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Re: Save money hiring a family member for your business

Postby eldavis » 14 Nov 2023, 20:09

Though a family member would be willing to help and support the growing business but still have it in the back of your mind that they are also sacrificing their time and so on. It would be nice to still give them something once in a while.
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Re: Save money hiring a family member for your business

Postby Pistis » 15 Nov 2023, 02:45

This would really work if you are running a business and have a dependent living with you. He or she can come help out instead of you hiring a staff. That saves you money.
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Re: Save money hiring a family member for your business

Postby augusta » 15 Nov 2023, 04:56

Fidelia wrote: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.

Yes especially when you are just starting out. You can have an understanding with the person for a period of time.
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Re: Save money hiring a family member for your business

Postby King Belieal » 15 Nov 2023, 05:33

eldavis wrote:Though a family member would be willing to help and support the growing business but still have it in the back of your mind that they are also sacrificing their time and so on. It would be nice to still give them something once in a while.
It would definitely not be free labour. But it can be a understandably reduced salary.
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Re: Save money hiring a family member for your business

Postby Nsikan » 15 Nov 2023, 06:19

Family members can even agree to defer their salaries till when the business starts seeing profits.
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Re: Save money hiring a family member for your business

Postby Tinni » 15 Nov 2023, 06:43

Have your younger sibling work for you and in exchange, support his or her education. It's a win win while you save costs.
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Re: Save money hiring a family member for your business

Postby JASPREET » 15 Nov 2023, 09:21

It can save us money and we can depend on them but there will be times when we may have conflict with them
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Re: Save money hiring a family member for your business

Postby Uty Theo » 16 Nov 2023, 03:06

You even have conflicts too with an employee who is not a family member. It is all about understanding. If it saves cost, it should be followed. Not all family members save cost being employees though.
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Re: Save money hiring a family member for your business

Postby Pistis » 16 Nov 2023, 04:38

augusta wrote: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
That's where the problem lies. The family member must be a very reasonable person for this to work out. I would say hire a person that just turned 18. Won't demand high wages.
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Re: Save money hiring a family member for your business

Postby JASPREET » 20 Dec 2023, 09:21

It is better to hire someone competent then to hire someone from family just to save money because it can backfire
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Re: Save money hiring a family member for your business

Postby Sunky » 22 Dec 2023, 06:51

JASPREET wrote:It is better to hire someone competent then to hire someone from family just to save money because it can backfire
it always backfires most times. They would work with sentiments and cause a drag on the flow of work.
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Re: Save money hiring a family member for your business

Postby JASPREET » 26 Dec 2023, 13:20

I personally does not fancy myself to do that as it will open gates for rifts, fights and that will spoil the relationship so better to hire professionals
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