Helping small businesses on the Sunshine Coast to fulfill their true potential
By BMN
Working with family members presents a unique set of challenges, but they are not insurmountable. Use these nine tips for creating a family work envirnoment where everyone gets along.
https://www.businessknowhow.com/manage/how-to-work-with-family.htm
This article was suggested by our mentor Trevor Payne
By BMN
It’s tempting to hire a friend or family member when you have an opening in your business. You’d be helping them out and would get to work with someone you already know well, so it’s win-win, right? Well, not usually. Here are three not-so-great things that often happen when you employ friends or relatives.
https://www.businessknowhow.com/manage/hiring-friends-family.htm
This article was suggested by our mentor Trevor Payne
By BMN
The Australian couple had set up their company, Shoes of Prey, in Sydney in 2009, three years after they had married in their early 20s.
http://www.bbc.com/news/business-36321205
This article was suggested by our mentor Julien Cahn
By BMN
Mixing family with business can be tricky, but there are certain frameworks that can be put in place to reduce tensions when disagreements arise
https://www.intheblack.com/articles/2017/08/01/mixing-family-business
This article was suggested by our mentor Julie Piper
By BMN
Borrowing from family or friends is increasingly common these days and with interest rates at historic lows, there are cashed-up individuals looking to lend to and/or take equity positions in businesses owned and managed by people they know and trust. But is borrowing from family or friends really a good idea? The following article describes some of the issues that can arise and how to deal with them: http://www.smartcompany.com.au/finance/is-it-wise-to-borrow-from-family-or-friends-for-your-business/
This article was suggested by our mentor Bob Joubert