"Hoopla Doesn't Pay The Bills"


I was talking with a good friend of mine this week and we were discussing this whole marshmallow thing. I told her that as exciting as all this hoopla has been, at the end of the month we still have bills to pay.
Its been a strange thing, really. Although we (as in Mike and I...mostly Mike) are putting in backbreaking hours to get the orders out (while Canaan and Ezra are at school so we can still have family time in the evenings) we have never considered the idea of taking any of Canaan's business money to help pay our bills. It just doesn't seem right. Although given the amount of time Mike has been investing in this growing company of Canaan's, he hasn't had much time for job hunting. Over the years this has really been Canaan's venture. He has been the one to put lots of hours into his company and as I have mentioned before, he has been involved in every aspect from the beginning. But school, tennis and playtime outdoors are much more important right now for our little 8 year old so he has slid into a CEO role quite well these past few weeks. He comes to The Homestead after school to oversee the progress and help for a bit to label the bags, help box up orders and the funnest part of all...taking them to the post office to send to our sweet customers.
The response that The Suze Orman Show received after the segment aired was enough to schedule a follow up segment we will tape in mid- April. The emails that have come in to Canaan and the company have been so amazing. So encouraging and so inspiring. We are very blessed that his entrepreneurial spirit has touched so many and encouraged many to step out and go for their dreams...no matter their age.
As you can see we are still working out all of this as we go along. Any great business advice for partnering with an 8 year old CEO of a son?

6 comments:

  1. Maybe the CEO would approve a salary for Dad?

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  2. Maybe the CEO could hire a executive vice president and appoint him with a salary or a percentage of profits. or maybe it's time to teach the CEO about the other side of money...it's earned to pay rent and bills...(ala the cosby show)

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  3. Most CEOs pay the advisers and managers and workers of their companies, even when they are family. It'll take some research into percentages, of course, but I think it's wise. One day he'll be hiring outside the family.

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  4. no advice...sorry. it sounds a bit stressful. i can totally see the dilemma you are facing and really feel for you.

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  5. I received my marshmallows order today and they are delicious! I was impressed by Canaan & your family on the Suze Orman Show and wanted to support your son's dream. Thank you for encouraging him! God bless your family.

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  6. i watched the segment....great job!!

    i hope all the best to canaan and your family!! :)

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