My daughter, Sarah, wanted to purchase a horse of her own. As a parent, I wanted to encourage her to pursue this in a responsible way. She decided to teach horseback riding lessons as a way to earn money. Horses were a favorite pastime of hers and it made sense for her to teach what she loved.
Do your kids have a dream they’re chasing? Are you encouraging them to learn financial responsibility? When you hire your own kids to work in the family business, you are saving your company money and you are teaching your children valuable lessons.