As you begin putting so much time and effort into your startup, the amount of time and energy you’re putting in can start to feel a little overwhelming and confusing, but you may have more insight into the process than you think. Trying to get a new business off the ground has some uncanny similarities to being in a long-term committed relationship. Here are a few dating business tips to make your start-up successful.
Investment of Time and Energy
If a relationship is going to work you have to be fully invested, putting in enough time and energy to help the budding romance thrive. It has to be a top priority, and you have to be dedicated to its success. The same goes with your start-up. If you are going to start a business you need to be willing to devote the resources needed to get the job done, because nobody else will. You need to be committed to this business, and only this business. Don’t let your eye stray to other opportunities. Focus on always making improvements and you’ll both grow together.
Choose Your Co-founder Carefully
If you are looking for a business partner or co-founder, choose wisely. You may initially be searching for the person with the right college degree, the most experience, or the best sales skills you’ve ever seen. You may want to think again.
Obviously you want a co-founder with skills, but if you look at your start-up like a long-term relationship, you’ll realize that you are going to be spending a lot of time with this person. You need to find someone you get along with and has personality traits that match or complement yours. It should be someone who can work through emotional difficulties, sort out financial problems, and be someone who you aren’t going to get sick of seeing day in and day out.
Ups and Downs
Every relationship has ups and downs, and so does every startup. One minute you are positive this business is taking flight and going to make you the millions you always dreamed of. The next minute, everything comes crashing down and you wonder if you are going to be able to keep your head above water.
The best advice I can give regarding the ups and downs of a start-up is to know they are coming. A couple should not end their relationship because they had one argument. Likewise, when you hit a bump in the road or a few problems with your startup, hold on. They pass—usually. You can overcome the hardships and the company will be all-the-better for it.
The Small Stuff Matters
In a relationship, the small stuff matters. It matters if your partner saves you the last piece of chocolate cake. It matters if they offer to rub your feet after a long day at work. And, alas, you realize that the whole reason the relationship is working is because of all the small stuff that added up to mutual attentiveness and caring.
A start-up is the exact same way. You begin with a big picture and a huge goal, but you find that the daily grind is what takes over. You have so many small tasks to cover to make sure things get rolling and keep running smoothly. They may seem tedious and often uninteresting, but they are what will keep your business moving, growing and succeeding.
Sometimes You have to Play Games
Without compromising honesty, sometimes you have to play games. If you want someone to be interested in you, you may have to play a little hard to get. You may have to flirt a little then, seem a little uninterested at your next encounter.
Startup founders sometimes have to play similar games to find success and drum up interest. Whether you’re trying to attract new customers or court investors, a little (ethical) game playing may be required. Remember that your presentation is just as important as your product. Your attitude, staging and performance are often big selling points. Flirty sometimes and backing off at others can make a big difference in how you’re perceived.
Cut Your Losses
Not every relationship ends with a marriage proposal. Even if both people are great, sometimes things just don’t work out, and it’s better if they just go their separate ways. The same goes for your new company. Sometimes things just don’t work out, despite all your best efforts. This doesn’t mean things won’t ever work out for you in busines, or that you will never have a successful idea take off. It just means that you need to know when to cut your losses and move on to the next project.
Relationships require a lot of work, and if you’re not committed to seeing it succeed in the long run, you’ll end up facing problem after problem. If you’re ready to jump into a new business, be prepared for all the ups and downs, stay focused, and be ready to compromise when the situation calls for it. And above all, cut your losses before things become dysfunctional.
Mike Mann, social activist and serial entrepreneur, is the author of MakeMillions.Com, a business book focused on making money in small business in order to better serve society. Read or download the book today for insight on his philosophy on wedding entrepreneurship and charitable goals