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5 Tips on Avoiding Conflicts of Interest

New Member

I recently started an IT business. I fix and build computers for people. I posted in the marketing forum because I need help badly. I need some ideas for marketing. So far all I can think of that isnt too expensive is handing out fliers to businesses.

If anyone has any advice I would really appreciate it.

Posted : 21/04/2009 10:31 pm
New Member


1. Be aware that, in a small or family-owned business, special favors to family members and friends de-motivate employees and set a bad example.
2.Think twice about offering a contract to a supplier who is a relative. Award contracts on merit.
3.Avoid letting family members borrow company vehicles, and don’t allow your sister to ask the company computer wizard to set up her home office.
4.Don’t put family members on the payroll if they’re not working in the company or can’t make a real contribution to the business.
5.Think of the future. If you hope to seek investors or go public, dealings with family members outside the business will be questioned.


Topic starter Posted : 05/05/2010 7:30 am