A Small Business is Always a “Family Business” – even if no other family members are employees!
In this economy, many people are making the choice to hang a shingle for themselves; to start their own company or consulting business. If you’ve never been a business owner before, I can assure you that this endeavor is much bigger than you can possibly imagine. In addition to the “tasks” associated with your business, you also have to run the “company.” It’s stressful, very time consuming, and not a decision you would want to be forced into.
But, that doesn’t mean that the result cannot be positive! People who run to their businesses with hope and open arms frequently fail. Those who step into a business for survival are just as likely to succeed. Even though it’s not a path you would have originally chosen for yourself, it could be the best thing that ever happened to you.
Starting a new business is a risk. It’s a huge risk if you have a family dependent on your income. Not only could you not make money with your new business, but it could end up costing you money. In that situation, business owners often try to shield or protect their family from the stress and pressure associated with the new business. What that means is that they sugar-coat the truth, simply don’t discuss the issues, or – worse yet – outright lie about what is going on.
If you have a spouse/partner and are being “forced” into starting a business, one of the worst things that you can do is not openly communicate with that person. Keeping them in the dark is not protecting them. Further, you need that person’s support when things get tough and it’s impossible for your spouse to be there for you if they don’t understand what is happening. Lastly, having another set of eyes and ears can help your business.
The success or failure of your business affects your family. Your family is involved whether or not they’re on the payroll. Open communication is key and the support of your family is the secret ingredient to not only success, but also a happy business!
Starting a new business is a risk. It’s a huge risk if you have a family dependent on your income. Not only could you not make money with your new business, but it could end up costing you money. In that situation, business owners often try to shield or protect their family from the stress and pressure associated with the new business. What that means is that they sugar-coat the truth, simply don’t discuss the issues, or – worse yet – outright lie about what is going on.
If you have a spouse/partner and are being “forced” into starting a business, one of the worst things that you can do is not openly communicate with that person. Keeping them in the dark is not protecting them. Further, you need that person’s support when things get tough and it’s impossible for your spouse to be there for you if they don’t understand what is happening. Lastly, having another set of eyes and ears can help your business.
The success or failure of your business affects your family. Your family is involved whether or not they’re on the payroll. Open communication is key and the support of your family is the secret ingredient to not only success, but also a happy business!
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