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How to Run a Successful Business with Family and how Zaf Baker does it

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Keep family and business separate. We’ve all heard this sort of advice about how it is deadly and dangerous to involve family and friends in our business as it is bound to lead to collisions, fights, and in some cases, permanent destruction of both the relationships in the business. However, we have seen many instances in which family and friends are able to do business together and still drive.

A good example of this is Zaf and Adam Baker, brothers who run both a property business and a car dealership. The two have been in business for years and have seen mammoth success and are able to balance being both siblings as well as business partners, proving it can be done. Obviously, the situation between the Baker Brothers is not always the norm as there are instances of people who have had relationships destroyed by bringing in family and friends into business. If you are considering this route, it can be done.

First, it is important to look into the relationship itself. A quick peek at Baker’s social media will show that he and his brother are very close and according to recent interviews, they have been very close from a young age. If your relationship between you and your family member or friend is already tumultuous, it will only be heightened due to the pressures of running a business together. If you are thinking of starting a business with someone, make sure it’s someone you already have a good relationship with.

When you do find this person you have a good relationship with and want to go to business with, make sure it is a slow transition in the beginning. The Baker brothers did not start their empire off the bat. Instead, they began their career with a wholesale car dealership and then transitioned it by expanding the business into real estate. Starting with a single project or business venture will give you and your family member the chance to get to know each other as business people as opposed to siblings or otherwise. This means that many of the clashes and teething problems and other issues will be sorted out in the beginning as opposed to popping up later and causing bigger issues.

When you begin working with a family member, make sure that all the rules and roles are defined. For example, Zaf Baker is known as the more outgoing of the two brothers and has a very prolific social media presence which also promotes their business. When you are starting your business venture with a family member, decide ahead of time who is going to do what and make sure that each person is allowed to do their work without consent interference. Especially if there is an age difference or seniority, it is easy for one party to feel slighted. Instead, if each person is given a defined role and not constantly hovered over, the business will likely thrive.

Furthermore, business and pleasure time should also be clearly defined. In the confines of your business, it should be very clear that you are partners first and foremost and ensure that each partner works professionally as though they were working for or with a stranger. Outside the office, however, try your best to keep the personal relationship alive by engaging in the activities you have done prior. One of the issues that many people often have when working with a family member or friend is that they either lose their business partner by trying to maintain the relationship or lose their friend by trying to keep things professional in the workplace.

The key is to find a balance between the two for all involved. A quick look at Baker’s Instagram to grow will show you that the two brothers play as much as they work. His Instagram has shots of them traveling around the world, meeting some of the biggest celebrities in the world, engaging in many hobbies and partying. They also often seen with other members of the family traveling which shows that their relationship has not been harmed by the business partnership.

Finally, it is important to acknowledge when this sort of relationship is not feasible. It must be acknowledged that not every relationship can work in a professional setting and this is perfectly fine. There is no benefit in trying to force it if the flexibility does not exist. If it does exist, however, make sure to apply all the above rules to ensure the best possible results not just for the business but also for the relationship that is in question.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Ecommerce guru Ludovico Apollonio Talks on Ways To Overcome Stress as an Entrepreneur

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Ludovico Apollonio is a digital marketing genius. He is well known for his advanced digital marketing and sale techniques which have been proven to help brands grow and become more profitable. 

Just like every other individual, Ludovico had his share of roadblocks on his road to success. Being a millionaire at age 29, he has had to overcome a lot of stress and anxiety to achieve the success that he has today.

The life of an entrepreneur can be so stressful and overwhelming. There are times when you go through rigorous negotiations just to get a deal signed. All this makes you wonder if it is worth it. Little wonder a lot of entrepreneurs quit their startups due to being unable to take the pressure. When the mind starts to burnout from mental exhaustion, it causes the body to experience physical exhaustion. That’s when the constant pressure finally catches up with you. 

Take it one step at a time 

Learning how to manage your stress takes a lot of practice, but you can and need to find a way to handle it as an entrepreneur. To Ludovico, focusing on his obstacles one at a time and addressing the most pressing problem first was how he taught himself to deal with stressful situations and not let them limit his capacity for greatness.

A lot of people focus on too many of their problems at once, which is why they get stressed out so much.  It is better to focus on one thing at a time. Enjoy it, and take the most pleasant memories of it into the next experience. If things get too overwhelming in your life, Bachr recommends taking a break from your troubles by engaging in something relaxing or satisfying. 

“For me, I like to travel, meditate, and exercise as a way to escape my stress for a while. You’d be amazed at how much better you will feel afterward,” says Bachr.

Stay Focused and Dedicated

The road to success involves working through each step to arrive at the next one, with each step motivating and inspiring you to press on without fail. All successful entrepreneurs have dealt with obstacles before. It is the way you get around those obstacles that will determine your level of success.

Ludovico would never have been successful if he wasn’t determined and dedicated. He was passionate about his career and gave all his best shot to become a  successful digital marketer today.

The majority of the important things on earth have been accomplished by individuals who kept on trying and stayed dedicated because nobody else would have done it for them. Ludovico offers the following advice on how to keep focus.

“No matter how tough things get, do not give up on your goals. If you have to find a mentor who can guide you through times of difficulty and uncertainty, then do it.”

How Ludovico climbed the ranks to achieve the monumental success he has today?


Today, Ludovico has started numerous successful businesses both online and offline and he started his marketing and consulting agency that teaches other entrepreneurs the skills they need to succeed.

The biggest takeaway I got from learning more about Ludovico Apollonio’s story is to stop trading your time for money, learn how to make money online, and to surround yourself with the right mentors in life. Ludovico Apollonio’s story is truly inspirational and he is definitely one of the top 30 under 30 entrepreneurs to watch out for in 2021.

 

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