2021 has seen the world go through many changes. One of the most surprising changes was The Great Resignation. Millions of people quit their jobs due to how they were treated. Some left because of vaccine mandates while others simply left because they were fed up with the working conditions.
For many of these disgruntled workers, this was their opportunity to try starting their own business. While they were ready for the new challenge in their lives, family may not be as supportive. Some are vehemently opposed to the idea.
Getting Family To Support Your Dreams
Family can be resistant to your dream of starting a business for a variety of reasons. Two common reasons include the following:
- They don’t believe it will work.
- They are uncomfortable with you not having a guaranteed check.
Many entrepreneurs face the difficult task of getting much-needed support from those closest to them. This support can be critical for success: receiving encouragement from the people you love and respect the most can go a long way towards helping you achieve your goals.
Before even talking to your family about your business aspirations, you must understand their temperament and thought processes first.
Here are some of the top things you must know about family before attempting to get their support:
Step #1. Do They Have The “Employee Mindset?”
As mentioned above, some family members aren’t comfortable not receiving a steady paycheck. This could be due to the “employee mindset:”
- Have a set work schedule
- Receive a steady, consistent paycheck every 2 weeks for jobs performed
- They know what they can/can’t afford
- Budgets can be established
- Vacation/sick time can be used
- Expectations about finances can be established
This type of thinking has been ingrained in many of us since we were young children. People are literally groomed to be employees. This is the norm and anything outside of that could be considered strange.
As a result, when encountering someone who thinks outside of these traditional thoughts, the first reaction might be to try talk them out of it.
This type of information isn’t discussed in school, but being exposed to business and entrepreneurship at a young age could help people become more open minded to being their own boss. For this reason, we created the book Planting Seeds: The Children’s Guide to Entrepreneurship:
Step #2. Know the Support May Only Be Temporary
In some instances entrepreneurs get support, but that support is only temporary: if the business isn’t successful in a certain amount of time, that support begins to wane. People will begin to question if you’re doing the right thing. Others will suggest you quit and get a real job.
For new entrepreneurs, it’s critical they expect this to happen. We currently live in a microwave society, where we expect everything almost instantly:
- Text messages can connect us with anyone at any time
- Products can ordered online and at our doorstep the next day
- Social media allows a person to broadcast in front of millions instantly
Many of us have short attention spans as well: videos on TikTok or Instagram less than 10 seconds long can go viral with thousand (or millions) of views. The average Tweet is 140 characters or less.
Even though we live in a society where we expect fast results, success does not happen overnight. Consider the following:
- It can take businesses on average 3 years to become profitable.
- Apple Computer was founded in 1976 but didn’t release the Macintosh until 1984.
- It took Microsoft 6 years to land its first big contract with IBM.
- Amazon was taken public in 1997, not having its first profitable year until 2003.
While society loves overnight success stories, the reality is can take years for businesses to become profitable, and that’s normal. Making sure family understands this is critical.
Step #3. Are The Risk Takers or Risk Averse?
Knowing if family members are risk takers or risk averse is key. Individuals who prefer structure or shy away from taking risks may be very resistant to your business ideas because it takes them out of their comfort zones. As a result, they might be reflecting their fears onto you. People who are risk averse may tell you the odds of success are slim and not worth it, or it’s too risky.
Entrepreneurs tend to be risk takers. They relish taking chances and getting out of their comfort zones. Not everyone will see things this way, so it’s important to look at things from their perspective and take their advice with a grain of salt.
Remember: both you and your loved ones can be right about starting a business. Starting a business IS risky. You may not get paid for weeks or months. You DO have bills that must be paid. It’s extremely difficult to argue against these facts of life. This is where having the right strategy to have them see your perspective comes into play.
This means to know the thought processes of your loved ones. if you do, you may be able to persuade them to see your point of view and give you the support you need.
Change Their Mindset
The key to getting the help and support from family and loved ones is by seeing their point of view first. Once you can understand their thoughts and feelings, you can work on easing their fears or reservations about entrepreneurship. People want to be heard and listened to, so give them that respect. After hearing them out, the next step is to explain the potential benefits, and how they can enhance their existing beliefs.
For example, if a people are accustomed to getting paid every 2 weeks, explain how some businesses can allow you to get paid every 2 days or so. If they expect instant gratification, explain how companies like Amazon took years to become the household names they are today.
If they think you’re safer just getting a job, explain how you recently got laid off and there are few options that pay what you need to survive.
By listening to your loved ones and understanding their point of view, you could quickly gain their support.
Call To Action
Like any other endeavor, getting the results you want takes careful planning and preparation. For more great information on getting support from family, register for our online course Entrepreneurship: How To Get Family To Support Your Dreams, now on Udemy.
This course will provide the following lessons:
- Discover the top reasons family won’t support your entrepreneurial dreams and how to overcome them
- How to view things from the perspective of your family and how to use that insight to your advantage
- How to change your mindset of family members who won’t support your dreams
This course provides the tools to help you get the support of the most resistant family and friends.
By using the tools presented in this course, you could be one step closer to getting the support and encouragement you desperately desire.
Getting support from family may be difficult, but its not impossible. While no one can guarantee all your family will support your endeavors, you could get a select few to give you the boost you desperately need.
For a limited time only, registration for this course is only $9.99! Use this special link HERE register and get lifetime access! Register today!