Partners can strengthen a business and hasten its growth by combining their talents. A partner can also be a liability to the business if he/she is not in agreement with its operation.
When the decision is made to involve family members, all partners must sit down together for setting goals and making the business plan.
These are some ways to get them off to a good start
-Let each partner identify his/her weakness and strength that he may bring into the business.
-Decide and agree on the roles that each partner will play in the business
-Decide and agree on the financial investment, how much each will invest monthly
-Let each partner declare how much time he/she can devote
Assign specific tasks based on experience or passion for it. For example, one may be good at bidding, the other may be good at playing the games. One may be good at advertising, while one may be better at sales.
If a family member partner is better with face to face promotion let him/her take this role. Combining talents can give the family business a leading edge.
Hope this helps!
It is not necessary, but it would help if each member had his/her own computer.
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Partners can strengthen a business and hasten its growth by combining their talents. A partner can also be a liability to the business if he/she is not in agreement with its operation.
When the decision is made to involve family members, all partners must sit down together for setting goals and making the business plan.
These are some ways to get them off to a good start
-Let each partner identify his/her weakness and strength that he may bring into the
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