Business relationships and personal relationships do not mix well. As an entrepreneur, you should separate your business from personal relationships to achieve success.
Are you aware that Billionaire Facebook CEO, Mark Zuckerberg, froze his sister Randi Zuckerberg out of Facebook after he initially hired her to work in the marketing department of Facebook? Ms. Zuckerberg had to leave when she began to notice that many of the projects she championed were being given to a team to manage without her authority. This is one evidence that proves that business relationships and personal relationships do not work well.
Smart way to oust a person, I must say.
You probably should ask Beyonce, (the all popular Queen Bey), why she sacked her father from being her manager after representing her for fourteen years. Have you bothered to find out why she separated her business from her dad even though she loves him?
You also need to seek advice from the popular music duo, P-square, and ask them why they split after decades of producing hit albums. It all boils down to this – business relationships should not be mixed with personal relationships.
Business relationships and personal relationships don’t mix. They neither work hand in hand nor succeed together. The number one disaster recipe for any business start-up is for it to be handled by people who share close bonds or affection with you.
Respect your relationship and keep your business aside.
A while back, the social media went wild with the news of Tiwa and Teebillz’s marriage possible break-up and final break-up. Of course, Tiwa got married to her producer, who later became her husband. This grossly affected her business. This is not only about the music industry but corporate business and start-ups as well.
Just in case you are still not convinced, here are four good reasons why you should separate your business relationships from your personal relationships:
1) Your folks or anyone you share close affection with would never feel guilty about dipping their hands into your money
They always have this sense of belonging that makes it easy for them to take your money. They usually believe that what belongs to you automatically belongs to them, even if they never sweat it out, or directly work for that money as you do.
2) They will demand total respect, allegiance and gratitude from you wrongly
Do you plan on making someone you have a very close relationship with your business partner? Note that no matter what you do for them, how well you pay them, they will always have a false sense of entitlement. They will always believe they are doing you a favour and you owe them as much. You can never finish paying this false and cruel indebtedness so, why not opt-out of it.
3) You pay them for doing absolutely nothing
Most of the time, they don’t work as much as others. Those who really work hard for you don’t get as much credit. They take credit for all your hustle. You hear lines like “if not for me, her business would have stopped running”.
4) You are possibly going to lose the relationship bitterly
If there are disagreements in the cause of running the business, it usually ends with a long-lasting feud. This also leaves you emotionally and physically drained and this is not good for business.
So, why would you put yourself on a tight spot and lose the credibility and the millions or thousands you have struggled so hard to make. And if your business is already in the open (on social media), you suffer the risk of being misunderstood, of counter-accusations, of reduction in loyal customers.
Trust me; this doesn’t speak well for business.
If you are about to hire your first start-up staff, do not hire your sister’s friend’s cousin. And if you have to, don’t assign key roles to them until you have put a structure. It almost always never ends well, believe me. I have seen it before.
Don’t be like that. Stay on top of your game. Be wise. Learn from Mark Zuckerberg and Beyonce and weed out affectionate relationships that are toxic to your business.
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