The idea of starting a business with family and friends can be enticing. However, partnerships can be risky, more so when personal relationships are at stake. Learn the downsides of starting a business with family and friends.
At the onset, entrepreneurs dream of the freedom that being their own boss will give them.But somewhere along the way, the entrepreneur may feel tied down to the business, unable to get away. A marginal business further exasperates the matter. This was not their dream, this is prison.
Working from my virtual office at home and catering to the needs of my children is often like walking the fine line of a tightrope. One wrong step, and the balancing act comes to an abrupt end.
Whether you are a solo home-based entrepreneur, work at home mom, freelancer or a small business owner, you can expect to wear many hats. With so many tasks to do, the challenge is to be aware when you are working ON your business – not IN your business.
Starting a business, in some instances, can be bad for families and relationships. When a family member (say a husband) starts a business, the whole family can be affected — and not always for the better. Here are some risks starting a business can bring to families and marriages:
Here are some ideas on how you can be sure you’re presenting a top-notch, professional image by replacing inadequate consumer technologies with affordable tools designed specifically for those working in small or home offices.
How will your business be affected if something more serious happen to you? Here are some ideas to consider in the event that you are unable to continue working on your business.
When starting a home-based business, it is important to check the zoning regulations and make sure that your business is compliant with government regulations.