Monday, April 27, 2009

Turning your Craft into Business (Part 4)

By Ian Kleine

They say that if you want to court a lady, then you must court the parents first. Big detail in the past, but can still be quite useful even up in modern 20th Century. I mean, the line has a point. It's not only the girl (or the guy, in the lady's case) that you are marrying; you are also marrying INTO their family. That means gaining their favor, acceptance and approval before you can take your beloved's hand and walk down that anticipated aisle.

Just like with business propositions, there's an unwritten rule that one always follows when starting your own businesses; always let your family know about it. You may choose to disclude them from your business, but never, ever keep them from the dark (especially when your significant other is involved with managing your family's financial issues as well).

Think about the repercussions. Should you involve your family, there is but little disadvantage than having them find out from another source. Of course, the only time they wouldn't find out about it is if (a) the business is so self-sufficient, your money trickles in from the business instead of you investing out (b) your business is so secret, even your business partners have no idea what you are up to or (c) you're doing something illegal and underhanded. One which I seriously do not recommend.

Having a little family help does not hurt. Whether it is for asking help for menial tasks, doing stuff like helping around and even asking for opinion and advice. The family can pitch in too, when times for belt-tightening are needed.

There are more that can be pointed as to the advantages of having your family participate, whether actively or not, in your business. It could be a separate venture, it could be not.

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