For some families, going into the family business is a no-brainer. It's what grandpa did, dad followed suit, and now it's time for the next generation to follow in the footsteps paved before them.
Joining the family business has its attributes whether or not you're gung-ho on the idea. If you're an eager beaver geared up to partner with your relatives in business or you're not quite sure the family business is the right decision for your future, these perks will reaffirm or convince you that joining the family business is a smart choice. Get ready to hum, "We Are Family" on your way to work every day!
If you can't trust your family, who can you trust? In scenarios where you need someone to give you the no-nonsense low-down on a delicate situation or you need to run an idea past someone who's a straight-shooter, family members are the folks who you can count on.
As per American Express, "Trust is essential in all business, but especially so in a business where trade secrets are make-or-break. There's a very high level of trust among family members and they can talk to each other very freely and openly."
Trust is also of value when it comes to money matters. You can be sure you're being paid fairly and on par with what other family members earned in the role you've taken on. And performance will be truthfully reviewed and discussed with the goal to keep you going strong for yourself and the good of the business.
There's something to be said about carrying on a family tradition. Thanksgiving gatherings at Aunt Suzy's and yearly trips to the lake at the state park are lovely and something to remember fondly, but becoming a vital part of a generations' old family business takes tradition to a greater and more powerful level.
Value Walk notes, "By working in the family business and taking it over one day, you have a unique bond with your relatives. It can deepen both your relationships and your roots in your community. You can have a real stake in the company's future, both emotionally and financially. The pride you have in working for a firm founded by your family can be motivating, and, when you have the opportunity to improve that business and make decisions that move it safely into the future, it can be very gratifying."
This feeling of tradition will make every business decision you make all the more important because your family is counting on your strength and solid commitment. It may feel like extra pressure, but it's really a deep-rooted drive to do your very best every day.
Unlike working for a large corporation or some other company which you may not have deep ties to, working for a family business is one of the greatest acts of loyalty you can make, as is the commitment you'll have for the business itself.
"Family-owned businesses are theoretically ideal because family members form a grounded and loyal foundation for the company and because family members will often exhibit more dedication to their common goals. Having a certain level of intimacy among the owners of a business can help bring about familiarity with the company and having family members around provides a built-in support system that should ensure teamwork and solidarity," says Chron Small Business.
Knowing those you work with are willing to go above and beyond to sacrifice for the sake of the family will be motivational and contagious. The commitment is not only to the business, but to the members of the family as well. This type of devotion helps make businesses succeed both monetarily and by achieving a positive reputation among customers, clients, and the community.
Working for a family business can be advantageous when it comes to give and take in the workplace. If you need to work from home, show up a little later than usual, or swap tasks with a peer, families tend to give the OK more readily than other companies might. This can vastly improve your work/life balance as well as your overall workplace satisfaction.
According to Chron Small Business, "Families tend to be more lenient and forgiving when it comes to work schedules, work-related decisions and judgments, and even mistakes." And Vistage adds, "You won't hear, 'Sorry, but that's not in my job description' in a family business. Family members are willing to wear several different hats and to take on tasks outside of their formal jobs in order to ensure the success of the company."
Flexibility also results in a more relaxed work environment leading to less stress and more time for creative thinking and collaboration. What else could be more valuable towards taking a business to new heights?
You can be part of the family business with pride and productivity. Your fierce commitment and solidarity with your co-workers will reassure you that working for the family business is a smart and satisfying choice.
Between buying a new home and transporting yourself and your belongings to it, moving can be an expensive process. One often underrecognized cost of moving occurs before one's original house has even been sold, and that's staging the house. Homeowners often spend hundreds of dollars making a home appealing to potential buyers. To ease the financial burden of moving, here are several tips for staging your home on a budget.
Downsize Instead of Storing
The goal of staging a home is to create a blank canvas that potential buyers can imagine their own lives painted upon. To accomplish this, homeowners should depersonalize the home as much as possible, removing items that are specific to their family and eliminating clutter. This is where homeowners often incur their first costs as they rush to put as many older things in storage as possible.
To cut costs, focus on downsizing rather than storing items. Look for items that you can sell, donate, or give away. For remaining items, look for alternative places to store them, such as a friend or relative's house. This will also reduce the cost of moving your belongings when it is time to go to the new house.
DIY What You Can
There are times when homeowners should bring in a professional to manage home renovations and decorating, such as when a task requires specialized skills. These types of jobs, when done incorrectly, will incur even greater costs if attempted on your own. However, many of the home improvement tasks that go into staging a home are simple enough that the homeowner can DIY them, such as painting, installing a backsplash, or refinishing the deck. Doing these tasks yourself will save you a significant amount of money.
