James and Megan wrap up the Support Series with what is perhaps the most important and certainly the most personal area of support. It’s the reason we aren’t just playing in business…and why we can’t afford to fail. Thankfully, with their full support on your side, your chances increase dramatically.
Our topic: Spouses and Family!
Why is Spouse and Family support critical to the success of your business?:
- If you’re single, have no family, and no intention of having family, this may not be your favorite episode. We’re talking to small business owners who are married and/or have family members dependent on what they do in business.
- James and Megan share their family situations and how that intersects with their businesses.
What happens when you get your Spouse and Family onboard?:
- There is enough pressure in stress in business all by itself. That is only highlighted and intensified if the people who depend on you don’t support what you’re doing.
- It’s justified if you are being absolutely irresponsible and just wildly chasing a dream. But if you have a legitimate path forward and can make it work, you should be able to garner their support.
- Having that level of support and encouragement allows you to move forward with clarity and confidence.
How can you grow the level of support you get from your Spouse and Family?:
- Invite them into the business, at least so they can understand what you do. If it’s a mystery, it’s hard to be a fan.
- Show them the plans, the products, and the profits. A spouse is pretty much an equal partner in a business venture, even if they don’t want to be involved. Be open with the books and where things are going. Family members, especially children, may not be involved in the same way, but share what is going on so they can understand what they need to.
- Draw some personal boundaries. Don’t be all business, all the time. Force yourself to step away and be Husband/Wife or Mom/Dad at times. Establish routines for dinner every night, or activities every week so you can wear the hat that matters more.
- Assess your spouse and family’s level of support for your business, and why it is what it is.
- Invite your spouse and family into the business, to review where it’s at and/or take an active role (even if it’s a small one, so they feel like a part of it).
- Establish boundaries so you can step away from the business on a regular basis and be more than just the Business Owner.