Breaking the News: How to Tell Your Parents You Want to be an Entrepreneur
Copyright: Jesse Taylor Photography
Telling your parents that you’re ditching the 9-5 to be an entrepreneur can be a difficult conversation, especially if they have traditional career aspirations for you or have concerns about the risks involved in starting a business. Especially if they've been dreaming of you becoming a doctor or lawyer since you were a toddler. However, it's important to remember that your parents want what's best for you and are likely to support you in your decision.
Here are a few tips for having this conversation:
Be prepared: Do your research and have a clear business idea in mind. Be able to explain what you want to do, why you're passionate about it and how you plan to make it work. This will show your parents that you've thought through your decision and that you're serious about it. (Bonus points if you can make it sound like a surefire hit on Shark Tank).
Emphasise the benefits: Highlight the benefits of entrepreneurship, such as the potential for personal growth, financial independence and the ability to be your own boss (and never having to wear a tie again).
Address their concerns: Your parents may have concerns about the risks involved in starting a business. Acknowledge these concerns and have a plan in place to address them. For example, you can talk about your financial plan, the support you have in place and the steps you're taking to mitigate risk. (Don’t mention the emergency ramen noodle fund you have, in case the business doesn't take off).
Be open to their advice: Your parents may have valuable advice and experience to share. Be open to hearing their thoughts and consider their perspective. (Unless it's to go back to school and study accounting. Then you should probably just nod and smile).
Be respectful: Remember that your parents may have a different vision for your future and it's important to respect their opinions even if you don't agree with them. (Just remember, if they don't support your decision, you can always blame it on your terrible childhood).
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Overall, it's important to approach this conversation with honesty, respect and a willingness to listen. By showing your parents that you've thought through your decision and that you're committed to making it work, you'll be more likely to gain their support and understanding (who knows, they may even become your first investors!).