Starting A Business – Who Is Running The Show?

Who will be working in the business is an important consideration that many people don’t think about before things start to get busy.

If you can run the business well and good but if you need help you have to figure out the estimated cost of employing others into your business. How will you structure the pay? How will you make sure that you have help when you most need it?

Can family members help until you have started to make money from your enterprise? If you need childcare, can family members help so that your outgoings are minimised at least until you are earning an income?

It’s important that you have people who are aligned with your business. Make sure that anyone you employ or who is working with you sees the same value in your product/service as you do. You don’t want someone who doesn’t like children working for you if you are making children’s clothes, or you don’t want to have someone who is stuffy and formal if you are producing an alternative health spa.

If you are using family in the business – make sure that the lines are clear of what is work? What is payment? A and what will happen in the event the business takes off into stratospheric success. Don’t risk family or friendships by being unclear about the business.

You might think you know how it’s going to work but if you are working with others they have a right to be considered a part of the business also – especially if they are not working for market rates.

And also, if it’s family and a family event comes up – who is going to be free to go? Who will be expected to help whom when?

If you are running the business with a partner – spouse or friend, make sure you are clear on purpose and the way the business will be run. Does one of you want to build the business while the other wants to reap the profits? If you are not united your business will not survive.