♦ REFRESH to rotate MAAMAW'S CLICKY NOTES thru this space..... Timely Tips, Best of the Boards & More ♦ |
Be sure to visit the Current Message Board when you're finished here. We're very friendly, so don't be shy... just jump right in and post your question. Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time. |
| View Thread | Return to Index | Read Prev Msg | Read Next Msg | |
---|
FIB - Scams 101 - Ye Olde Archives
Posted By: Business Development Coach Dianne In Response To: Sticky Partnership Issue (Gerard)
Tuesday, 10 October 2006, at 11:19 p.m.
Why does there need to be any ownership at all by your sister and brother-in-law? Hire them as employees and pay them for their work. You can give bonuses for special projects associated with getting ready to open based on the skill set they bring to the table. Also, set up job descriptions with wages/salaries attached, hire them for a specific job and pay each person for the work they do. Use a formal sign-in sheet or electronic time system no matter how silly it may seem at first. If you don't take these things seriously from the start, you won't be able to get them to take it seriously when it counts.
If everyone is only going to do cleaning that's one thing. However, if one person is also going to be doing the marketing, another keeping the books and the third handling scheduling, ordering supplies, and other operational matters, then pay each person based on their primary job.
Work out an agreement AHEAD of time as to how long you will have each person in the various roles and at what point you will bring in a more skilled professional to handle a role (i.e. if you grow to a certain level of revenues/employees, handling the financial matters may require a more advanced skill set).
Be sure to set-up an organizational chart and determine how decisions will be made. These must be agreed upon before you start the business. With family members, it's going to be hard enough to get everyone to stick to the agreements, even if they are signed. Don't neglect getting them in place.
If this is your idea and your financial backing, re-visit the idea of going into business "together". Hiring them may save you a lot of headaches, especially if they have never run a business or don't have any P&L (profit and loss) experience.
Hope this is helpful!
Take care,
Business Development Coach Dianne
| View Thread | Return to Index | Read Prev Msg | Read Next Msg | |
---|
FIB - Scams 101 - Ye Olde Archives is maintained with WebBBS 3.11.
|
PLEASE READ THIS LEGAL NOTICE CAREFULLY BEFORE YOU FILE A LAWSUIT OR EVEN WASTE TIME THINKING ABOUT IT. It has been done before, but never successfully. In fact, the last dodobird who tried it ended up being ordered to pay more than $77,000 in attorney fees ($65,000+ to my attorneys and $12,000+ to my co-defendant's legal advisor).
If your attorney is worth his salt, he's going to tell you that the expense of filing a lawsuit you can't win is a whole lot worse than any "damages" resulting from messages posted on this insignificant little chunk of cyberspace. NEWS FLASH: I didn't just climb down off that ol' turnip truck yesterday. I'm well aware that expressing a negative opinion, relating one's personal experience, and restating provable facts are all legal in this country and do not constitute libel, slander, or defamation -- so you don't want to play games with me, and you sure don't want to start something you aren't prepared to finish. I don't take threats lightly, and I don't accept bribes (or did you call it a "mutually-beneficial arrangement"?). I'll turn you in faster than you can yell, "ARREST ME, I'M SCUM!!" Do yourself a favor and turn your legal team loose in greener pastures. Although we may, from time to time, monitor or review discussions, postings and the like on the Friends In Business (Scams 101) Message Board, we are under no obligation to do so. We are not responsible or liable for any claim arising from the content of any such discussions or postings or for any error, defamation, libel, slander, omission, falsehood, obscenity, pornography, profanity, danger, or inaccuracy contained in any information contained within such locations on the Site. You are prohibited from posting or transmitting any unlawful, threatening, libelous, defamatory, obscene, scandalous, inflammatory, pornographic, or profane materials or any material that could constitute or encourage conduct that would be considered a criminal offense, give rise to civil liability, or otherwise violate any law. You are likewise prohibited from posting any false claims against any company or individual. We will fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of anyone posting any such information or materials. By posting messages and/or content on the Friends In Business (Scams 101) Message Board, you give permission for Lesley Fountain/Friends In Business/Shoestring Success Publications to display, distribute and use the posting and content for publication, advertising, promotion, excerption or example. You grant Lesley Fountain/Friends In Business/Shoestring Success Publications complete, perpetual, but non-exclusive rights to use, archive, reproduce, adapt, modify, distribute, sub-license, repurpose, rework, compile, or offer for sale or resale the messages, postings or content appearing on this site in whole or in part, throughout the world and universe, on a royalty-free basis without remuneration. If you cannot accept or agree with the terms of service for this website and discussion board, you are advised not to post on this board. In closing, I would like to remind you once again that it is still legal, in this great country of ours, to express a PERSONAL OPINION, as long as it is presented as opinion and not as fact. And finally, all you scammers out there will do well to remember that TRUTH IS AN ABSOLUTE DEFENSE against charges of libel, defamation, and slander... so if you're operating just a hop, skip, and jump ahead of the law, you might want to think twice before doing anything stupid... (AND SHAME ON YOU!!). |