Family Business & Franchise Opportunity
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Naz Daud
Mar 23, 2013, 8:20:03 PM3/23/13
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Please consider this free-reprint article written by:
Naz Daud
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Article Title: Family Business & Franchise Opportunity
Author: Naz Daud
Word Count: 611
Article URL: http://www.isnare.com/?aid=140487&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=140487
Easy Publish Tool: http://www.isnare.com/html.php?aid=140487
*********************** ARTICLE START ***********************
When you buy a franchise business and employ family to help you run it, the business operation can be a lot smoother. Notice how I said can! When you buy a franchise opportunity, in the initial stages business cash flow can be tight. This is where sometimes family members can help out. In the initial stages some family members might be prepared to help you out at either zero or minimal wages.
Longer term their demands could grow to the point that they ask for more money than regular employees or worse still ask for a share in the business! This is not as bad as it sounds because often you can expand the business a lot faster by keeping it in the family.
When you run a franchise business it is imperative to employ people who you can trust. This is where a strong family unit comes in extremely handy. Having a loyal and trustworthy workforce gives you the opportunity to spend more time on business expansion.
Most children are now very computer literate. They can help you out, punching in data and general book keeping tasks. By involving your children in some of the children friendly tasks in the business, they will pick up skills which will be useful to them in their future business life or employment.
Your partner will be able to assist in the management of the business and take some of the stress and strains away from you. Now you both have something in common if you did not before!
So in a nutshell, the business unit can be stronger when you have family working for you. The positives far out way the negatives. But, running a franchise business and employing family members can create its own unique type of problems.
What if one of your family members, be it brother or sister is not pulling his own weight? What if he or she is not up to the task? What if he or she does not get along with other family members? This can lead to all sorts of problems. For a start, you can�t just sack them due to the emotional attachment. This is where the skills of the franchise owner really comes into play.
Another potential area of disputes is when you are employing a younger brother or sister, and the time comes to hand over the reins of the business franchise to your son who happens to be younger than both of them. Whilst your brother or sister was happy taking orders from you, they might not feel the same way towards your son.
In these situations, counselling can help. Another weapon that you could use is to make the transition gentle and over a longer spell, so that the other family members have a time and the opportunity to adjust to the new business relationship.
You will have to be careful that you all make time for yourselves. Working with people, and the day to day hassles can become tiresome especially when you all go home together. You do not want to carry on with the business disputes at home. A simple rule might be that business is not to be discussed around meal times, thereby allowing the family to discuss family issues.
When it comes to expanding your business by buying another franchise unit, the strengths of the family unit can really come into play. This is when you can give the opportunity to the strongest family member the chance to be a manager of the new unit.
About The Author: Naz Daud http://www.citylocal.co.uk http://www.citylocal.co.uk/frontend/franchiseinfo.php?cityid=79 http://www.citylocal.ie http://www.ecademy.com/account.php?id=120141
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=140487
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Naz Daud
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=140487
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=140487
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Family Business & Franchise Opportunity
Author: Naz Daud
Word Count: 611
Article URL: http://www.isnare.com/?aid=140487&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=140487
Easy Publish Tool: http://www.isnare.com/html.php?aid=140487
*********************** ARTICLE START ***********************
When you buy a franchise business and employ family to help you run it, the business operation can be a lot smoother. Notice how I said can! When you buy a franchise opportunity, in the initial stages business cash flow can be tight. This is where sometimes family members can help out. In the initial stages some family members might be prepared to help you out at either zero or minimal wages.
Longer term their demands could grow to the point that they ask for more money than regular employees or worse still ask for a share in the business! This is not as bad as it sounds because often you can expand the business a lot faster by keeping it in the family.
When you run a franchise business it is imperative to employ people who you can trust. This is where a strong family unit comes in extremely handy. Having a loyal and trustworthy workforce gives you the opportunity to spend more time on business expansion.
Most children are now very computer literate. They can help you out, punching in data and general book keeping tasks. By involving your children in some of the children friendly tasks in the business, they will pick up skills which will be useful to them in their future business life or employment.
Your partner will be able to assist in the management of the business and take some of the stress and strains away from you. Now you both have something in common if you did not before!
So in a nutshell, the business unit can be stronger when you have family working for you. The positives far out way the negatives. But, running a franchise business and employing family members can create its own unique type of problems.
What if one of your family members, be it brother or sister is not pulling his own weight? What if he or she is not up to the task? What if he or she does not get along with other family members? This can lead to all sorts of problems. For a start, you can�t just sack them due to the emotional attachment. This is where the skills of the franchise owner really comes into play.
Another potential area of disputes is when you are employing a younger brother or sister, and the time comes to hand over the reins of the business franchise to your son who happens to be younger than both of them. Whilst your brother or sister was happy taking orders from you, they might not feel the same way towards your son.
In these situations, counselling can help. Another weapon that you could use is to make the transition gentle and over a longer spell, so that the other family members have a time and the opportunity to adjust to the new business relationship.
You will have to be careful that you all make time for yourselves. Working with people, and the day to day hassles can become tiresome especially when you all go home together. You do not want to carry on with the business disputes at home. A simple rule might be that business is not to be discussed around meal times, thereby allowing the family to discuss family issues.
When it comes to expanding your business by buying another franchise unit, the strengths of the family unit can really come into play. This is when you can give the opportunity to the strongest family member the chance to be a manager of the new unit.
About The Author: Naz Daud http://www.citylocal.co.uk http://www.citylocal.co.uk/frontend/franchiseinfo.php?cityid=79 http://www.citylocal.ie http://www.ecademy.com/account.php?id=120141
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=140487
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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