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Enriching Your Live Archive
Entrepreneurial Couples Archive

Enriching Your Life!

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Archive - Entrepreneurial Couples Archive

Consultation, Money, SOHO

Friday, September 07, 2001


ARTICLES IN THIS ISSUE:

  • How on-line consultation can help you and your business
  • Fighting over money
  • Checklist for your home business

HOW ON-LINE CONSULTATION CAN HELP YOU AND YOUR BUSINESS

“How can I help my Dad? He is part of a family business that he inherited from his father. Now Dad and his brother run the business, except that my Dad does all of the work. Dad is stressed all of the time but doesn’t want to disrupt the family. I’d like to come to work for my Dad but I don’t want to be part of carrying my lazy uncle. What should I do?”

This was the first problem ever presented to me when I hosted an Internet Chat for members of family firms. We “chatted” for about an hour, via our computers and covered a lot of territory. Even though the young man who contacted me lived on the East Coast, he was able to get expert advice on the precise subject he needed help with because he was comfortable searching the World Wide Web. And by the tone of his messages, he was pleased by the end of our hour to have a plan of action to present to his father.

E-consultation is ideal in many other ways as well. It’s tailor made for travelers and those of us who work odd hours. You can get on line anywhere, anytime. The convenience means that you will probably take advantage of the service more often and get to the bottom of the problem faster. In fact, a study at Johns Hopkins University found that people open up more quickly using a computer than they do face-to-face with a psychologist. E-consultation may attract those who are too embarrassed to bring a problem up fact-to-face or it may just be that they can ask the questions when they come up, rather than having to wait for an appointment.

Read more about the pros and cons of using the Internet to deal with personal and family problems in my latest “Families In Business” column.

Please email me any questions or concerns you may have before getting started at info@kmarshack.com.

FIGHTING OVER MONEY

Read an excerpt from my latest interview in the July issue of Residential Architect in the article entitled “Married on the job.”

Many couples believe that because they love each other, have raised children together, or went to grad school together, they should be able to get along running a business. Not so, says Marshack. Couples who work together will have a lot more fights, because there’s more to fight about. “A business is about making money. And couples argue about money anyway,” she says. “One gets concerned about whether the other handled a client right, or whether the partner should have negotiated an extra $10,000 into the bid. It can make you quite cranky with your spouse.”

Marshack stresses the importance of realizing your partner will be more sensitive to your criticisms than someone else will. “Your have to be polite, take more time to communicate what you mean and clarify what the other person means,” she says. “It will take more time than if you were working on your own or with a non-related partner.”

You can access the entire article at this hotlink: http://www.residentialarchitect.com/frmArtFront/0,1071,'520~521~522~3788~1',00.html

CHECKLIST FOR YOUR HOME BUSINESS

Here are some important questions you should ask yourself if you are considering working from home.

  1. Does your neighborhood allow home-based businesses? Are there any zoning restrictions?
  2. Is your neighborhood a suitable location for your business? 
  3. Do you have a good relationship with your neighbors? Will your business activities disturb them?
  4. Is your property well maintained with adequate parking for your clients/customers?
  5. Does your house have a business office area suitable to your business' needs? Can visitors get to your business office without going through your entire house?
  6. Does your family understand your plans and are they supportive?
  7. Do you work well without supervision? Are you self-disciplined?
  8. Do you mind being alone for long stretches of time?

Thank you for subscribing to my newsletter. For more information on how entrepreneurial couples can make it work at work and at home go to my web site www.entrepreneurialcouples.com. You’ll find exercises, a library of family business articles, on-line consultation and much more. To contact my office call (360) 256-0448 or (503) 222-6678 or email info@kmarshack.com.