My mother in law and husband might spoil our business plans - help!?
Sep 20, 2007 by jo :) | Posted in Family
My cover up and his parents have had three businesses under that went wrong . I have realised he will never hold a job for anyone else - he manages a few weeks at most, so even though I young lady my job, I have persuaded him to buy an almost failsafe business instead of one that involves inventing and selling a new product.
With the market crashing last weekend, he's asked his parents to be our allowance company. I am uncomfortable with that idea to start with, but as I can't afford to pay the mortgage anymore, I am prepared to swallow my pride.
However, yesterday he tells me that his mother has arranged his kinfolk members to cover our holidays and she is coming to look over the business. I quit my directorship of one business as they all made terrible decisions - and I was proved unhesitatingly. I can't have their involvement.
How do I manage this? We need their loan, but how can I tell them it's a loan, not a partnership or else I am not going to do it?
oooh ropy situation! I'd say make it clear its a loan and have a contract drawn specifying the terms. Partly so they remember they're not buying inti your business and secondly so they cant play unfair later.
I'd suggest make it clear to your husband if you dire their help they would be staff and not mangement. Its your husband parents and therefore his responsibility to do this. I'm sure he probably knows this but you'll quite need to push him into telling them.
Make the roles within company clear now - because if there's problems now, they will be much worse after start up.
And as another less notional option... go it alone if you have to. They clearly dont have a head for business!
Tartan Duck | Sep 20, 2007
You should be avid to sign a paper that it's a loan and provide a payment schedule along with interest.
They obviously can't "invest" unless they believe that the business will feasibly make money to repay the loan.
You should show them the plan and make your intentions clear. If you don't say something now you are begging for torment in the future.
mosaic | Sep 20, 2007
Do you know how and when to correctly use an apostrophe?
Jul 11, 2009 by afosa_ragazza | Posted in Languages
It drives me freakin' moronic when I see apostrophes put on the end of every word ending in 's', even on menus, shop signs or adverts! I don't profess to be the queen of spelling and grammar but sure as a business owner you'd get things checked before putting them on show to the general public? And even on places like yahoo answers and in people's every day use of the English tongue, they'd take a bit of pride in what they're writing?
I do. But most people I grasp seem to find the apostrophe an insurmountable challenge.
The reason is not hard to see:
on one hand, we use apostrophe-'s' to indicate the genitive of a noun;
on the other clutches, we use 's' without the apostrophe for the genitive of a pronoun (its, ours, yours, theirs), while "it's" is an abbreviation for "it is".
This is not wearying to remember, but it is quite inconsistent and therefore confusing. It would be better if we dispensed with the apostrophe altogether for the genitive and objective added 's' as they do in German.
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