Many people dream of running their own
business. Starting a home-based business
is often the first step. In a time of downsizing
and cutbacks, using the skills from previous
employment in a business of one's own is
a popular option.
Large companies are also recognizing that
the high cost of corporate offices is not
always necessary and some tasks that rely
heavily on computer use can be more cost
effective with the employee having a home
based office.
Seminars, books and franchise companies
offer advice on how to set up an office.
Many new business developers turn to a lawyer,
accountant and bank manager for advice.
Once a business includes two members of
the same family, it is a family business
and is part of the estimated 60% of all
companies in Canada. The involvement of
a parent, spouse, child or other relative,
can be a practical and economical choice.
It can also cause problems that are unique
to a family business.
Home based and family businesses have many
advantages. These can include tax benefits,
personal trust factors, lower expenses for
clothing and commuting, common goals, familiarity
and established patterns of working together.
There can also be many pitfalls. These include
the inability to separate the business from
personal time and the roles played in the
business may not carry over and be best
for a well functioning family life. As well,
conflicts from family life can spread into
the business environment and cause business
disruption. There may also be difficulties
with different levels of commitment and
energy. These can result in jealousy, and
unresolved power and control issues that
can undermine profit levels.
Keeping healthy family relationships and
maintaining a prosperous business is a balancing
act that needs skill and determination.
Communicating well, managing stress, resolving
conflicts and making wise decisions are
all necessary.
Recognizing the impact of the family on
the business and the business on the family
is the first step in avoiding problems.
Awareness of the dynamics that are unique
to this type of arrangement can create healthy
families in prosperous businesses.
If problems arise, consulting with a specialist
in the area of families and family business
is a wise course of action. The quality
of your life and livelihood may depend on
it.
Marilyn Barnicke Belleghem M.Ed. a registered
marriage and family therapist who consults
to families in business on relationship
issues from Burlington, ON Canada. www.mbcinc.ca
click here
to return to top
|