up a business?
2. Have you had a bitter experience with relatives based on partnership?
To briefly explain what business plan is, Business plan is a written document to guide every investors on the purpose of the business, how to invest, when to invest, things to avoid, competition, the location of the business and so on. Business plan contains information that has to do with the business.
However, setting up a business with relatives or family member can be very demanding and most times such business ends up been divided among the partners or the sales of the assets.
Questions for discussion;
1. What do you think about the partnership of two family members to set up a business?
2. Have you had a bitter experience with relatives based on partnership?