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Including Your Partner
By SherryD | July 8, 2009
Topics: Family Matters | No Comments »
Our family and friends are what make our lives worth living. When we embark on a new business it will directly effect those closest to us, in particular, a life partner. Discussing our plans with those who have importance in our life can provide an additional support system, which can help sustain us.
If you have a partner in life, include them in the decision process for starting your new business. This may seem like a no brainer, but many individuals subscribe to the policy that it is easier to ask forgiveness than permission. Don’t assume they understand.
In the beginning, most people don’t have a lot of ’spare’ cash to throw around. If they have a partner in life, they will also have time requirements for that relationship. Take the time to sit down with that person and outline what it is you would like to do.
Finances: There is no such thing as starting a business, be it a conventional business or on the Internet, with no investment. That investment will most likely come from either family assets or from a loan. By discussing this ahead of time with your partner, you gain their trust and also insight into their own level of comfort.
No matter how you define things, the initial financing will impact the household finances. It will be easier if your partner is informed. Give him/her the opportunity to help you define the budgetary boundaries to work in. Once the business is making a profit, it will supply the funds needed.
Time Constraints: Building a business requires an investment of time which can get particularly interesting if you are maintaining a regular job in addition to starting a business. Starting a business can be very time consuming. For many, there is a lot to learn in addition to hours of implementation. Your opportunity may involve participating in training calls, setting up and maintaining blogs, providing content for those blogs, advertising, bookkeeping and the list goes on.
Don’t forget to ‘pencil your partner in’. In other words, define a time when you put business aside and concentrate on your relationship. Your partner will find it easier to respect your need to attend to business if he/she is aware that there will be time built in for him/her.
Having an open discussion with your partner will help you both define boundaries and expectations that together you will be able to live with. A partner who knows that their opinion is valued will find it much easier to be supportive of your efforts.
A wise man once said that having all the money in the world is worthless unless you have someone you love to share it with. Is he right? You decide.
To Your Success,
SherryD
http://www.wbobr.com
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