What happens when SMEs on the larger side begin to promote themselves as family businesses? Well, they can attract more employees, yet they can also raise concerns about nepotism and lack of equality in the inner operations of a business. I give you the perks and shortcomings of ‘keeping it in the family’.
How do you become a self-made entrepreneur? Through hard work and sheer determination. The way you get there is through the experiences you build, and the important decisions you’re bound to make. In other words, it’s all in the climb.
Avoid these common mistakes and save your own family business in the process.
The growth of technology and the level of competition faced by ambitious family businesses makes diversification into alternative businesses the most viable option for those who wish to raise their game.
An “it will never happen to me” mentality and "allergy" to paperwork is seeing many SMEs fail to take out employers' liability insurance – but what is its true value?