How should I advise my husband?
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My husband has been telling me his interest in starting his own business.
He has been into his own business before but he wound up his business because he said it is tiring and stressful.
Now after he became employed, he desire to go back again. I told him I disagree with him.
He has many qualities of an entrepreneur but he also has some dodgy traits that worries me.
He is a good planner. Often for many projects he has a very good Plan A in his mind. When Plan A fails, he should also have a Plan B. But he do not always have a Plan B ready on hand. He starts to get stressed up before finally coming up with Plan B. I believe an entrepreneur must always be prepared for the worst case scenario.
He enjoys working that clearly defines his responsibilities and maybe the customers’ as well. But he does not like to write things down or work with contracts. He relies solely on trust and his understanding of his customers.
He seldom takes advantage of getting caught up with the latest happenings. So he does not do upgrading of skills at all. He relies on his current knowledge and skills as his asset. He does however enjoy learning by doing.
He has a habit of being punctual which is good. But it annoys him to no end that others tend to think that appointments and starting times are just suggestions or hints, not actual times. Previously he worked with a partner that is not always as on the ball as he is. He gets very stressed up. He is also often very eager to suggest how his schedule goes and how things should be done to save time.
Lastly, he gets very eager to start up that he might simply just get a partner for his business. The partner might be a friend he knows; might be someone of the same field. But if the partnership builds up too much disagreement, for example sense of time, the business might wind up again.
How should I advise my husband to convince him?
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u shd tell him. let u be the entrepreneur.
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Hi FireIce.
You know what? Your suggestion is good. Thanks. ;)
But I have thought of this for real and I have a lot of reasons for not venturing out on my own.
1 of it is that I am currently very happy being just an employee.
2nd, I love my weekends and I love my Mon-Fri job.
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too...honest people cannot do business. so your husband is he very very veyr squeeky honest? more so that he struggle as an employee? ifso better don't do business, sure fail
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Originally posted by troublemaker2005:
too...honest people cannot do business. so your husband is he very very veyr squeeky honest? more so that he struggle as an employee? ifso better don't do business, sure fail
i think you are right. thanks.
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a leader takes lead , a manager follows orders
so it takes more than a manager to go into biz
if yr hubby dun have the EQ , then u should stop him from doing so
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I suggested you can talk to government agencies like Spring Singapore which they will be able to advise you or your husband on issue related to entrepreneurship better : http://www.spring.gov.sg , otherwise, your can choose to learn from those liao jiao/old birds story and their start-up concept : http://www.revelations.sg , http://www.exec-directions.com , http://www.akppd.com/entrepreneurs , www.mynewmillionaires.com , http://rhhbschool.com/fk38dfj48fjk or http://www.curica.com
I do agreed that not only friends, but also your "close" relatives bound to have conflict in area likes profits or how to run "their" business should operated. If your husband is still want to his own boss without worries, I strongly suggested your husband be part of some well-established business 's franchise which can be in many areas in his interest, I listed below a few well-known examples for your reference :
Childcare Centre :
1) Cherie Hearts : http://www.cheriehearts.com.sg
2) Kiddie Academy : http://educationaldaycare.kiddieacademy.com
3) Carpe Diem Holdings Pte Ltd : http://www.carpediem.com.sg
Food and Beverage:
1) Old Chang Kee : http://www.oldchangkee.com
2) Breadtalk : http://www.breadtalk.com.sg
3) i-maru Franchise : http://www.i-maru.co.jp
4) YummySoy : http://www.yummysoy.sg
5) Twist Potato Pte Ltd : http://www.twistpotatoonline.com
6) BBQ Chicken : http://www.bbq-chicken.com.sg
7) Denon Franchise Network : http://www.denonsoya.com.sg
8) Mad Jack Group : http://www.pancakeking.com
9) Crust Gourmet Pizza Bar : http://www.crustpizza.com.sg
10) Hot Star Large Fried Chicken : http://www.hotstar.com.sg
Education :
1) Math Monkey : http://www.mathmonkey.com.sg
2) Seriously Addictive Mathematics : http://www.seriouslyaddictivemaths.com.sg
3) Mathnasium : http://www.mathnasium.com
4) MagiKats Maths and English Centre : http://www.magikats.com.sg
5) Smaths Guaranteed Tuition Centre : http://smathsconsulting.com
6) Sakamoto Method : http://www.sakamoto.net
7) MPM Math : http://sg.mpmmath.com
8) KipMcGrath : http://www.kipmcgrath.com
9) My Little Genius : http://www.mylittlegenius.com.sg
10) Bricks4Kidz : http://www.bricks4kidz.com.sg
11) Eye Level Training Center : http://www.myeyelevel.com
Printing :
1) SNAP PRINT Home Based Printing Franchise : http://franchise.snap-print.com
Crude Oil :
1) Shenton Energy Asia : http://www.joinshentonenergy.com
For more resources in franchising, you can visit this government-body - Franchising and Licensing Association (Singapore) : http://www.flasingapore.org , hope that help !
