Show Notes written by Wendy Dickinson, Catalytic Conversation$.
Parenting Kids Is Like Parenting A Business….
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Today we are going to focus on the 60% of entrepreneurs who are parents. Some of you start your businesses while your children are young. Others wait until the kids are older.
Regardless, all of you parentreprenuers, listen up - you aren’t crazy! Thomas Hai, CEO of Diapers2Go believes that the two complement one another. You are actually translating the skills of parenting to those of an entrepreneur. Brilliant!
And, I think he’s right. We anthropomorphize business as often as we do our pets.
SHOW OBJECTIVES: THE WHY
KEY ISSUES: Problems You May Encounter:
There are as many challenges for a family as there are for a business. Entrepreneurs become problem solvers, so this is another instance for the entrepreneur to translate her/his skills over into the family.
Problems range from:
What You Need To Know - THE WHAT:
You have the opportunity to shape the lives of your children, and the life of your company. Culture, Vision, Values, Mission, Purpose, Intentions are critical elements of a successful business, and a successful family.
Get with your partner and define each. Work together to create a full picture that contains the Vision, Values, Mission, Purpose, Culture and intentions for your business and for your family.
Status, certainty, autonomy, relatedness and fairness are the 5 drivers of behavior. (I recommend David Rock’s Brain At Work book.) Be fair. Make sure everyone in the business and in the family understands expectations, goals, and what the mission and vision are.
Families in the US pay over $11,400 per year for infants in childcare costs. Toddlers cost about $10K, 4 year old's cost about $9K. The average family pays $1480 per month in childcare expenses. Over ⅓ of families feel like this is a financial burden.
Both family life and your company benefit from the exercises of scenario planning - stranger danger, fire drills, code word for weirdness on play dates can be as beneficial as planning with your management team for pandemics, economic turmoil, death/injury, war, and a climate event.
What You Need To Do - THE HOW
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