Due to unstable markets and the ever-changing economic circumstances, applying for a loan has become the saving grace of many businesses. However, only a small number of business owners are able to pay back their debts given the lenders' high-interest rates. So, if your family business fell into debt and you want to figure a way out of this dilemma, the good news is that your problem is actually quite common, which means that there are many foolproof solutions you can try. The following … [Read more...]
7 Ways to Deal with Family Estate Disputes
Running a family business can be such a good opportunity to earn a steady income. Family businesses, however, do hit major challenges, especially in line with family disputes. Such disputes, if not amicably resolved, can tear the business apart. When resolving family business disputes, emphasis should be put on maintaining good relations between the family members. The dispute resolution mechanisms employed determines whether the business will stay together or not. Here are 7 key tips on how to … [Read more...]
