Many entrepreneurs face the challenge of balancing their home-based business with the demands of raising a family. Though this arrangement can provide its share of difficulties, it also presents opportunities to teach children the importance of work and get them involved in a positive way.

Start by gathering your family together to discuss the significance of your business. The experts from PMI Education suggest that you explain to your children that your business is how you earn money for their food, clothes and other essentials. Help them understand that the reason you work hard is because you love them. You can then ask them for ideas for ways that they can help contribute. For example, your children could help you clean your office or stuff mailers into envelopes.

If you have small children, it’s also important to establish clear rules for your work time. Set up your home office a room with a door that you can close, which sends them a clear signal that you are busy. Some entrepreneurs find it helpful to hang a picture or sign on the door to indicate to their youngsters that they are working. If a separate room with a door isn’t an option, you should consider using noise-cancelling headphones. In addition to helping you focus, they’ll provide a tangible sign to your family that you are busy with work.

By explaining to your children the purpose of your business, you teach them the value of a strong work ethic. And if they are old enough to help around the office, they can take pride in their work and feel that they are also contributing to the family.

An important decision many entrepreneurs face is whether or not to hire employees. An article featured on Bloomberg Businessweek addresses this issue and offers valuable suggestions to help you know when to hire your first employee. The article calls the hiring decision “crucial” and the experts at Professional Marketing International agree that it is a critical decision for any enretpreneur. Here are some factors from the article you should consider before hiring your first employee.

1. Is it necessary? Waiting to hire an employee is a smart strategy because it allows you to get a clearer picture of exactly what your needs are. Because most startups have limited time and resources, it is important for you to make a careful decision. A rushed hire often results in problems down the road if the employee’s background and references weren’t checked. Conversely, some business owners regret not hiring an employee earlier in their business, so if you know it’s necessary, just be sure to make it a careful and thoughtful decision.
2. Is it possible? Evaluate your cash flow and have your accountant do a projection of revenue for the next several years. It’s not only a prospective employee’s salary you need to think about – other considerations include benefits, workers comp insurance, payroll tax reporting and more.
3. Are there alternatives? For business needs such as marketing, bookkeeping and customer service, outsourcing is a possible solution. Hiring an intern from a local college is another possibility. These part-time positions allow you to gauge your needs and come up with the best hiring plans.
4. How will they contribute? If your evaluations suggest that a full-time employee is a necessity, hire someone who can contribute in multiple ways. Look beyond the immediate job description and hire someone who can wear many hats; someone who can brainstorm with you and bring wide-reaching value.