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Originally posted by Angjaydyn:
My husband has been telling me his interest in starting his own business.
He has been into his own business before but he wound up his business because he said it is tiring and stressful.
Now after he became employed, he desire to go back again. I told him I disagree with him.
He has many qualities of an entrepreneur but he also has some dodgy traits that worries me.
He is a good planner. Often for many projects he has a very good Plan A in his mind. When Plan A fails, he should also have a Plan B. But he do not always have a Plan B ready on hand. He starts to get stressed up before finally coming up with Plan B. I believe an entrepreneur must always be prepared for the worst case scenario.
He enjoys working that clearly defines his responsibilities and maybe the customers’ as well. But he does not like to write things down or work with contracts. He relies solely on trust and his understanding of his customers.
He seldom takes advantage of getting caught up with the latest happenings. So he does not do upgrading of skills at all. He relies on his current knowledge and skills as his asset. He does however enjoy learning by doing.
He has a habit of being punctual which is good. But it annoys him to no end that others tend to think that appointments and starting times are just suggestions or hints, not actual times. Previously he worked with a partner that is not always as on the ball as he is. He gets very stressed up. He is also often very eager to suggest how his schedule goes and how things should be done to save time.
Lastly, he gets very eager to start up that he might simply just get a partner for his business. The partner might be a friend he knows; might be someone of the same field. But if the partnership builds up too much disagreement, for example sense of time, the business might wind up again.
How should I advise my husband to convince him?
Men are bigger risk takers than women.
Some men take calculated risks, most women prefer stability.
Men often venture out of their comfort zone trying to make something out of nothing , women only do so after they have secured backings.
To start up a business, he can be a sole proprietor or private limited company. No need to find a partner if he doesn't work well in a partnership.
You and your husband seem to have a lack of knowledge in setting up a company. Please educate yourself first.
No human is perfect. Not even the most successful businessman.
You have insecurities that's holding him back. You will need to resolve this first.
Are you worried about financial liabilities ? Are you worried that he will squander/gamble away all the family savings and leave nothing for you and your children ?
If you can afford, hire a independent financial advisor ( not insurance or banking sales people) to help determine if venturing out is a good idea . Your husband will be more receptive to the advisor than you nagging him with your negativity.
Instead of fighting him, I suggest you work with him to figure out something both you and your husband will be comfortable with. Both of you will need to compromise.
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First of all, its great to have th entreprnerial dream.
But having said that one must go back to reality. Do I really make the cut to be entrepreneur as of now?
What must I do to become successful?
Think about george lucas and steve jobs who failed so miserably b4 coming to become so successful.- Can i suffer the varoius setbacks?
Perhaps that would be too far fetched you say, but in local context look at the bubble tea biz. during the craze, ppl want to do this biz. but after the hype wats left are notably koi, gong cha and others who became brand name.
They have a long-term approach and not jumping in for a quick profit.
A biz must be viable and sustainable in the long run.
