Doing Business as Family

Author - Katie Archer

The damaging cost of buying cheap

iStock_000010095923_Medium-2

Does the dollar section lure you in? It’s so easy to buy 20 things that only cost you $20. But it’s a trap! Impulse shopping is the slippery slope to waste and clutter. Not only that, but it puts a strain on your long-term goals, your state of mind, and even at times, your health. FamilyCo executives, don’t be lulled into bins...

A place for diet cokes (and everything in its place)

Cold glass with cola and ice cubes

Doing your own personal family bookkeeping sounds really awesome, responsible and fascinating…until it comes to confrontation time. Having to face the music on all of your small purchases and then categorize them is uncomfortable to us, because we love our treats, like Diet Cokes and cupcakes. But why bother feeling guilty about it? All...

Cost vs. benefit vs. vacation

Piggy bank sculpted in sand on sandy beach

We tend to plan vacations with emotion. But being able to cooly calculate in the cost of family trips is a reality that requires us to leave emotion at the door. And it sucks, because our kids are little only once. How do you decide between having money to live on, and making those wonderful summer-trip memories? It requires you to think like a...

Prepare your battlestation, part 2

iStock_000021255050_Medium

This is part 2 of Preparing your Battle station. The search for love is a journey of the heart. All’s fair in love and war. We’ve talked about the war, and now it’s time to fall in love. A battle station takes some physical prep for sure, but are you prepared for the mental prep? A smoothly-running FamilyCo doesn’t just...

Prepare your battlestation, part 1

iStock_000019695172_Medium

In the fight to become paperless, we’re kinda losing. Are you still dealing with paper? We all are, and it’s not about shredding and burning. Taking a step back to see what’s troubling you in your daily FamilyCo operations will give you an idea of how you’re attacking your paper enemies. Don’t let paper cover rock...

Erasing the guilt

iStock_000038250840_Medium

Those little bits of paper that we trade for goods and services have the power to make us feel shame, guilt, and loathing about ourselves. How did we grant money that kind of power? We should quit that. It doesn’t help us move forward, so I say just drop the guilt, and get to work. Emotions like guilt gets in the way of action. (Background...

Executive retreats are for parents, too!

Businessman by the Beach Getting Away From it All

Executive retreats aren’t just a vacation for CEOs. They’re important business meetings that bring the leadership team together to iron out problems. Would this work for a family, too? The CEOs of FamilyCo need the leadership team of Mom and Dad to be on the same page, so “retreating” is a great way to create some common...

Building a farm in the city

iStock_000061707944_Medium__1437354065_68.2.58.82

Ever thought about working a farm? You’re probably already doing it, if you’ve got a family, and you’re running a business. A farm isn’t always cows, crops, and corn. We use The Farm as a metaphor for discussing the intensity and commitment it takes to not only run a business, but getting your family to labor alongside you...

Budgeting is gorgonzola cheese?

iStock_000035064824_Medium__1436804109_184.186.220.120

Budgets aren’t so scary. They’re actually an amazing tool, the perfect accompaniment to the salad of life. Budgets just help you get what you want out of your money. When you think about it, they’re like gorgonzola cheese. Don’t you agree? (Background music: “Pineapple” by Podington Bear) file | Play in new...

Connecting with kids, your little employees

iStock_000018801108_Medium

Even though kids are little, we sometimes forget that they’re little. Not everyone at home is an adult who understands adult problems. Kids are like little employees – they need reassurance and empathy, too. I made a mistake at work once that led me to compare how I treat my kids to how I treat my colleagues at work. file | Play in...