Self-employment can provide a wonderful opportunity to shine and show the world what you can do. It can be a way to achieve a personal goal or vision, to self-actualize and feel good about what you are doing.
In the initial excitement of developing your ideas, your vision and goals, it is easy to forget to consider how your change of direction and focus will impact those around you. Your spouse or partner, your children, extended family and friends, as well as past professional colleagues will all be affected by your decision.
Before taking the self-employment leap, discuss your goals and vision with these individuals or groups. Specifically, your family needs to be kept in the loop as they will be directly impacted by your actions. Timing may be a factor as well as security. If you start a venture without the support of your immediate family, you can be setting yourselves up for some potential challenges. Starting a business can be stressful. Coming home after a stressful day to a family who does not understand or has not bought into the vision can be an additional stressor. Not to mention that if you are stressed at home this can be problematic for the family as a whole.
Before committing to starting a business or self employment, have a heart-to-heart conversation with those closest to you. They need to be on board and as an added benefit, they may want to actively participate which may provide a way to keep the family closer and the business stronger. If they don’t buy into your idea, think carefully about how this may impact the business and your life at home. Self-employment and entrepreneurship are as much a lifestyle as a means to generate income. Discuss how this may change your family’s lifestyle, both the good points and the not so good.
Take the time to have these conversations, before you make the move to self-employment. With the solid support of family and friends, you’ll have a much better chance of achieving your goals.
The Halton Region’s Small Business Centre is here to help you succeed in your business. Contact us by dialing 311, visit us online at www.haltonsmallbusiness.ca, email us at firstname.lastname@example.org or visit us at 1151 Bronte Road, Oakville.