Your family and closest friends are vital to the success of your business. Being an entrepreneur isn’t always easy – so you’ll need their full support. This is especially true when it comes to your spouse or significant other.
Here’s what you should discuss to make sure you’re on the same page.
- Financial risk. Most entrepreneurs start a business with money from their own savings. Together with your spouse, you need to agree how much you’re willing to invest in your dream. The rewards can be huge, but it’s important to remember that there’s no guarantee of success.
- Time commitment. When you launch a business, it will come before everything else, including your family. Business becomes top priority. This is tough, I know, but it’s better to be honest from the outset. Are your loved ones happy to play second fiddle while you’re putting everything you’ve got into making your business dream come true?
- Talking about business. As an entrepreneur, you’ll spend much of your time riding alone. Support from willing listeners can be essential for keeping your stress levels down. Is your family willing to let you vent when you get home? Conversely, if your spouse wants to join you in leading your business, how do you feel about that?
By talking through these issues, you’ll see whether you’re ready to face the challenge of launching a business, together.