PLANNING CHECKLIST
Transferring the family business requires the family to make a determined effort to do the following...

BUSINESS STRATEGIC PLANNING
Strategic planning for family-owned businesses requires that you integrate family issues, such as...

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• Financial Freedom - There is no cap on your income potential as a home business owner. Since you invest all of the time and resources, you are entitled to all of the profits. Say goodbye to rigid pay scales!
• Flexible Schedule - It's difficult to squeeze in all of your personal errands around a typical office. Job. With a home business, you can schedule your work arould your personal and family activities.
• Low Overhead - If you are going to start a home business, you aren't going to find an office with lower overhead expenses anywhere else. With a home office, rent and utilities are already covered.
• No Commute - You can start your work day off right without having to endure stop-and-go traffic of the streets and freeways.
• No Boss - As a home business owner, you don't have to report to anyone- you are your own boss.
• Tax Advantages - There is a wide variety of expenses you can deduct as a home business owner. Consult with your accountant.
• Supplement Income - People who find that they are struggling to stay of debt, or even people who want a little extra spending money, often start part-time home business around their "day jobs."
• Staying Home with Kids - Not only do home businesses offer people more family time, but they also eliminate expensive childcare costs.
• Pursuing a Hobby - By starting a home business around a hobby, you will derive more enjoyment and self-fulfillment from your work.