My husband has been telling
me his interest in starting his own business.
He has been into his own
business before but he wound up his business because he said it is
tiring and stressful.
Now after he became employed,
he desire to go back again. I told him I disagree with
him.
He has many qualities of an
entrepreneur but he also has some dodgy traits that worries
me.
He is a good planner. Often
for many projects he has a very good Plan A in his mind. When Plan
A fails, he should also have a Plan B. But he do not always have a
Plan B ready on hand. He starts to get stressed up before finally
coming up with Plan B. I believe an entrepreneur must always be
prepared for the worst case scenario.
He enjoys working that
clearly defines his responsibilities and maybe the customers’ as
well. But he does not like to write things down or work with
contracts. He relies solely on trust and his understanding of his
customers.
He seldom takes advantage of
getting caught up with the latest happenings. So he does not do
upgrading of skills at all. He relies on his current knowledge and
skills as his asset. He does however enjoy learning by
doing.
He has a habit of being
punctual which is good. But it annoys him to no end that others
tend to think that appointments and starting times are just
suggestions or hints, not actual times. Previously he worked with a
partner that is not always as on the ball as he is. He gets very
stressed up. He is also often very eager to suggest how his
schedule goes and how things should be done to save
time.
Lastly, he gets very eager to
start up that he might simply just get a partner for his business.
The partner might be a friend he knows; might be someone of the
same field. But if the partnership builds up too much disagreement,
for example sense of time, the business might wind up
again.
How should I advise my
husband to convince him?
Men are bigger risk takers than women.
Some men take calculated risks, most women prefer stability.
Men often venture out of their comfort zone trying to make
something out of nothing , women only do so after they have secured
backings.
To start up a business, he can be a sole proprietor or private
limited company. No need to find a partner if he doesn't work well
in a partnership.
You and your husband seem to have a lack of knowledge in setting
up a company. Please educate yourself first.
No human is perfect. Not even the most successful
businessman.
You have insecurities that's holding him back. You will need to
resolve this first.
Are you worried about financial liabilities ? Are you worried
that he will squander/gamble away all the family savings and leave
nothing for you and your children ?
If you can afford, hire a independent financial advisor ( not
insurance or banking sales people) to help determine if venturing
out is a good idea . Your husband will be more receptive to the
advisor than you nagging him with your negativity.
Instead of fighting him, I suggest you work with him to figure
out something both you and your husband will be comfortable with.
Both of you will need to
compromise.
