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I Advice - Can a Husband and Wife be in Business Together?
Employment Binders: Golden Handcuffs for the Working Class g out to a restaurant may eventually lead the dinner conversation back to work-related discussions. How do I know so much? My wife is the CEO of our family business. I am the lowly Marketing Director, albeit, by choice I might add.Stock options and the availability for executives to cash in on them are often accompanied by what they called golden handcuffs. In other words if you leave the company you lose the rights to exercise the stock options and that means you will stay there longer working for the company rather than leave and take your working knowledge and expertise and go to another company. This strategy works very well for keeping intact organizational capital amongst the top executives.But did you know that the We formed the business a few years ago when I retired from my previous job. She then retired the following year and we began designi How to Deliver Exceptional Customer Service
Having been in business a number of years, I’m amazed at the number of people who don’t have the slightest idea of what customer service is. Customer service is not a way of doing things – it’s an attitude.I always love it when company’s send their people to seminars to learn about customer service. All the seminars will discuss the customer’s needs and expectations and the orator will package these ideas as new and cutting edge when in fact these very ideas were in practice over 30 years ago!During my 25 years as an advertising consultant, I had many husband and wife business teams as clients. In my mind, it was the good, the bad, and the ugly. I wasn’t necessarily referring to their physical attributes. But it usually did not lead to a positive outcome. Not that all of these type of partnerships are doomed, but the majority were less than successful. The reasons are varied and easy to enumerate here:
We formed the business a few years ago when I retired from my previous job. She then retired the following year and we began designin The Bottom Line on Clamshells and Blisters -- How They Can Prevent Your Profits From Taking a Beatin reasons are varied and easy to enumerate here:For manufacturers of consumer goods, and especially for the retailers who sell them, one of the largest sources of profit loss stems from theft. The National Association for Shoplifting Prevention (NASP) estimates that U.S. retailers lose over $10 billion annually from shoplifting alone, a figure that translates to $25 million every single day!However, in recent years the packaging industry has begun to introduce new methods that have helped deter theft. Through the use of clamshell and blister pa
We formed the business a few years ago when I retired from my previous job. She then retired the following year and we began designi Is Your Food Establishment Clean? alking about the job or company.Is your restaurant, bar or hotel clean? I mean really clean. I don't mean "do you stick to all the rules and regulations?". I mean, do you and your staff really care about cleanliness and hygiene?Just complying with hygiene regulations will almost certainly result in you breaking them. By meeting standards that are higher than the minimum you will probably comply with them. But is this enough? There are two mindsets when it comes to good hygiene practice in catering businesses. One is the "wi We formed the business a few years ago when I retired from my previous job. She then retired the following year and we began designi Carved in Granite Who will make most of the big decisions and why?In the Black Hills of South Dakota, carved in granite, the six-story faces of George Washington, Thomas Jefferson, Abraham Lincoln and Theodore Roosevelt create a grand impression viewed from a distant, or standing on the national monument's viewing terrace. Visiting Mount Rushmore on vacation, I found the documentary of its making fascinating. Weeks later, one story stayed with me.It turns out the sculptor, Gutzon Borglum, planned to have the figure of Thomas Jefferson on George Washington's righ We formed the business a few years ago when I retired from my previous job. She then retired the following year and we began designi Executive Job Search g out to a restaurant may eventually lead the dinner conversation back to work-related discussions. How do I know so much? My wife is the CEO of our family business. I am the lowly Marketing Director, albeit, by choice I might add.The first job the individual lands after graduation could lead to better opportunities in the future. If after how many years the employee sees no growth in the company, perhaps it is time to do an executive job search before leaving the current position.The first thing the executive should do is update that resume. This is because the one who will interview the person does not know anything except what is written on that document.It should contain the positions held in previous jobs, the l We formed the business a few years ago when I retired from my previous job. She then retired the following year and we began designing a website to provide health information. She had been an RN and I was an advertising consultant. We had been married just a year when all this happened, although we had both already raised our separate families. So children was not an issue. But I was a bit apprehensive about a home-based business where we would be living and breathing this new venture together, without a break from one another. It had been my prior experience with other business couples that gave me that negative implication. I had seen the bitter feuds and arguments that resulted from power struggles and bickering, common in marriages. But this was over advertising, budgets, and the future of a business. It often reached a whole new level of ugliness. Most of the time, the husband was the president and the wife the VP or accountant. But the lines blurred when money was the topic and the wife would take charge of the finances, as if I were stealing from their retirement fund. It’s very awkward standing there while a couple fight in a personal manner. It’s more like witnessing a social war than a company dispute. The words turn to an attack on character and qualifications rather than business savvy. They might even bring up non-business issues that I prefer not to know. But that’s what couples do, when their emotions take over. That’s also the main difference between a couple running a business and regular corporate partnerships. The co-owners will be adversarial but objectiv
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