7 ways to convince your family for a start up business

Convincing your parents to let you start up your own business can be one of the toughest things you will ever do. It can also be the smartest thing you end up doing before you need to get your business off the ground. While you may think that you are the next Mark Zuckerberg, you definitely need someone to keep you grounded. Who better than your parents.

Here are 7 ways you can use to convince them to get on your side.

1. Don’t get full of yourself. Show them that you know what you are doing. Talk about rational expectations that can be fulfilled within a six month or 12 month time period. Don’t talk about the riches and money that will pour once you make it big. In other words, keep it real.

2. Do your homework. Think it through, research and do your homework. This will make sure that your parents know that quitting a good gig for your own business isn’t something you are doing on a whim. Once you have done this, not only will your parents support your dreams but they can also prove to be valuable assets in getting your business off the ground. Be it expertise or connections they will probably be able to help you with a whole host of things.

3. See their perspective. Keep their perspective in mind and when you talk to them, be firm yet respectful. Use their insights and then make them understand yours.

4. Keep them in the loop. Shutting your parents out is the absolute worst thing you can do. You will always benefit from their insight and will always help you through stuff emotionally.

5. Convince them of your passion. Show them how badly you want what you want. Parents always have an appreciation of life, they will definitely admire the spark you have in you and help your dreams come true.

6. Be honest. Honesty is the best policy when it comes to any business. If you need money for the start up from your folks then this saying becomes even more important. Make your parents realize that no investment is ever free of risk and there is always a chance that it will not play out the way you want it to. Do not try to get your hands on their retirement funds and be completely transparent about everything.

7. Don’t gloss over problems. Make sure they know the problems associated with your start up. Being true and real with them is a favor you will be doing to them and you both. Telling them the issues that may come into play with inception will not only show them that you know what you are getting into but will show them that this is no hare brained scheme to you and you have thought about all angles about getting into business.

Your parents are the biggest pillars of support you have be sure to win them over. Good luck!

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