Ending a marriage is never an easy decision to make. The mental, emotional, and financial damage that it leaves spouses and their children can take many years to heal. One of the messier aspects of separation involves dividing the family assets between separating spouses. Regardless of whether exes end a marriage amicably or not, getting the help of a family attorney is strongly recommended especially if they share a business together. [Read more…] about The Impacts of Divorce on a Family Business
Law and ethics
When an Employee’s Personal Problems Affect the Job
When things aren’t right at your employee’s home, it can spill over into work and affect performance and your bottom line. Helping your employee sort out some of the issues can help improve things for your company, but there’s a line you shouldn’t cross when it comes to dealing with an employee’s problems outside of work. Knowing what you can do – and what you shouldn’t do – is essential when it’s time to tackle performance issues with a valued employee. [Read more…] about When an Employee’s Personal Problems Affect the Job
How Businesses Can Ensure a Safe Work Environment
Business owners must always provide a safe working environment regardless of the number of employees they have. This is an important step in retaining workers, ensuring their health and improving productivity.
Creating a safe workplace may involve some investment on safety equipment and other tools but the benefits are for the long term. Additionally, the beneficiaries go beyond your staff as they can also include your customers and the general public.
When a work environment is safe, business owners can also prevent injuries and diseases and promote the well-being of their workers. [Read more…] about How Businesses Can Ensure a Safe Work Environment
Relationship Risks Couples in Business Face
Many couples passionate about providing products and services that meet people’s needs are often successful in running their own business. Although they may assume different roles, their support for each other keeps the business in good condition. Those who work as a team are more likely to sustain their enterprise for the long term.
In the U.S., about one-third of all family businesses are managed by husband-and-wife teams, according to a report by the Wall Street Journal. But analysts warned that difficulties are part of this kind of business situation notably as couples need to juggle between their work and personal life and face the trials that come with operating a business. A study done by a North Dakota State University small business specialist revealed that stress is a major problem faced by “copreneurs” and this has led to the closure of their enterprise and the end of their marriage. [Read more…] about Relationship Risks Couples in Business Face