I heard this podcast a while ago- and it is the Zynnyme folks, so if you have not checked them out- they are wonderful! A quick side, they offer lots of resources and a newsletter that is really helpful- and FREE.
This particular podcast addresses money and our relationships. I find this topic really interesting, as we all come to relationships with money issues- then when we add on starting a business- just seems like a recipe for a lot more money ISSUES. This podcast inspired me to think more about the topic and has made me tune into what goes on in my relationships as I grow my practice as well as what my peers experience. Below is a glimpse of some of the issues I have noticed in my relationships and imagine others often deal with.
Setting and managing expectations: Probably the most important issue when it comes to money and our relationships is setting some clear expectations, maybe even boundaries. I listed this first because some of the issues below can be managed by setting and managing expectations! Whether this is around the role you want your partner to play in your business (as mentioned above) or even the expectations around when money will be made. Having some frank conversations can really help while you’re getting the ball moving- and long after!
Prioritizing: So starting a business takes up a lot of time. It is still obviously important to continue to prioritize our partners and other relationships we cherish during this start up process. It definitely could happen that our partners can develop some resentment as we end up treating our businesses “better” or give them more time. Obviously it might be that some weeks we prioritize our business because we have to. In all relationships it is helpful to communicate what is going on – and our needs.
Asking for help: Some of our to-do’s will be in our wheel house and some might actually be in our partner’s. Something that might be helpful is establishing a game plan for what topics you might like to get help with from your partner or even your friends. A game plan is important though, because asking for some quick feedback about the layout of a website is not an invitation to launch the business together.
Hope this sparks you to think more about how our businesses can impact our relationships.
Remember we chat about topics like this all the time at LAUNCH!