Do You Run Your Business Like You Run Your Household-Part 1
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Do You Run Your Business Like You Run Your Household-Part 1
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Running a business like a household can provide structure, but it is generally advisable to treat them as distinct entities to ensure professionalism, financial, and emotional success. While applying household principles like budgeting and communication can improve efficiency, applying a business-style, unconditional "family" culture to a company can create toxic boundaries, reduce performance, and hinder necessary decisions like firing employees. Tune into this episode to see if running your business like you run your household is the right thing to do.
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