Partnering wise, choose prudently. I know of someone who got cheated by his partner during a joint venture and I do not want your partner to reach this state.
Yes, an entrepreneur rely on his experience gained from real life and his instincts. but he does needs skills upgrading.If he doesnt know how to man and build a website and do biz accounting, how is he going to expand and manage the business finances and cashflow? If cashflow is a problem. the company if half-dead.
Time wise, can you or your husband take up failure from risks of biz? cuz if thinkinh of fulltime biz, only income would be from buidling your biz. But if you need cash for biz and family, can you have sufficient cash to toght over till the biz breakeven and gains profit?
If not, I would suggest your husband remains at full time job and start a biz part time.ONly when income from biz is stable then you may consider changind to biz full time.
But well, thats time-consuming and may have little time for family in the short-term and relies much on family support.
Can your husband take the stress and tired schedule?
To be a successful bizman, you must have the passion in it to help you to pull through the rainy days.
IFA suggestion may be an idea, but I would not personally suggest it as they may not have the experience to advise on biz stuffs. They do not know how to operate biz.
Would you listen to a professor lecturing on marketing or accounting if they are not proficient in the field?
All this are based on my personal opinion.
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aiyah, its that dream the gahmen instill in singapores that eventually lead to all this shit. its all about face. do business wear tie and shirt pants walk here and tehre look smarter mah. ppeopl ask you do what? say sales loh. store sales assistant also sales mah
got one guy i used to know got and electrical local diploma. but he got so horny with a sales job title did a few and fail eventually ended up wearing some shit and pants behind a retail store selling cameras. also sales mah.
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If $ is not a problem, being an entrepreneur can be a good thing...afterall, most millionaires have their own business...I think you should let your hubby try again...
Why are you worried that he may fail again? You should be optimistic mah?
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For your info, there are an international non-profit organization called Youth Entrepreneurship Alliance in Singapore where they help people like your husband for start-up. For example if your husband is ambition to do business in overseas, currently they are organizing information session on how to do business in China, if your husband is interesting, below are their contact :
1) Name: Ms Chen Keru
Email : [email protected]
Handphone : 81966589
2) Name: Mr Bruce Yi
Email : [email protected]
Handphone : 84265983
Registration Link : http://tinyurl.com/yea-china
If your husband is interested to find out how entrepreneurs in Silicon Valley succeed, they also had an exchange programme to Silicon Valley soon. More details : http://iee2012sv.wix.com/siliconvalley2012
Read more about how to start a business : http://www.shopify.com/blog/tagged/how-to-start-a-business
If your husband is interested in marketing, PR and entrepreneurship : http://www.appsblogger.com
Finally do you know that nowadays there is even an school that teach student how to be entrepreneur ? Didn't be surprised when next time you find that in your next career switch, your boss is actually a school kid
: http://www.yea.sg -
Maybe your husband just want to go sell trinkets at Bugis street. That type no need a lot of business knowledge.
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as long as not sell oneself - okay lah
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Originally posted by troublemaker2005:
as long as not sell oneself - okay lah
Even if you want to sell yourself.... please be over 18 years old...
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Business survive and grow simply because of its owner! Why? It is the business intellect of its owner to see, response, attract and select the right opportunities, right partners, right customers, and most importantly adjustmentment toward changes, especially adverse changes in the market.
I own a business and fwew things are more exhilarating as being totally responsible for your own destiny. But also expect lots of sleepless nights, lots of worries, lots of wondering how to make payroll and how to pay suppliers. But it's all worth it!
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Originally posted by Just_do_it_lah:
Even if you want to sell yourself.... please be over 18 years old...
50 minus 18, so what u think -
Originally posted by Just_do_it_lah:
Even if you want to sell yourself.... please be over 18 years old...
Not to worry, for him, even buy one get one free, also nobody want, sell what?? -
To be in business, you must be skrew (not screw hor) and cunning like me, your skin must be thick, tho mine is masked by my whiteness, be decisive and take opportunity like a eagle going after the rabbit, sharp and swift. And more importantly, must leave back door to run.
