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Successful business owners, did the people around you support your endeavors?

Posted on 1/20/24 at 6:04 pm
Posted by Kujo
225-911-5736
Member since Dec 2015
6015 posts
Posted on 1/20/24 at 6:04 pm
Out of college, I took a business to business sales job. In person cold calling new businesses.

I remember questioning many of the various small retail businesses in my head, “where did they get the money to waste on this business idea?”

My favorite was a bread pudding shop. That’s all they served, bread pudding, you had 4 flavors of hot bread pudding and 3 flavor of cold bread pudding.

It lasted maybe 6 months before it closed down, but there were countless other examples of one-off “restaurants” that you could tell almost immediately that it was doomed. (Oh, another burger place?)

My question is to those who have successful businesses. I don’t mean financial support, I mean did your family, spouse, friends, “mentally support” your decision to start your own business, or did they try to convince you NOT to risk it?

I’m trying to better understand if most people face opposition whenever they want to build something new, or if it’s more personalized….as in “you come from a family of naysaying pessimistic types”.

Did your friends and family support you or did you do it despite there gloom & doom cautions?
Posted by plaric
Pike Road, Alabama
Member since Jun 2011
2204 posts
Posted on 1/20/24 at 6:06 pm to
Did they support in the beginning? No.

Everyone wanted me to get a regular job and be “safe”
Posted by beerJeep
Louisiana
Member since Nov 2016
34997 posts
Posted on 1/20/24 at 6:06 pm to
I support your wife’s onlyfans
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8766 posts
Posted on 1/20/24 at 6:07 pm to
Hell no, but they sure want all the benefits it provides now
Posted by phil good
Baton Rouge
Member since Aug 2013
1540 posts
Posted on 1/20/24 at 6:08 pm to
I didn't really ask anyone in my circle if they supported it or not. Didn't matter. I was going to do what I had to do. Very thankful I took the chance.
Posted by BayouBengal23
BR
Member since Mar 2019
569 posts
Posted on 1/20/24 at 6:09 pm to
I can’t believe people support and encourage their friends to start another boutique in a shopping center, or a burger place in a bad area of town, etc… or how the bank supports them for that matter lol

I usually have support but my wife doesn’t believe it until she sees the dough lol
This post was edited on 1/20/24 at 6:14 pm
Posted by ILurkThereforeIAm
In the Shadows, Behind Hedges
Member since Aug 2020
481 posts
Posted on 1/20/24 at 6:10 pm to
I think about this a lot. I want to start my own business but am terrified of failing.

Most entrepreneurs I know were either very supported by their parents (just in general and therefore believed in themselves and had self confidence) or one or both of their parents were business owners/entrepreneurs so that was the norm for them.

Not saying this is true for everyone, but it’s true for most people I personally know who have their own business.
Posted by TJG210
New Orleans
Member since Aug 2006
28336 posts
Posted on 1/20/24 at 6:11 pm to
quote:

Everyone wanted me to get a regular job and be “safe”



Same, mine started from small hobby, got laid off after 2 months on a job (entire department got cut)…we were about to adopt a baby, but my wife just said help out and concentrate on the business. After covid I grew my business into a monster, though I’m sure everyone still thought I was crazy.

Now I’m starting to kick around ideas on new businesses to start.
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8766 posts
Posted on 1/20/24 at 6:14 pm to
If you fail so what?
Posted by TJG210
New Orleans
Member since Aug 2006
28336 posts
Posted on 1/20/24 at 6:16 pm to
quote:

I usually have support but my wife doesn’t believe it until she sees the dough lol


Same
Posted by TJG210
New Orleans
Member since Aug 2006
28336 posts
Posted on 1/20/24 at 6:17 pm to
quote:

I think about this a lot. I want to start my own business but am terrified of failing.


I know there are a lot of external factors at play whether you’re successful or not, but I firmly believe if you want it to work, it will work. Any entrepreneurial endeavor takes TONS of blood, sweat, and tears.
This post was edited on 1/20/24 at 6:20 pm
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8766 posts
Posted on 1/20/24 at 6:20 pm to
quote:

I firmly believe if you want it to work, it will work.


You have to be all in. I gave up my corporate job and benefits and I told myself there is no plan b, c or d. Had to figure out a way to make it work.
Posted by ILurkThereforeIAm
In the Shadows, Behind Hedges
Member since Aug 2020
481 posts
Posted on 1/20/24 at 6:20 pm to
quote:

If you fail so what?


