Establishing a family business and passing it to your children can be vastly rewarding. A family business is a commercial enterprise involving family members. But the thing is, family businesses sometimes show ownership and management challenges.
Family Businesses
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Is Your Family Business Properly Insured?
~by Donya Zimmerman~ To protect your family business, you'll need to do more than a business plan or incorporate the business. You'll also want to have the right insurance for the business. It can protect your business from possible disasters: Natural disasters like...
Steps to Incorporate a Family Business
~by Donya Zimmerman~ The most valuable step to starting a family business is to ensure protection from lawsuits and loss of personal assets. So you’ll want to incorporate your business. Here are some steps and considerations when incorporating a small business with...
How to Properly Incorporate a Family Business
~by Donya Zimmerman~ When starting a family business, you’ll need to determine the best way to incorporate it so you can protect your assets. By incorporating the family business with the proper governmental agency, you’ll ensure that the business is protected, and...
The Basics of Starting a Family Business
~by Donya Zimmerman~ Starting a small family business can be a daunting task. At times, being around family members can be very difficult and stressful. Going into business with family members means that not only will you see them at home, but you will spend a lot of...
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Recent Posts
How to Make Sure Your Business Event is a Positive Experience
There are few better ways to make connections while having a good time than by hosting an event for your business. Of course, the networking and trust-building benefits of such an event hinge on planning it well. When organizing a business event, it is imperative to...
Why Your Business Should Be Involved With the Local Community
Why your business should be involved with the local community
The local community is the primary customer base for most businesses unless they operate solely online. Therefore, businesses should get involved with their local community in order to forge a strong presence & distinguish themselves from their competitors. You can achieve this in several ways, primarily by sponsoring local events, such as sports competitions, charities, etc. By connecting with your local community, you can raise brand awareness, gain genuine feedback & insights about your products as well as understand your customers better. Consequently, you can address their pain points, create better products, align your values with your customers’ and thus, strengthen your relationship. Furthermore, by supporting local events, you can attract top talent and show your dedication by hiring locals, creating jobs, and giving back to the community. Naturally, you can create a positive image for your business leading to boosts in sales & revenue.
What to Do When You Plan to Take Your Company Public
Going public is a huge milestone for any company, and it requires a great deal of planning and preparation. Taking your company public can have numerous benefits such as increased liquidity, brand visibility, and access to more capital. From reviewing your finances to...
Manufacturing Tips Businesses Should Follow
To be a victorious business, it takes more than having an outstanding product. Knowing the significance of manufacturing and how it impacts their financials is integral for any organization that wishes to thrive in today's marketplace. To keep up with the competition,...
Tools That Keep Your Workplace Organized
When the workplace is disorganized, then chaos reigns supreme! A well-organized workplace is crucial for maintaining a productive and safe working environment. With the use of various tools and technologies, workplaces can keep everything organized, from employees to...
Technologies Your Business Needs for Future Growth
Companies that are serious about advancing and expanding their operations must prioritize investing in technology such as Cloud Computing, Artificial Intelligence (AI), and Customer Relationship Management (CRM) software. These essential technologies can give...