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Personal and family considerations : where do you want to be?

Description

Before you evaluate and select a new enterprise you need to assess the business management skills and personal qualities of the family members. The family’s needs and lifestyle preferences also... More ≫

Description

Before you evaluate and select a new enterprise you need to assess the business management skills and personal qualities of the family members. The family’s needs and lifestyle preferences also should be explored before a new enterprise is chosen. Identifying differences of perception or opinion in the beginning can prevent conflicts later. All family members should be included in the early discussions, not just those who will have a management or labour role. Once the manager’s skills and the family’s needs and preferences are identified, a list of goals and objectives for an enterprise should be completed. This list will identify which enterprise ideas fit the desires and needs of family members.

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