3 Ways to Foolproof Your Business from a Messy Relationship

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There’s no way you can foolproof a business, more so if it’s from a problematic relationship. You’ll just have to fix the relationship first. But no union is without its disputes and troubles, from minor squabbles to divorce-inducing battles, so it’s a tricky situation to be married and run a separate or joint business venture. Yet many couples have done it successfully, from the high profile Bill and Melinda Gates to your Mr and Mrs Neighbors who have been running a small business around the corner for many years now and have never needed a divorce lawyer.
What’s their secret? Have they found a formula for not fighting at all? Or do they just have set understandings of how to manage a thriving company and still quarrel? Here are nuggets of advice culled from psychologists, experts in family relationships and real life couples who are serial entrepreneurs and have managed small and medium business ventures with adequate, if not resounding, success.
The Separation of Business and Marriage
While the separation of business and relationships is and should never be absolute, business savvy dictates that problems in a relationship should not be carried over to the enterprise to the point that it endangers its operations and profitability. But this is better said than done, especially when it’s a joint venture and both partners report to the same office every day. It’s not easy talking to someone about work when you’ve just had a nasty spat with that someone at home. But it can be done, when you’re not fighting and can figure out how to have personal disagreements and leave it outside the company gates.
1. Have shared business goals with your spouse and agree not to let relationship difficulties hinder the attainment of these goals.Set boundaries for behavior at home and in the office. Make it clear that no matter how angry or hurt one or both of you are, you will not intentionally do something that is destructive to the company. Your marriage may be based on love, trust and acceptance but your company’s success is based on performance, effort and accountability.
2. Know and understand the legalities and liabilities that may arise if or when you decide to part ways.Laws differ in the US for divorce laws. California, for example, is a community property state, along with eight others. In a divorce, this means that all property and income acquired during the marriage is divided equally between the warring spouses. This will include the business, whether one spouse owned it before the marriage and it prospered and grew after the legal union. Naturally, if you owned the business before marrying, you’d want to protect it from being shared with an ex-spouse. There are ways to do this but the caveat is, these methods must be in place long before you have even thought of divorce. Although it will make you look mean and tacky, consulting a divorce lawyer even before saying your nuptial vows is actually a wise move.
3. Set a high salary for yourself.Most business owners would rather pay themselves a below-stabdards salary so that any income from the business is reinvested into the company. In the case of a divorce however, the low salary you gave yourself becomes a disadvantage. If you give yourself a low salary, your spouse’s clever lawyer might argue that the household did not benefit from your salary and he/she is entitled to a bigger share of the business. It’s a sneaky divorce tactic you should be aware of if you and your spouse own a company.

About Mildred Bean
Mildred Bean is an experienced consumer debt expert. She is lived through bankruptcy and founded a national credit counseling group. She is also experienced in all aspects of getting out of debt and a recognized authority on the subject. These days she spends her days writing about the debt relief industry, warning consumers about scams, and providing free debt help and answers through the my article. You can also find Mildred on Google+ .

3 Signs the Marijuana Industry Is Booming

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Content sponsored by Surna
In 2014 the smoke signals were plain to see: the marijuana industry was rapidly becoming one of the most exciting propositions of the decade. In a watershed year, the states of Colorado and Washington legalized recreational pot, with Alaska following close behind. Now, with the drug’s medical benefits being ever more widely recognized, public opinion has never been so positive.
“The implementation of recreational cannabis, in addition to medical cannabis, has been a catalyst for people to develop a more reasonable, informed perspective on the issue,” says Tae Darnell, VP at Surna, a marijuana engineering firm. “An analysis of the social effect of cannabis legalization has shown doubters that, in short, the sky won’t fall.”
In fact, when it comes to investment opportunities, the sky is pretty much the limit. Here are three reason why the pot industry is booming in 2015:
1. New Legislation Protects States That Legalize
The spending bill passed by the Senate in December 2014 contained an historic “marijuana measure.” This legislation, which forbids the federal government from impeding state medical cannabis laws, protects the 23 states that so far have legalized the drug in some capacity.
“For the first time, Congress is letting states set their own medical marijuana and hemp policies,” says Bill Piper of the Drug Policy Alliance. He calls the move “a huge step forward for sensible drug policy.”
Surna’s Tae Darnell agrees. “It’s a significant hands-off statement from the federal government. It’s a message to the general population and the market as a whole that this approach to cannabis is coming from the side of regulation, rather than criminalization.”
Previously, even in states where medical marijuana was legal, the Department of Justice was free to devote resources to raiding growers and sellers. Individuals involved with pot businesses could be arrested by federal agents, despite the fact that they were breaking no state laws.
The new legislation is set to change all that.
“It enables entrepreneurs and others to get involved more directly, confident that they have the government on their side when it comes to professionally run businesses that remain in strict compliance,” Darnell says.
2. Growing Markets
Thanks to shifting attitudes and declining red tape, demand for marijuana is growing steadily across a range of markets.
“The walls of prohibition are crumbling,” says Steve Katz, New York State Assemblyman for the 94th District. “Exponential growth of the industry is upon us.”
Researchers at the Harvard Business School have identified three blooming markets for legal marijuana: individual growers, medicinal users, and recreational consumers. So whether consumers are harvesting homegrown plants, picking up prescriptions, or browsing the well-stocked shelves of their local dispensary, opportunities abound for investors and entrepreneurs.
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About B.J. Hinshaw
B.J. Hinshaw is a freelance writer based in Davis, California. He holds MAs in cultural geography and creative writing, and has previously been manager of a small business in London, England.

Top 6 Email Marketing Tips For Small Businesses

By Brian

So, you have a small company and have a really limited budget plan allocated for marketing, exactly what do you do? Right here is a tip: Attempt utilizing emails as a device for your brand’s advertising. It is totally free and is still commonly utilized by blog sites, services web sites and online shops throughout the world.

Email lets you connect with your existing clients with ease and is commonly considereded as a fantastic way to convert possible customers in to long-term consumers. (more…)