Don't Redo, Update
Homeowners are often eager to make their houses look as appealing to buyers as possible. However, recall that the point of staging is depersonalization, making a home presentable so buyers can mentally impose their own style onto it. When staging a home on a budget, focus less on completely transforming the space and more on making what is there look presentable. For instance, if you wanted to give your bedroom a facelift, trying to replace the furniture and flooring would be pointless unless it was damaged or unkempt. Simply organizing the space and replacing the bed's comforter would be sufficient.
Another way to update the space without entirely redoing it is to rearrange it to maximize the space that is already there. For instance, pulling the furniture away from the walls will make a room appear bigger and allows more space for those touring the house. Using window trimmings that maximize natural light and incorporating wall mirrors can also make a room seem more spacious.
Raising a larger family than most means that your lifestyle is going to change. Costs will continue to multiply as your family grows larger. However, just because your family is large doesn't mean your quality of life needs to suffer. It just means you need to make a few adjustments to help things work smoother and more efficiently. We've compiled a couple of money-saving tips for larger families to help you get the most out of your dollars.
Always Buy in Bulk
The benefit of having a larger family is that things you buy in bulk rarely ever go to waste. Smaller families can benefit from buying in bulk, of course, but your large family will see the most use out of shopping in large quantities. You'll want to avoid going to smaller stores for necessities such as groceries and clothes, as these places generally have higher markups on their items.
Buy Wholesale Items Online
If you want to take buying in bulk to the next level, one of the best money-saving tips for large families is to buy online from wholesalers. Buying online comes with a number of benefits that you won't get when you go to a physical store:
- You don't have to drag your kids to the store with you
- You have a lower probability of making impulse purchases
- You can search for exactly what you need
- Wholesalers sell in very large quantities for a lower price per item
Never Throw Away Something Useful
When you have to buy things for multiple children, your costs to replace items will be much higher. That's why it's so important to keep everything you can. Clothing is a big part of this. Hand-me-downs can prevent you from needing to replace entire closets every year. Try to repair or upcycle any clothes that may have damage, as this is usually much cheaper than buying brand-new items.
Stick to a Budget
When you support a large family, expenses can sometimes get away from you. Proper budgeting helps to keep the extra purchases that add up to a minimum. Budgeting correctly can save you a lot of heartache in the long run. It's up to you how much control you want to take; you can make your budget weekly or monthly, depending on how tight a ship you need to run. What's important to remember is that making the budget is only the first step—sticking to it is where you'll really need to enact some willpower.
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Sometimes there is no choice—a home needs to be sold in the winter.
Spring may be the most popular time to put your house on the market, but homes do sell in the colder months. With fewer houses available, your home may be someone's only choice when house hunting in your neighborhood. As your neighbors hold out until spring, you'll already be done and ready to shop for your next house!
Here are a few tips for selling a home in the winter to get you on the right track.
Keep Paths Safe and Landscaping Fresh
Landscaping is the last thing on a homeowner's mind in the winter. Everything was cut back in the fall and may now be covered in snow. Still, take a walk around the house and yard to check everything out. Branches may have fallen from heavy snow, leaving a mess in the yard. Keep everything neat and tidy.
The last thing you need is a potential buyer slipping on the ice-covered walk in front of your house. Buyers often consider those moments bad omens, and this can affect their decisions. Shovel, snow blow, spread salt—do whatever you have to do to keep the driveway and walking paths clear, and don't forget the porch and deck.
Make the Inside Warm and Cozy
In cold weather, buyers won't spend a lot of time examining a home's exterior. Instead, impress them with the inside by creating an atmosphere which causes them to want to move in.
When there's time, leave wintery types of snacks and drinks, such as hot cocoa and cookies, available on a table during showings. This gives your home a welcoming feel to buyers.
Light the fireplace (if you have one) for a lovely ambience and set your thermostat to a comfortable setting. A warm home in the winter is much more appealing than a chilly one.
Make Your Home Less Personal
Understandably, this can be a tough thought for homeowners. After all, you've spent years creating memories in your home. To buyers, though, they need to picture it as their own. Too much personality makes that difficult.
It's always important to stage your home in a way that makes it look clean, comfortable, and move-in ready. Don't feel offended by the idea of taking family pictures down and replacing them with generic décor. This will help your home sell faster by helping buyers envision their own things there.
Cleanliness and Maintenance
Clean, clean, and clean some more. Make appliances, counters, and floors shine. No matter how old your home is, it needs to feel like new to potential buyers. If you aren't into dusting, now is the time to try. Don't forget window coverings that might need washing.
Be prepared ahead of time for home inspections by taking care of maintenance now. HVAC systems, plumbing, and electrical should all be up to code and running smoothly.
Use these tips for selling a home in the winter, exercise patience during the slower months, and your home will sell before you know it.