What’s the number one most costly business mistake people make and that I’ve made?
It’s getting in a relationship. Or more specifically the wrong relationship.
Now don’t get me wrong – being in the right relationship can actually make you even more successful by having someone that inspires you and pushes you to work harder.
But then there’s the dark side. And I see this often in relationships where one person is an entrepreneur / business-owner and the other is not.
Sure they’ll say they “support” you. And you’ll think you’ll have found a good person because of course they say they’re behind your goals 100% or claim to be. But is he or she really?
Top Signs that Your Significant Other Doesn’t Really Support You
– They mention how nice it would be if you went to work a nice suit and tie to a “real job”
– They say how you’re so intelligent and should apply to go to grad school and get an MBA, when you’re already doing what you love.
– They take up hours and hours of your most valuable asset – your time – even though they know you have to work and complain when you choose work over theme
– They’re super excited when times are good, but hate what you do when there are bumps in the road
– No matter how many times you try to explain why you do what you do, they just “don’t get it.”
This type of relationship pitfall aka black hole is especially important to avoid and look out for early in your career. I’ve now gone through this experience twice and have since sworn off any type of serious relationship for now as it becomes a major distraction. It may be too little too late for me, but I want any other young entrepreneurs out there who are starting off to take a serious look at their relationship and decide whether that person is helping them achieve their goals in life or holding them back. If the answer is the latter, then you need to do what Mr. Wonderful from Shark Tank would suggest you do – cut them off and move forward. There are plenty of (genuinely supportive) fish in the sea. Especially, after you’ve made it (in which case they may just be after your wallet, but that’s a whole different story).
I don’t mean to demonize women here and I’m using he and she interchangeably. It could just as easily be a female entrepreneur wanting to succeed and her boyfriend holding her back for whatever reason. In whichever situation this occurs, you have to realize that your time is limited. Whatever opportunities present themselves now will not present themselves later. If you become too distracted in a bad relationship, you’re killing your business and opportunities for growth.
I missed a ton of money trains and I regret them completely. I made bad choice and missed out on opportunities because I wasn’t focused. Now I’m slowly building my business, health, and sanity back. Trust me, a bad relationship can take a lot out of you no matter how well you think you can multi-task your life. If I had the fortitude to just cut things off when I knew they weren’t going anywhere, I would not have moved backwards in my business and likely would have been way further ahead. But alas, hindsight is 20 / 20.
Don’t make the same mistake. You’ve been warned.