I make good money working for someone else. And it’s safe, and I am valued (as much as anyone can be working for someone else). I guess I’m scared of throwing away a safe bet and negatively impacting my family if I can’t make it work on my own.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167195 posts
Posted on 1/20/24 at 6:29 pm to
When my first business attempt failed my dad, who had the same job for like 20 years at that point, told me to give up and get a steady job.

Later on, he was my biggest cheerleader but he never understood my desire to own a business. He grew up poor and believed in the stability of a steady job. He never took any risks but always made sure we had everything we needed.

I got my ambition from my mom's side which is full of business owners.
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8766 posts
Posted on 1/20/24 at 6:34 pm to
quote:

I make good money working for someone else. And it’s safe, and I am valued (as much as anyone can be working for someone else).


Say this out loud and listen to how silly it sounds. You’re making someone else’s dream come true. People will work 40 years for someone else but won’t try a few years of seeing if they can make their own dream come true. If there’s a business you’d like to start, go for it. In a few years it could be life changing for your family
Posted by Kujo
225-911-5736
Member since Dec 2015
6015 posts
Posted on 1/20/24 at 6:37 pm to
Sounds familiar.

Both sides of the family have successful startup businesses that produced millionaires (Tire shop in a new suburb 1980, air conditioning supply 1984, Dry Cleaning 1985, electrical supply 1988, another family member dry cleaning 1991, real estate company 2006 (still thriving), laundromats 2007)

But that’s more the boomer generational group. All their children work for other people.

Over the holidays, when speaking to the newer generations, there was a common theme of being discouraged from starting anything on their own and only received support if it was to step into their parents business or working for someone else.

It’s just a little peculiar to me. I’m older and established in my career, but hearing those in their early 20s speaking about it, it really kind of hit home to me because I remember experiencing that same negativity about ventures that I wanted to open that they were emphatically against. (Burrito shop 5 years before Zippy’s, a $95K ghetto condo now trendy worth $1.2M today & a $185K home worth $900K today, “don’t buy it, you’ll regret it”, a bar for $45K in an area where the just the liquor license is a minimum of $250,000)

I’m doing well, but it makes me wonder what might have been if I had people around me that were more encouraging vs dream killing.



Posted by Jim Rockford
Member since May 2011
98169 posts
Posted on 1/20/24 at 6:38 pm to
A computer you can carry around in your pocket sounded like a stupid idea at one time.
Posted by scottydoesntknow
Member since Nov 2023
1985 posts
Posted on 1/20/24 at 6:43 pm to
quote:

My question is to those who have successful businesses. I don’t mean financial support, I mean did your family, spouse, friends, “mentally support” your decision to start your own business, or did they try to convince you NOT to risk it? I’m trying to better understand if most people face opposition whenever they want to build something new, or if it’s more personalized….as in “you come from a family of naysaying pessimistic types”. Did your friends and family support you or did you do it despite there gloom & doom cautions?


Ive started 2...one drained away all my money and 3 years of my life. The next one was very successful.

The first one, I had "cautious support" with more caution than support. I should have listened to those older and wiser. They asked "how will your numbers work" and I just said id make them work. I also got a "strings attached" grant from the city. Worst decision of my life.

The second one ive had a lot of support because its a much better business that has numbers that make sense and I had lots of support. It has changed my life and is very financially successful

Moral of the story: if someone has logical based caution to your idea, listen to them and consider it, especially if they are older and wiser. There are others that are just "9 to 5ers" that are just averse to taking any risk. These peoples opinions are less helpful
This post was edited on 1/20/24 at 6:44 pm
Posted by PerplenGold
TX
Member since Nov 2021
1180 posts
Posted on 1/20/24 at 6:45 pm to
quote:

, I mean did your family, spouse, friends, “mentally support” your decision to start your own business, or did they try to convince you NOT to risk it?


I had been down sized so didn’t have to leave a job but everyone thought it was a bad idea. ‘Everyone’ worked jobs and never owned a business.

Be prepared for money related stress in your family. The first few years can be lean. The naysaying often gets worse. Owning has changed my family in very good ways but your arse is also on the line. Right now for example, interest rates & economy have me working for free. Employees get paid but there ain’t much left over.
Posted by Dubosed
Gulf Breeze
Member since Nov 2012
7040 posts
Posted on 1/20/24 at 7:03 pm to
quote:

I think about this a lot. I want to start my own business but am terrified of failing.



Are you single? Have kids?
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