How do I get the interest of my family to participate in my business? | Butz Bartolome

family business Butz Bartolome
Butz Bartolome shares business advice.

Getting the interest of your family to participate in your business can be challenging, but there are several strategies you can try:

  1. Communicate the benefits: Clearly explain the benefits of participating in the business, such as the opportunity to work together, build a legacy, and potentially increase family income.
  2. Involve them in the planning process: Ask for their input and ideas on the business, and make them feel like they are part of the decision-making process.
  3. Create a clear job description and expectations: Ensure everyone knows what is expected of them and their role in the business.
  4. Provide training and support: Offer training and support to help them succeed in their roles.
  5. Offer incentives: Consider offering financial incentives or bonuses to encourage participation and motivate your family members to put in the extra effort.
  6. Have family meetings: Schedule regular family meetings to discuss the business and keep everyone informed about its progress.
  7. Trust and respect them: Show your family members that you trust and respect their abilities and value their contributions.
  8. Be patient and persistent: Building trust and interest takes time, be patient, and continue communicating the benefits of working together as a family.

Ultimately, involving your family in your business can be a rewarding experience, but it’s essential to approach it with clear communication, realistic expectations, and a willingness to work together.

More advice from Butz Bartolome:

CHECK OUT the Philippines’ top mentor Butz Bartolome as he discusses business matters and SHARE THIS STORY with entrepreneurs and aspiring entrepreneurs who need advice.

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Armando Bartolome is known as the Philippines’ Franchise Guru, a mentor to numerous micro entrepreneurs who are now themselves big names in the industry. For questions and more information, you may contact Armando “Butz” Bartolome by email: Business.mentor@butzbartolome.com or his social media