Proj235
Questions 1-5:
1. What tips can you offer Cooper and Schwinoff about family members who start and run a business together? Working with members of your family has the potential to be a very trying, sticky and challenging situation. It can bring out the best in you and your relatives--and also the worst in your working relationships. It can cause you to minimize or overlook errors or omissions that your relative commits, or it can make you excessively hypercritical and condescending. What pitfalls would you warn them to avoid? You know so much about the other person--you've been privy to intimate information about them.
• You've most likely had arguments or negative conflicts with them.
• You have years of experiences with them, both positive and negative.
• You know the other person's "hot and cold buttons," the thoughts, feelings and behaviors that reward, cajole and pacify, or punish, threaten and dismiss the other person.
• Maybe you don't like your relative or, conversely, you're very close with that person, which means you could either be overly critical or overly protective of them.
• You may provide too much supervision or teamwork--or you may provide too little.
2. Suppose that Cooper and Schwinoff had approached you when they were launching Zatswho concerning the form of ownership they should use. Which form of ownership do you recommend they use. Why? Legally, you can still create a general partnership agreement with a handshake - but it's not smart. Like any relationship, partnerships are fraught with opportunities for disagreement and misunderstanding. But unlike most relationships, once you enter a partnership agreement with someone, you're legally yoked to them until the partnership is officially dissolved. Using a written partnership agreement to formalize your partnership arrangement saves personal grief down the road because it allows you and your partner(s) to agree on how you're going to handle particular situations before they arise. It
1. What tips can you offer Cooper and Schwinoff about family members who start and run a business together? Working with members of your family has the potential to be a very trying, sticky and challenging situation. It can bring out the best in you and your relatives--and also the worst in your working relationships. It can cause you to minimize or overlook errors or omissions that your relative commits, or it can make you excessively hypercritical and condescending. What pitfalls would you warn them to avoid? You know so much about the other person--you've been privy to intimate information about them.
• You've most likely had arguments or negative conflicts with them.
• You have years of experiences with them, both positive and negative.
• You know the other person's "hot and cold buttons," the thoughts, feelings and behaviors that reward, cajole and pacify, or punish, threaten and dismiss the other person.
• Maybe you don't like your relative or, conversely, you're very close with that person, which means you could either be overly critical or overly protective of them.
• You may provide too much supervision or teamwork--or you may provide too little.
2. Suppose that Cooper and Schwinoff had approached you when they were launching Zatswho concerning the form of ownership they should use. Which form of ownership do you recommend they use. Why? Legally, you can still create a general partnership agreement with a handshake - but it's not smart. Like any relationship, partnerships are fraught with opportunities for disagreement and misunderstanding. But unlike most relationships, once you enter a partnership agreement with someone, you're legally yoked to them until the partnership is officially dissolved. Using a written partnership agreement to formalize your partnership arrangement saves personal grief down the road because it allows you and your partner(s) to agree on how you're going to handle particular situations before they arise. It