It also depend on your age and profile, the younger are more daring, the older ones tend to be more careful, cos this could be his last chance, but for experiences, the old foxes are more good.
In deal, it is more on body languages than those stupid greetings and courtesy shit handshake, the body languages can tell you a thousand stories, and finally although today, you can talk to client on skyscape or web conferences free, it is better to meet up in real face to face talk, because thru web, you cannot get the body languages, thru face value, at least when the opposite start to sweat, you can see it
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Originally posted by angel7030:
To be in business, you must be skrew (not screw hor) and cunning like me, your skin must be thick, tho mine is masked by my whiteness, be decisive and take opportunity like a eagle going after the rabbit, sharp and swift. And more importantly, must leave back door to run.
It also depend on your age and profile, the younger are more daring, the older ones tend to be more careful, cos this could be his last chance, but for experiences, the old foxes are more good.
In deal, it is more on body languages than those stupid greetings and courtesy shit handshake, the body languages can tell you a thousand stories, and finally although today, you can talk to client on skyscape or web conferences free, it is better to meet up in real face to face talk, because thru web, you cannot get the body languages, thru face value, at least when the opposite start to sweat, you can see it
waaaaa so chim , i'ii be yr husband so u can advise me in the bed
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male-male talk business and male-female talk business... different leh...
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Originally posted by angel7030:
Not to worry, for him, even buy one get one free, also nobody want, sell what??
get 2, that means can 3p? -
Originally posted by angel7030:
To be in business, you must be skrew (not screw hor) and cunning like me, your skin must be thick, tho mine is masked by my whiteness, be decisive and take opportunity like a eagle going after the rabbit, sharp and swift. And more importantly, must leave back door to run.
It also depend on your age and profile, the younger are more daring, the older ones tend to be more careful, cos this could be his last chance, but for experiences, the old foxes are more good.
In deal, it is more on body languages than those stupid greetings and courtesy shit handshake, the body languages can tell you a thousand stories, and finally although today, you can talk to client on skyscape or web conferences free, it is better to meet up in real face to face talk, because thru web, you cannot get the body languages, thru face value, at least when the opposite start to sweat, you can see it
want to meet me in person say lah -
Originally posted by Angjaydyn:
My husband has been telling me his interest in starting his own business.
He has been into his own business before but he wound up his business because he said it is tiring and stressful.
Now after he became employed, he desire to go back again. I told him I disagree with him.
Just quick questions here. 1. What sort of business he wish to start? 2. Does he has enough running capital that will sustain his business for months to come to probably afew years to break even?He has many qualities of an entrepreneur but he also has some dodgy traits that worries me.
He is a good planner. Often for many projects he has a very good Plan A in his mind. When Plan A fails, he should also have a Plan B. But he do not always have a Plan B ready on hand. He starts to get stressed up before finally coming up with Plan B. I believe an entrepreneur must always be prepared for the worst case scenario.
He enjoys working that clearly defines his responsibilities and maybe the customers’ as well. But he does not like to write things down or work with contracts. He relies solely on trust and his understanding of his customers.
He seldom takes advantage of getting caught up with the latest happenings. So he does not do upgrading of skills at all. He relies on his current knowledge and skills as his asset. He does however enjoy learning by doing.
He has a habit of being punctual which is good. But it annoys him to no end that others tend to think that appointments and starting times are just suggestions or hints, not actual times. Previously he worked with a partner that is not always as on the ball as he is. He gets very stressed up. He is also often very eager to suggest how his schedule goes and how things should be done to save time.
Lastly, he gets very eager to start up that he might simply just get a partner for his business. The partner might be a friend he knows; might be someone of the same field. But if the partnership builds up too much disagreement, for example sense of time, the business might wind up again.
How should I advise my husband to convince him?
Just quick questions here. 1. What sort of business he wishes to start? 2. Does he has enough running capital to sustain his business for months to come to probably a few years to break even? -
So what happened? You care to share with us here?