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Save money hiring a family member for your business

Postby augusta » 10 Apr 2023, 06:12

Are you just starting out a business with little to no profit as you just start out you just start out you can save money by hiring family members to help out. you would be able to get save money in the process but getting the business job done
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Re: Save money hiring a family member for your business

Postby Fergal » 11 Apr 2023, 05:37

Family and friends will often be very supportive of a new business and be willing to help out whenever they can. Sometimes that's by doing some work (as you suggest), they can also help by offering advice, by becoming your first customers and by spreading the word to promote your new business.
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Re: Save money hiring a family member for your business

Postby augusta » 11 Apr 2023, 06:08

Exactly that's my point if you can't hire outsiders because of lack of funds you can go with family members and save money in the process
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Re: Save money hiring a family member for your business

Postby Yugocean » 11 Apr 2023, 08:30

Family member isn't some thing for hiring.
Friends and relatives might be, but not family member with whom you live.
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Re: Save money hiring a family member for your business

Postby nela13 » 11 Apr 2023, 10:22

augusta wrote:Exactly that's my point if you can't hire outsiders because of lack of funds you can go with family members and save money in the process

Hiring family members can have a not-so-good consequences, sometimes family members expect to have more privileges, it is true that in most cases we can trust family members more but to have authority to give orders it is best to have people outside the family.
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Re: Save money hiring a family member for your business

Postby augusta » 13 Apr 2023, 05:42

nela13 wrote:
augusta wrote:Exactly that's my point if you can't hire outsiders because of lack of funds you can go with family members and save money in the process

Hiring family members can have a not-so-good consequences, sometimes family members expect to have more privileges, it is true that in most cases we can trust family members more but to have authority to give orders it is best to have people outside the family.

Well you go with those you can handle I don't think all family members are bad. From my experience i can employ my sister's for my business and they will deliver
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Re: Save money hiring a family member for your business

Postby Abdulhamid001 » 10 Jun 2023, 00:13

Sure, family members are very supportive when it comes to starting out new business,but then it depends on specific role they can handle but at least would still reduce staff .
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Re: Save money hiring a family member for your business

Postby augusta » 10 Jun 2023, 03:00

Abdulhamid001 wrote:Sure, family members are very supportive when it comes to starting out new business,but then it depends on specific role they can handle but at least would still reduce staff .


Yes that's the point exactly let them help out as you are starting out which they might help out free. This will help you save money in the long run.
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Re: Save money hiring a family member for your business

Postby Treborika » 10 Jun 2023, 04:50

It will depend on the person that you are dealing with. Some family members would come to robe your business and you can subsequently do nothing about them other than suffering losses.
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Re: Save money hiring a family member for your business

Postby eldavis » 15 Jun 2023, 14:03

This idea makes sense but it still depends. This family member is also human and probably have needs and things to carter for, meaning they might not be willing to work long under you cause they need money themselves, so they would want to work in a place where they would be paid.
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Re: Save money hiring a family member for your business

Postby Inem » 18 Jun 2023, 02:53

You have to be careful about this. Your family member can consume your business products anyhow after all you won't do anything.
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Re: Save money hiring a family member for your business

Postby SHAHID987 » 18 Jun 2023, 03:03

Hiring a person of your family member sometime causes many problems, and we need to give them payment too. So it's better to hire eligible person.
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Re: Save money hiring a family member for your business

Postby peachpurple » 18 Jun 2023, 08:58

Yugocean wrote:Family member isn't some thing for hiring.
Friends and relatives might be, but not family member with whom you live.


Yes you are right. Family members are more calculative than friends or relatives. They ask for more pay not the market price. Take things for granted
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Re: Save money hiring a family member for your business

Postby augusta » 18 Jun 2023, 11:08

SHAHID987 wrote:Hiring a person of your family member sometime causes many problems, and we need to give them payment too. So it's better to hire eligible person.


I agree with you, hire a family member but be sure the business can handle the role you want the person to do
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Re: Save money hiring a family member for your business

Postby crestcapital » 18 Jun 2023, 12:04

There is nothing wrong in hiring family member into a business provided he is capable of the role.
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Re: Save money hiring a family member for your business

Postby Kenti » 18 Jun 2023, 17:36

My sister was my assistant for so many years and she showed great understanding with our humble beginnings.
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Re: Save money hiring a family member for your business

Postby Nsikan » 23 Oct 2023, 05:25

Family members might tend to be more loyal to stay with the company for a longer time reducing the costs of having to rehire and train new staff often
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Re: Save money hiring a family member for your business

Postby augusta » 14 Nov 2023, 11:39

You can save money this way but be sure that it is a trust and reliable person. Don't just trust the person because the person is a family member
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Re: Save money hiring a family member for your business

Postby Kalayla » 14 Nov 2023, 17:22

In my country, you don't pay taxes on salaries and wages of family members working with you. And that is a direct cost saving measure.

-- 14 Nov 2023, 17:25 --

In my country, you won't have to pay taxes on the salaries and wages of family members working with you as independent contractors. That is a direct cost saving measure.
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Re: Save money hiring a family member for your business

Postby Fidelia » 14 Nov 2023, 18:38

Does this mean that one won't have to pay the family member the ideal salary for the job? The only positive about this is that your family member might not strike for delayed payment.
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