Monday, July 11, 2016

Journal Entry Lesson 12

Many times I had said that I didn’t want to do business with family and members of the church because of stories of local LDS businessmen and my own experience. This week I started to question that as I read about successful family business and the advantages of doing business with family. I have learned that the key to a successful family business is making sure that the conditions are set forth clearly, upfront, and fairly. It is also necessary that all parties keep a long term perspective in the business and not just try to ‘’make a quick buck’’.


As I come close to the end of my $100 project I have started to think about the things I learned and the things that I will do differently in the future. I just sold my car and I’m about to cancel a cellphone data plan that I was paying for. This will give me a little extra money available and I’m considering starting a small business with my wife, similar to the $100 project, see how well it works and go from there.

No comments:

Post a Comment