Small Business Management: Childs Pay :: essays research papers

This article was about owners of small origines and how they compensate their clawren who argon also involved in the family business. This article contained substantive points. Three signifi poopt points that this article made were about over compensating, market rate, and what is expected of the children to mold the family business.Over compensating may and may not be a unattackable thing. It may be high-priced in dishing an entrepreneur change their business because the child aptitude think that since they are getting paying more(prenominal), that more is expected of them. If they follow that rule the child go forth help out and benefit the business by going ahead and doing free beneficial things or merely going the extra mile. The downside however is that the child will do the complete opposite and not benefit the business at all.Market rare is also good in share an entrepreneur improve their business because it can help prevent the discharge or wasting of money. I think a child might benefit from market rate in a sense that they do not expect things to be just handed to them and that is a good quality to have. It can make them appreciate the value of a sawbuck and maybe even appreciate their job a little more. You can always give them incentives and extra gifts to add a little more to their pay as well and to make market rate not so bad for them.Lastly, what is expected of the child will help an entrepreneur improve their business because it will make their business run more smoothly and successfully. Having your child go to college, meet special qualifications or just do other things to learn more about the business will benefit the business, I think in a great deal.