5/29/2019
6 Tips for Starting a Family Business | Hans Kohlsdorf | Advisory Boards
a 6 Tips for Starting a Family Business by Hans Kohlsdorf | May 19, 2019 | Advisory Board, Blog, Business, Hans Kohlsdorf, Technology
A lot of businesses start out as family businesses or as an individual’s business that incorporates the second generation becoming then a family business. There are many benefits from running a business with family, but it can be challenging as well. If you want to start and run a successful family business, there are certain issues to watch out for. Follow these tips to ensure your business gets off to the best start and that you work incredibly well with family members involved in the company. Make sure you’re on the same page Before you even think of launching your business, you need to ensure that everyone involved from the family is on the same page. Whether related or not, many people go into starting a business with their own idea of what it will be like, so it’s important to talk through these ideas and have the same vision for the business. During this time, create a business plan together so you can go over various points of the business. Identify strengths and weaknesses
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