Family and friends add a personal touch to business relationships. When you work with family and friends you are more likely to get the best out of them. As the saying goes, “you can’t
you don‘t make it worth their while.” If you have a family member or friend who is hardworking and responsible, then leverage them to your advantage.
Watch the full episode of Why working with family and friends is a good idea? Online Digital Entrepreneurs and Business Owners
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Why working with family and friends is a good idea?
- You can avoid potential conflicts and disagreements that may arise in the business environment when you work with people you trust.
If you work in a business setting with family or friends, it is important that you keep a professional attitude. This means not talking about things that could be seen as issues in the company or just ignoring issues that may occur in the company. It is also important for you to know when to tell your family or friends about your business and when not to. Keep your personal and business issues separate because if you start to mix your issues with your friends or family, you are going to have a conflict.
- You attract a lot of people especially family and friends in the beginning
whenever you start a business.
Attracting people to join the business is a natural attraction principle. You are enjoying the benefits of the business; therefore, people around you and your family and friends want the same. Also, you are the one who is doing this work and making an income; it is understandable that they want to enjoy the same benefits you are enjoying.
- You work with people you trust because it’s important to have faith in those you delegate important aspects of your business to.
Working with people you trust provides some peace of mind. Especially when you have something big on the line like a big project, or a big client. You might be able to drive the job alone, but there is always a risk of something going wrong. It is better to have someone you can trust with your back!
These people are good at what they do. It’s just like a doctor doing his best with his examinations and diagnosis. It doesn’t matter if his family member is the patient. He is still going to do his work well. When it comes to business, you want to make sure that you are getting the best possible out of those involved. That is why you want to get it done with the people you trust right the first time.
- Family members are far more likely to stick around and continue working for your business because they realize that if they were to leave, they would not only be giving up the business opportunity, but also the familial relationship.
This is a common problem and needs tactful handling. The tendency is to hire someone who is not part of the family or a close friend. This fails every single time. If you work with someone that you do not know, there is a high probability that the person will quit after six months or even before. If you work with someone that you do know, then it will be a lot easier to make a transition from friends to business partners. If the person is well-liked and enjoys doing what he does, he will be a fantastic addition to the team.
Supportive family and friends are ready to take the risk of joining you on your journey. You need to create a groundswell around the success of your venture with enthusiasts who will be more than happy to join you. That’s when family and friends will start coming to join you.