Working with family means mixing business and personal life, which can be quite a difficult thing to get right. It has both its benefits and disadvantages, you just need to make sure that you are prepared for it. If you are considering hiring family or having family members as partners in your business, you need to consider how well you could work with them. Working with family can be great as well as challenging, you may bring the best out in each other or you could bring out the worst.
You may think that the success of established global companies is the most vital factor in the health of the economy. However, you should not underestimate the importance of entrepreneurs in the business world. They start up fast-growing businesses that are responsible for creating around twice as many jobs as established companies. Entrepreneurs also innovate; they need to question practices and think creatively in order to survive and thrive. Established major companies do not have the same impetus to innovate. As the Financial Times reported, we need the innovation and job creation of the entrepreneur community, to help keep the economy stable and to keep the status quo from taking over and hampering technological and creative progress.
Gus Bartholomew is the latest entrepreneur to feature in our success stories. Gus is the co-founder of SupplyCompass, a company that helps clients in the UK get in touch with manufacturers in India. In this success story, Gus discusses working with a partner and working in both the UK and India.
Becoming a married couple transforms relationships into a formal partnership intended to be something that will help us in carrying out the rest of our lives. However, when it comes down to business within that partnership, many couples have split opinions. Starting a business with your spouse is either the best decision spouses ever make or something that they firmly regret.
With a £250, 000 prize money for business investment up for grabs, as well as partnership with Lord Sugar, the Apprentice is a huge business opportunity for the candidates. With only one week left of the battle to win Lord Sugar over, the show is coming to a close. The two finalists have been revealed, James White and Sarah Lynn, despite one of them being fired from their previous job.