Starting a business is daunting. So much so that, until recent years, it was seen as a pursuit for the business elite. Surely only big-time managers and entrepreneurs stand any chance at finding success? It sure felt that way when I attempted to open my own business about 14 years ago to sell home and garden decor online and via direct sales with the local businesses and homeowners in my area.
Possibly not. The increased reach of the internet and a growing desire to shop local are playing their part in helping even the most non-business minded individuals get a foot up. Forget big business credentials. All you need for success is a good idea and the drive to make it happen.
You may have noticed in recent years that just about every fifth person you see on Twitter or LinkedIN has included entrepreneur to their job title. There have also been a boost in the amount of family businesses out there, and that’s what we’re going to look at.
Starting an enterprise as a family can be a lot of fun. It’s also an amazing chance to help your kids turn their dreams into reality. After all, they’ll never struggle for a career when they have the family business to fall back. What’s more, you can rest easy that they’re heir to the company throne, and thus set up for life.
That’s all well and good, but you may be wondering what exactly your options are. What enterprise would prove the perfect set up for a family affair? In many ways, it depends on your family. But, we are going to look at some of the primary contenders.
The Food Business
Food is big business. Whether you grow it, sell it, or cook it; this won’t go out of fashion anytime soon. As such, there are a whole wealth of options here. Perhaps the most obvious would be to buy a farm. Farmers keep their land and businesses in the family for generations. If that doesn’t appeal, you could open a restaurant. All you’d need to do is find produce with the help of a company like Tridge, who deal in sourcing inquiries to get you the best deal. Then, you can put together a menu either using old family recipes or meals your family love to eat. Just like that, you’ll create a company your kids would be proud to put their names to.
Home Crafted Products
We love home crafted products. So much so that many companies rely on them to make millions. If you share a family crafting hobby, why not turn that into an enterprise? It might be that you all love knitting, or have a tradition of patchwork quilts. Either way, putting your wares out there could see you earning fast. And, all through a skill you’ve honed together as a team. That’s what we call a good family business.
A Local Store
You could even start a family-based store in your area. Whether you sell food or books, this could be the ideal setup for everyone. After all, there’s a good chance you have a soft spot for your local community. And, what better way to make your mark than to dig your heels in with a local store no one could do without?