I Hired My Mom
bradt.ca
I Hired My Mom
1–10 of 54 posts
Re: I Hired My Mom
#2Good for you. Hope it works out again!
Re: I Hired My Mom
#3What I got out of article, is that when you are one person company and do not want to do something boring, become a two* person company.
* Author calls this outsourcing, but I simply can't see that. If we buy that, we might as well buy that all other companies consist of CEO and a bunch of people he 'outsources' lower level things to.
Re: I Hired My Mom
#4I tried outsourcing my financials to my wife (who works in accounting) and it did not work out. Relationship wise it wasn't good but also found out after switching back that was happier and more productive doing it myself.
Re: I Hired My Mom
#5I tried outsourcing my financials to my wife (who works in accounting) and it did not work out. Relationship wise it wasn't good but also found out after switching back that was happier and more productive doing it myself.
what were the issues specifically with this if you don't mind sharing. My wife (who is an accountant) has been pestering me to hire as a contractor to do my one man business bookkeeping and for some reason, I keep avoiding that discussion. May be your story can give me some more insight.
Re: I Hired My Mom
#6Well, currently both my mom and dad are working with/for my company. My mom manages the full book-keeping of the company). My father, because of the general economical situation in Italy, was left jobless. So, as soon a position opened at my company i simply proposed him to join. He is the warehouse manager now.
The thing in working with parents, in case they eventually are accountant, is that they can access all the figures of the company (for the good and for the bad). Another aspect to consider is dealing with weird situations. They will do bullshits and you need to tell them, as you would do with any other employee. Dealing with this is not easy and requires a lot of communicative skills and entrepreneurial experience.
Re: I Hired My Mom
#7My wife does the bookkeeping for my business; she has the perfect personality for it, being financially minded and very much a details person. She was second-in-command to a CFO back when we were both working for other companies, and the CFO told me once that she basically ran the entire company's finances for him. I definitely wouldn't call this outsourcing so much as a huge lucky break. Every time I see her updating our accounts software (she prefers the simplicity of AceMoney to Quicken), I feel relieved.
Lately I've thought a lot about this: If I didn't have a tax person, a bookkeeper, a good freelance web developer friend, and a business consultant, I estimate that I would have gone out of business (a third time) about five years ago. The first and second times I failed in my businesses I had none of those things. Now I'm finding even more people to share the load whenever I find myself "in the grip of my inferior function" (Meyers-Briggs talk). The alternative seems to be depression, anxiety, and everything that comes with that.
Re: I Hired My Mom
#8this was very touching to read and it's encouraged me to do the same. I don't have a wife or a fiance but I would never entrust them with this kind of sensitive material because there's a real risk of relationships souring. With family it's easier to deal with and it's easier to communicate instead of trying to bury things in order to not ruin a marriage.
"Hey Ma, need you to stop hiding grocery purchases under company's funds, if you wanna keep your job"
"But I'm your mother"
"Okay, alright, just don't do it again"
vs.
"Hey babe, need you to stop buying expensive items under company's funds"
"fine, since you don't love me you can marry someone else"
"nooooooooo!"
Re: I Hired My Mom
#9I disagree: You caught a lucky break here, but you are the exception, not the standard.
Family/friends and money don't mix well. They will always ruin the relationship. I've seen it countless times.
Re: I Hired My Mom
#10Well, currently both my mom and dad are working with/for my company. My mom manages the full book-keeping of the company). My father, because of the general economical situation in Italy, was left jobless. So, as soon a position opened at my company i simply proposed him to join. He is the warehouse manager now. The thing in working with parents, in case they eventually are accountant, is that they can access all the…
"Dad, let's have a chat in my office"
"What's up son?"
"Nothing dad just need you to come in here real quick"
"..."
"It's about your career, I'm letting you go dad"
"You were an accident."
"Nooooooooooo!"