Bob McGannon – How to Start a Business with Family and Friends
Bob McGannon – How to Start a Business with Family and Friends
Digital Download: You will receive a download link via your order email after successful payment.
In this course, entrepreneur Bob McGannon shares his insight and advice on starting a business with family and friends (drawing from experience with his own 14+ year business).
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Description
How to Start a Business with Family and Friends
What other companies have in common? These companies are examples of successful family businesses. You can start your own family-run business with the right idea and a good business plan. Bob McGannon shares his experience with starting a business with friends and family in this course. Before starting a business, it is important to have an exit strategy, clear roles, governance, and ownership. Setting up business finances and managing working relationships are some of the topics he covers.
Table Of Contents:
The introduction is about something.
- Welcome 1m 20s
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Before watching this course 16s
It’s time to organize your business.
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Set expectations by clarifying role boundaries3m 45s
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Establish norms that separate personal from business4m 14s
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Discover compatibilities and styles4m 18s
- Understand tax implications
3m 58s
- If your business is in your home
3m 42s
- Have an exit strategy
4m 30s
There islishing governance and ownership.
- Establish business ownership: Family 3m 33s
- Establish business ownership: Friends 4m 2s
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Determine who is in control 3m 52s
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Shareholder considerations 4m 8s
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Show me the money 4m 22s
It’s important to keep it running smoothly.
- Communicate effectively 4m 7s
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Manage conflict 4m 30s
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Celebrate together 3m 45s
The family and friends are working.
- Married couple survival guide 4m 26s
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Manage your kids successfully 3m 50s
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Working with your friends 3m 51s
There are areas where you can find problems.
- Problem indicators 3m 53s
- Balancing family and business roles 3m 59s
- Creating escalation procedures 4m 16s
- Handling a family crisis 4m 34s
Conclusion
- Next steps
1m 25s
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