The business issue must be knowing in any section of business when you fail to that trap a huge damage will be hit you, the law of making a business with family actully just a simple idea but when you manage a mess contorl it will create a disaster not only for your finance but your family conversation, that we need create a border a do and don't for the system of management business with family
Business must be done anywhere and with anyone where they should be able to provide benefits for us, the family of one source of inspiration in business and there are rules in fostering a working relationship with them
Many ways to build a business, including with relatives. There have been many examples of successful businesses are started from interpersonal relationships. Very nice if on such intimate friendships, and continued to have a business idea and run together and then finally into a large and successful. However, keep in mind sometimes business built with relatives was not always smooth when living it.
There are several things that differentiate the business relationship between relatives by others, emotional closeness make ordinances to do business with relatives is not the same as the other partner. Do not get emotional closeness because of factors that inhibit business run together. And vice versa, do not let the friendly relations that have long existed to be damaged due to a problem in the business.
To avoid this, you need to know both sides ethics of doing business with relatives in order to avoid the policy mistakes that harm relationships and your business.
Below are 5 business ethics with relatives, namely:
1. Selecting a business partner
At the beginning of starting a business, find the partner with whom you want to do business. Among the many relatives do you have certainly not all have the skills to run a business. Most just want to be "cheerleaders" in the back of your business so you should be able to distinguish relatives who actually have the ability with which not. What if you are really serious about wanting to do business, pick one that is not only clever but also has a strong mentality, want to try, loyal, and be able to maintain your trust.
2. Create a rule
Business contacts wherever requires rules, both written and unwritten, not least with relatives. Although the rules are not as strict as possible to establish cooperation with other business partners, but it still has an important influence. It is inevitable if it is easy to change human nature, in the future your relatives may do a number of violations that harm you. To prevent this, it is necessary that the agreement can regulate matters such as revenue sharing, the percentage of capital, property rights, business inventory, and others. Even if necessary, make a written agreement on the stamp so that the effect is stronger.
3. Conflict management
The most important point of the business relationship between relatives is how to do in case of conflict management. Often in the course of his business, owner or vision differ from each other. By the time that happens, avoid carrying a personal matter between the personal into the business, because it will certainly affect the sustainability of the business is run. If you have personal problems, discuss amicably to find a solution and solve the problem before taking care of business. If you have not found the right solution, then make a mutual agreement not to take the matter to the business.
4. Distribution of results
It is important to note, many examples of businesses that have been built long kinship be disbanded due to conflicts of interest that are not clear, for example, about the division of profits. Usually one party feels has contributed more in the appeal of the other parties. Therefore, as previously mentioned in point number two, make rules and a clear agreement in the beginning of starting a business. Determine what percentage of the profits that belongs to you and your partner based on calculations such as the ownership of initial capital and labor contributions.
5. Effective communication
Business communications should be made as effective as possible. This is to prevent any policy because of the messages conveyed are not translated correctly. If necessary, use the lingua franca or the same as you use everyday to communicate with relatives. Avoid messaging convoluted and use terms that are difficult to understand. Simply put, such communication should be short, dense and can be understood by both parties.
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