The Biggest Mistakes Family-Owned Companies & Small Businesses Make

Posted on August 1, 2014 Updated on August 1, 2014

One of the things that I’ve noticed in working with various companies on a freelance basis is how businesses distribute finances and allocate for expenses.

Unfortunately, the biggest thing that I’ve noticed is the show of favoritism especially with small businesses that are family owned. Because, there are several individuals who might be a family friend or someone who’s worked with the company for a long time (10-20 plus years.) Unfortunately, this means that these individuals end up getting overpaid hundreds, if not, thousands of dollars more to do what anyone can do. And let’s not forget, others can probably execute and deliver the product or project at a fraction of the cost. It’s like companies play favorites with long time family friends, which wind up causing further complications in the end. Read the rest of this entry »