- June 24, 2021
- Posted by: Stratford Team
- Category: Business
Some of the best businesses around the world are owned and operated by families. These big-name companies often started out as small ventures, and they prove that working with relatives or friends can be enormously successful if you approach the opportunity the right way. If you are considering starting your own company with people you love, evaluate these points to see if moving forward will serve everyone well.
First, starting a business with friends or family will change your relationship with them. During working hours, you will need to interact with each other a little more formally than you would if you were just hanging at home, especially if you’re co-helming a team of employees. Communication between leadership members is key for any budding business. If your new business partner is your brother for example, over communication is key to ensure all aspects of the company are being managed properly. Clearly define your job titles…
