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Tips For Running a Business With Your Loved One

Running a business with someone you love can be tricky at times but the many benefits that come with it far outweigh the challenges. My partner and I started our business together about 3 years ago and I can honestly say that it was one of the best decisions I’ve ever made. Having said that, there have been plenty of obstacles along the way and 3 years in, we’ve got a few tips that might help other couples who are starting out in business together.

We started our ecommerce business as a side project while we both had full time jobs. Over the years we gradually reduced our time at our jobs as the business grew. Now we are both about to make the leap into full time entrepreneurship and we are more than a little excited! Not only will we get to choose what we do when we wake up everyday, we’ll also get to spend the majority of our time together, instead of with work colleagues.

Here are some tips we’ve learned along that way that have really helped us to succeed in our business:

1)    Plan your life and business goals together. When your income and life are so intertwined, having life goals that are fuelled by your business success can be the best motivator there is! Location independence is one of the most motivating incentives for us and has helped drive us through the tough times. Connect something you want in your life to the success of your business and you’ll have all the motivation you’ll need to make it work.

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Working with Family Members

My husband and I purchased our company, River City Trees, when our youngest son was only 1 year old and have been working together ever since.  When we first started working for ourselves Bart was in the truck full time and I looked after the office.  Since then we have managed to grow our business, starting with Bart getting out of the truck in 2012, to now where we only go into the office three days a week.

The first family member we employed was our daughter. We have been fortunate to have her work with us while she is going through university, which has greatly benefited both of us as it has given her a great insight into how businesses run (she is studying Marketing at QUT) whilst she is helping us. She also recently converted our Operations Manager into a son-in-law who has now been working for us for 5 years.  Our son who is completing grade 12 in 3 weeks time has been doing a School Based Apprenticeship throughout years 11 and 12 in Arboriculture, which has given him the opportunity to work 1 day a week within our company and grow his skill set. As of next year, he will start working with us full time.

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Mother-daughter Businesses Share Their Secrets to Success

The relationship between a mother and daughter is often complicated. But some women choose to add a further dynamic to the mix, by starting a business together.

Jillian Intini and her daughter Casey Bryden began working together four years ago designing and manufacturing modern sun parasols for their business Sunbella.

“For us, it was a natural progression,” Says Jillian.

“As a nurse I was seeing skin cancers on a lot of women and I had the idea to design a sun parasol. At the same time Casey left her marketing job to have a baby, so we started brainstorming together and bouncing ideas around.”

“Our little family business is now bigger than we could have imagined a few years ago. We sell online, through retailers, we wholesale, hire and offer corporate branding options.”

“We’ve landed some large corporate deals with Peroni and the One & Only resort and there are some exciting opportunities coming up for us this year. I would not be doing this without my buddy by my side, plain and simple.”

The recently launched Willa In Spades brand are another mother daughter duo, with Amanda Wearn designing and her mum Beth King sewing each piece in the collection.

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