10 Ideas for a Family Business

Family business is quite a traditional phenomenon: the Rothschilds, Rockefellers, or, for example, the modern brand L`Oreal – these are all examples of family businesses.

Family here is not only in the inheritance of capital, it is including joint work on the organization and development of business.

A significant role in the success of many Western families was played by Protestant business ethics, which regulates the basics of interaction with partners and employees.

Next, a few simple ideas for the family business.

Establishment of an employment agency. It does not require a large initial capital. The most important thing is to organize an office, to create an initial base of employers who are ready to provide real jobs, as well as job seekers. The agency must satisfy the requirements of one and the other side, while earning interest. Often, the percentage is taken from the first salary and rarely exceeds 20%.

Let’s take provision of services, for example, cosmetic repairs of apartments and offices. The husband can do most of the work – work with gypsum cardboard, an electrician, laying a laminate or linoleum, leveling the floors, and the wife will do an easier job – plaster, pasting wall paper, and will also act as an auxiliary worker.

We present to you 10 ideas for a family-owned business:

  1. Trade. The most popular and simple idea for a family business. It is important to share the responsibilities of everyone. One is engaged in purchasing, the second – can sell goods at the outlet or look for customers and take orders at home.
  2. Internet business. Create a website, an online store, an Internet service, and then jointly lead, fill and serve it.
  3. Growing vegetables, fruits, greens. One can engage in direct planting, the departure of crops. And the other – their implementation, the search for customers. In the case of the establishment of greenhouses, the work will be year-round.
  4. Growing of farm animals. The list of products of implementation here is quite large. Meat, eggs, milk, fat, wool, leather, down, feathers.
  5. Opening of a fast food restaurant. A serious business plan is needed here. It is desirable that one of the members of the family understand the bookkeeping. Additional option: delivery of meals to offices.
  6. Opening of a private kindergarten. Or simply establishments for employment by creativity, games, where kids can grow up away from their busy parents.
  7. Organization of solemn events. Decorating rooms, writing scripts, acting as hosts, animators, organizing contests. The more grandiose the event, the more additional assistants are required.
  8. Rendering of various services. Repair of different levels, cleaning of premises, courier delivery.
  9. Handmade. Made by hand original high-quality crafts can be very profitable to implement. Advertising plays an important role here.
  10. Manufacture of food products. Rather, we are talking about home-made cakes, confectionery, pies, sausages, and etc.