When starting a small business, perhaps one of the problem most of us would face is the conflict it will create with the demands of your family. In fact, some people will throw themselves at their business, and altogether sacrifice their family. It can also be vice versa, where one feels the pressure and quits his business for his family. But the question is, can these two co-exist?
Every family is different and not all are on the context of a typical family portrait but in fact have lots of conflict in them such as jealousy, resentment and are what psychologists referred to as dysfunctional. If you have this type of family then better to stop now than suffer the consequences of emotional strain.
In order to balance between them, it is important that you talk to your spouse of the difficulties that lies ahead. If the spouse is not supportive, then you’ll have trouble later on. Those who are lucky enough would have their spouses involved and take part in managing the business and family.
One important thing to remember is not to spread yourself thin and know when to delegate the job to another. Delegating frees up your time that will enable you to spend time on other things.
One harsh reality when running a small business is to ask yourself this question: Is the business worth the trouble and give up your peace of mind and family? Put it another way, you can ask “Should I pursue my dreams even if it meant spending less time with your family? “It really depends on how you see the situation, however, as having the money to spend on basic necessities and put them through college is more important.
Somehow, we need to balance the needs of our family and our business. For me personally, it is usually family first before business. Those events in your child’s life can have an impact on their lives as a whole and missing them for some business is just not worth it. Hopefully, my child is young enough not to remember that I wasn’t there when it happened. But the truth is, I always feel guilty when I skipped one of their activities in school.
So, the important thing to remember is the ability to use resources and delegating tasks. In the beginning, there will be some issues but will all be sort out if we persist and create a time management plan. Good luck in having both your business and your family. Balance them and always remember not to stress yourself too much.