Ask…

Share your views on hot topics

Family ties and helping hands

May 19, 2009

Unlike their big corporate brethren, small businesses have one key advantage they can tap when the going gets tough: family.

In a pinch a business owner can turn to family members and ask them to help out. A quarter of small businesses have a family member working for free, according to the American Express Open Small Business Monitor.

What do you think? If you’re a small business owner, what role does family play in your business?

Comments

Flexibility is the magic word.

 

I agree with Nikkei 225, there is a sharp rise in home based small businesses, many of them ran by women. Flexibility, a low overhead and no need to hire external workforce is a big plus and helps in maintaining a viable business. Family rules!

 

When starting a business you need all the help you can get, especially if you start small with limited funds.

Friend and family are crucial when they give you time, finance and/or support.

When you start out small, this will make all the difference and in a lot of cases this is the difference between success and failure.

 

I am a 66 year old small business woman that has watched my freight broker business go down the tube. Big companies are not moving freight. My family cannot help, as their business’s are having the same problem, as mine. I have watched my saving go week by week. I think the small business people have been forgotten. I want to know what is being done to help us? When you watch billions of dollars being given to other countries, I said
give the money to the American people,not to the people who use the money to buy weapons to fight against us, or pad the own pockets.

Posted by Upset | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •