One of the greatest obstacles faced by thousands of returning veterans who are transitioning back into civilian life is in finding long-lasting gainful employment, according to Kevin Humes, the President/CEO of American Veterans Alliance/American Alliance for Disabled Veterans (501 C-3) and co-founder...
Negotiation is something that home-based or other small business, business opportunity or franchise owners need to contend with, like it or not. Unfortunately, far too many of them think it is okay to just wing it. They don't take the time to refine their skills in this area. As a result, they are doing...
If you’re a mom (or even a dad) who is currently making the job of raising kids your full-time job and who is also wrestling with the idea of buying a business opportunity or franchise, the recent raging and politically charged debate about what constitutes a “working” mom may hit close to home. Personally,...
Mixing business with pleasure, they say, is never a good idea. But millions of home-based and other small business owners who run successful businesses with their spouses would disagree. Despite these success stories, the truth of the matter is that it just doesn't make sense for everybody.
So before you take the "co-preneurial" plunge and put any kind of money into something like a business opportunity, distributorship, licensee opportunity or even a small franchise, you need to give careful thought to the risk you’re taking both emotionally and financially.
If owning a business with your spouse is something you’re seriously considering, here are six key things you should be thinking about as you make your decision:
Do you share the same work ethic? Are you both on the same page when it comes to level of effort at work, or is one of you a true workhorse while the other is content to get things done eventually? If you’re not pretty well matched in this area, it could spell trouble.
Are you both able to communicate openly, even when either of you doesn’t like what you’re hearing? Keep in mind that if you’re not able to do this in your marriage and on a personal level already, owning a business together is only going to put more strain on an already complicated relationship.
Do you respect each other enough that you can accept input about business affairs from one another just as if it was being offered by any other colleague? Do you mutually respect one another such that you can act as co-decision makers when necessary, agreeing in advance what level of decision-making requires input from both of you and what does not?
Have you taken the time to really hash through the ground rules for owning and operating a business together, including such things as the following: how you will resolve heated disputes, if they arise; the roles each of you will play in day-to-day operations; any expectations you have for one another when it comes to performance; and your plans for keeping your professional and personal lives separate, including regular business meetings where personal stuff is off limits?
Do you have a written and well-crafted business plan that articulates your agreed-upon vision and overall goals for the company and that will serve as a roadmap to guide you in a unified fashion toward what it is you both hope to achieve?
Have you agreed to a contingency plan in writing should your jointly owned and operated business fail? How about if your spouse is not a joint owner, but gives up a lucrative career elsewhere to join you, only to have your best laid plans go awry? Then what happens?
If you don’t take the time to think carefully through these kinds of issues before you go into business with your significant other, you’re leaving far too much to chance and may be seriously jeopardizing your personal life in a way you could have never anticipated.
Looks like all a working mom wants for Mother’s Day this year is a little flexibility!? And let’s just preface this whole discussion with an important disclaimer: All Moms are working moms!
But for our purpose here, we’re talking about moms who have a job they do to earn money in addition to the incredible...
...and you will eligible to win more than $50,000 in cash and prizes!
BlackEnterprise.com has joined forces with worldwide technology and business solutions leader, Dell, to host a FREE...
The U.S. Small Business Administration’s (SBA) ongoing series of FREE computer security workshops for home-based and other small business, business opportunity and franchise owners starts today in Tulsa, Okla. Designed to help small businesses identify...
Before you submit your final return for 2012 by April 17th and given that you are a home-based or other small business, business opportunity or franchise owner, are you sure you have made the most of your potential tax breaks this year?
In his
Ed Lewellen is the Senior Vice President of Talent Acquisition for Employers Edge, Inc., a company that uses its own highly successful and proven business model to improve the performance of other companies―coaching,...
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View Our Video...Part on-line magazine, part community blog, and part destination site, CityStir is your best business opportunity for 21st Century economy!
Color Glo International is a restoration franchise focused on restoring and repairing damaged, dirty, faded or mismatched upholstery found in homes, offices, automobiles and commercial aircraft. Color Glo’s proprietary process uses specialty formulated, water-based, and environmentally friendly products for on-site re-conditioning of items in need of repair. Color Glo Franchise: Specialists in Color Restoration and Repair!
Color Glo provides a uniquely effective solution for repairing, cleaning, and restoring valuable fabrics and materials to achieve a like-new appearance. Our franchisees are trained to expertly handle leather, vinyl, velour, plastic, carpet and various types of fabric. In addition to material restoration, our franchisees offer a deodorizing service for our clients.
