How to make a family business: A quick guide to the business of a business
Posted On August 2, 2021
Family businesses are often a stepping stone to bigger businesses.
This video series aims to help you understand how to get started as a family-owned business.
Start with your family 1.1 Understand the basics 1.2 Identify the business goals 1.3 Establish a business plan 1.4 Get your finances in order 1.5 Start the business 2.
Business plan 2.1 What’s the business purpose?
2.2 How much will the business produce?
2-3 business days 3.
Establishing a business 3.1 Who will be in charge?
3.2 What will the profits be?
3-4 business days 4.
Business strategy 4.1 Where do you want to take your business?
4.2 Establish your product line 4.3 The most effective way to get your business noticed 5.
Business challenges 5.1 Is your business profitable?
5.2 Is your sales high?
5-6 business days 6.
The business journey 6.1 How much money do you have?
6.2 Will your customers come back?
6-7 business days 7.
The end of the journey 7.1 Why do you keep going?
7.2 Where are you going?
The big picture 8.1 Your family business 8.2 The future of your business 9.
Business strategies 9.1 Make your sales numbers look good 10.
What are you waiting for?
10.2 Can you do it better?
Closing thoughts 11.1 Getting your family business started with a family member?
How to start a family company 12.1 Identify your customers 12.2 Start your business with a member of your family