Success is something that all entrepreneurs and wannabe entrepreneurs desire, yet it seems to elude most people — at least to the desired extent. So, what makes some business ventures successful while others fail?
The success of any business depends on several factors: habits, beliefs, passion, flexibility, attitude and, believe it or not, your relationships. There’s an age-old adage that goes along the lines of, "You are only as good as the company you keep." Human beings are hard-wired to be social, with the desire and need to connect with others. We thrive on healthy relationships; and yet, we often overlook the role of positive relationships in our success.
It doesn’t matter how hard you strive to be successful on your own; the people around you play an equally important role in getting you there. After all, they are the ones who remain your greatest advocates even when the going gets tough.
Entrepreneurship And The Power of Positive Relationships
Starting a business of your own is a challenging task — something that requires you to be in the absolute best frame of mind. It’s a road filled with uncertainties. This is a time when you need all the support in the world that comes from having positive relationships with those around you. It helps you feel healthier and happier as you take a plunge into the future. Strained relationships are harbingers of stress and anxiety, and do not bode well for your endeavors. Not having the support of your near and dear ones can hold you back from achieving your goals as well as hitting your milestones.
Relationships with your friends, family and those around you come with a mixed bag of emotions — love, generosity, kindness, and even hatred, envy or resentment. Both positive and negative emotions have the power to impact your successes or failures in business respectively. It is crucial to understand this and work on building your relationships first before venturing out in search of success.
Positive Relationships Are Fun And Build Confidence
If you are planning to be an entrepreneur (and in the process of starting a business from scratch), then you are probably already familiar with the challenges in store. It’s daunting, and quite possibly, you could end up spending all or most of your time worrying about building the brand and the business. No wonder, then, it’s a common belief that entrepreneurs are serious people who don’t have fun. Thanks in part to the troubles in the early stages of entrepreneurship — finding more money, managing resources and team conflicts — work-life balance can seem unattainable. However, daunting as it is, the life of an entrepreneur doesn’t need to be lacking in fun and enjoyment.
Positive relationships with family and friends can help you get out of the rut and help you relax. They can also help you build your confidence quickly, and enhance your creativity. Be as grateful as possible: For example, make it a point to note three positive things your partner did that day — something nice that they said, did something out of their love for you, or showed generosity to someone else. Despite everything, do this to remind yourself of what you appreciate about them. It will help you feel positive not just about yourself, but about your work as well.
Besides, if things take a downturn for a while, you need the extra confidence that comes from those who understand you recognize your talents even more than you do yourself. You definitely want to be in the company of positive people who comfort and guide you — people who support your decisions and encourage your efforts, even when the chips are down.
Having a successful relationship with those around you is a precursor to succeeding in business as well — a fact backed by evidence. According to Noam Wasserman, a Harvard Business School professor, it’s 'people problems' that sink most startups. He feels that 65% of all businesses fail, not due to under-capitalization or lack of planning, but due to conflict and relationship breakdown between partners. Strive to address any relationship issues as early as possible, before they get out of hand. Let people know that your trust in them will help overcome any difficulties over time, and together, you will prevail.
Relationships are complicated, and business relationships are even more so. The art of succeeding in business relationships stems from your experiences handling your personal relationships. Much like personal relationships, business relationships need a strong foundation. Positive relationships teach you the much-needed skills for succeeding in business — the skills of complementing and of mutual admiration.
Finally, you need to realize that personal relationships do not take a backseat as you prepare yourself for building your empire. Your business goals do not, after all replace your family responsibilities, daily routines and chores. Account for these responsibilities when setting out on your entrepreneurial journey. Having positive relationships as the guiding force behind starting your business will help to clarify your goals and the type of business you might choose to build.
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