Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Friends and family can ruin your business
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Stena, post: 220187, member: 67486"] Let's have the understanding that business is business. Fine, not all family members or friends have that tendency to ruin your business, but the possibility is there for a higher percentage. It is important to let family members and friends know that their interference in your business is limited. Once you make this clear to them, they know where to draw the line. I would not encourage the interference of family members and friends in my business except they are experienced or skilled in the field. Employing them would mean strict adherence to my business ethics or sack in a case of default. I have seen a business partnered my two siblings fail because of quest for dominance and disrespect. Organizations that practice nepotism and favoritism do so to their own peril. Family members or friends would likely feel entitled and familiarity is sure to breed disrespect, eventually the job is left undone. A family member may visit your shop and purchase your product at a lower price, some who feel entitled would not even pay. Over time, that business will suffer as the owner may run into debts and inability to keep the business running. Business owners should learn how to say 'no'. It does not tell bad of them, it only shows how serious you take your business. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Friends and family can ruin your business
Top