Of Start-ups and People: Creating Meaningful Relationships That Will Matter to Your Start-up Business
The day has come for you to leave your full-time job and unleash the entrepreneur inside of you. You have decided that your ideas and plans need to turn into reality and your bank has approved your loan for your small business. You have set up your goals for this year, found an office space to rent, and invested on the things that needed some funding for your business to grow. Now you’re off to dealing with stakeholders and connections. Who should you ask help from?
You don’t need to be a genius to know that no business can prosper without individuals working on it. So you go out more on corporate events, rub elbows with more businessmen, and invite more people to your home for some hors d’oeuvres and fillet mignon. But aside from gaining connections with the who’s who in your chosen field or industry, you should also exert some effort in establishing a pleasant relationship with these people:
Your business partner
The burden of a start-up business is easier to carry when you have a capable business partner. Make sure that the person you decide to begin a business with is someone you trust, someone who shares the same visions as yours and someone you enjoy working with. John Rampton of phone service provider RingCentral wrote about this factor as one of a start-up’s elements for success. He cited in a RingCentral blog entry that choosing the right partner for your business is critical—and that is absolutely true.
A business is a formal arrangement, but you can make it happier and more enjoyable if you develop a friendly relationship with your business partner rather than remain as ‘professional’ strangers. They say great ideas come from the most laidback conversations, and if you can’t have a nice, warm conversation with your business partner, then you’ll have to think twice about working with each other for a long time.
Before you became the owner of a start-up, there is a big chance that you were also an employee yourself. Because of this, you know the things employees like and don’t like in a company and in a boss. Almost all employees say this at least once in their lives: “If I were the owner of this company, I would (insert anything that bosses are supposed to do here).” And now that your dream of becoming your own boss is fulfilled, it’s time for you to treat your own employees in a way that you hoped your former boss treated you.
Establishing a good relationship with the people who work for you can definitely inspire them to help your business grow and do their best at their jobs. Your HR personnel won’t have to be bothered about the high attrition rate, you can work without feeling guilty of not doing your job as a good boss, and you’ll fulfill your dream of becoming a great boss to your subordinates.