There were lots of things I loved about becoming self-employed when my entrepreneurial journey began, but near the top of the list had to be my newfound ability to drop my kids off and pick them up from school. I loved that.
Being a parent is a full-time job, and there are a lot of adjectives that describe it: fun, exhausting, frustrating, time-consuming, rewarding, joyous, and everything in between. For a lot of parents – especially new ones – it might seem like there aren’t enough hours in the day to do anything extra. I certainly don’t miss that sleep deprivation.
One thing I’ve learned: Fatherhood is a very good precursor to entrepreneurship. So, on this Father’s Day, I want to salute all the “dadpreneurs” out there – both the ones who own their own businesses and the ones who don’t – because it turns out that if you are helping with the kids, you are an entrepreneur in training.
In fact, if you are thinking of starting a business, know that your fatherhood can bring forth your entrepreneurial ambitions. Here’s why:
Fatherhood requires teamwork: If you are married or have a significant other, you already know parenting requires cooperation and compromise. Knowing how to let go of your ego and make joint decisions is an essential part of parenting…as well entrepreneurship.
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Many successful businesses have more than one co-founder. This is a simple matter of “two heads are better than one.” If you already know how to recognize your own weaknesses, acknowledge your partner’s strengths, and work as a team, then you are well on your way to being a successful entrepreneur. Teamwork is a cornerstone to running a successful small business, and that type of teamwork is the same when it comes to parenting. this applies to single dads, as well. Partnership obviously extends between you and your child. This has everything to do with putting your own needs aside and thinking of the greater good, and learning how and when to say no, cooperation, patience, assertiveness, and compassion. These are all the same traits needed when it comes to managing a team and a growing business.
Fatherhood teaches resourcefulness: There isn’t always an easy answer in the world of fatherhood, much like in the world of business. Starting a business is a notoriously challenging process that requires attention, quick decision making when things don’t go according to plan (which will happen often), and juggling, not unlike changing a diaper while engaging the toddler and talking to your partner on the phone.
In this sense, being a dad is excellent small business training. Can you do it all?
Fatherhood = patience: Starting your own business is often a waiting game. Your business will most likely not become super successful as quickly as you’d like, which just means you need to stick to it and not give up. This is very difficult for a lot of people, but dads know that program.
Fatherhood means prioritizing and multitasking: Being a dad means you have to wear many hats at once while t understanding which hat is most important at a given time. Is being in the school play more important than having extra time to get their homework done? As a parent, you are the CEO and have to decide. Similarly, running a small business means being able to make quality executive decisions about which tasks have more priority and which can wait.
As I said, part of the beauty of owning a small business is that it allows you to create your own schedule. Furthermore, it also allows you to make your own decisions, and have more control over your financial situation. For a lot of dads, these are all highly valued benefits.
Sure, the prospect of becoming an entrepreneur might seem risky, but chances are, you’re way more prepared than you think.
About Steve Strauss
Steven D. Strauss is one of the world's leading experts on small business and is a lawyer, writer, and speaker. The senior small business columnist for USA Today, his Ask an Expert column is one of the most highly-syndicated business columns in the country. He is the best-selling author of 17 books, including his latest, The Small Business Bible, now out in a completely updated third edition. You can also listen to his weekly podcast, Small Business Success.© Steven D. Strauss.
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