The more time I spend developing my own business the more similarities I see in it to my personal life.
Romantic relationships and business life have a lot in common.
I want to present here five lessons that I’ve learned both from love and from my career in entrepreneurship:
- Passion. I consider passion to be the number one success factor for both business and love. Some philosopher might say love is what is left when the passion drains from a relationship. I will argue that passion is a crucial component of love. Nobody can be passionate about everything but everybody can find their passion both in love and in business life.
- Purpose. In business we call the purpose a goal, a vision, a mission or a strategy. In a relationship you and your partner are the “business”. You have to have the same goals in life. When you can trust that the other person is pursuing the same goals and backs you up in your personal decisions, there is a huge potential for success.
- Openness. Both the passion and the purpose come through open discussion. There is no other way. Verbal communication has a very similar role also in business life. A functioning professional organization is based on openness. Companies don’t achieve anything by themselves, it’s the people who make the success through communication.
- Constant learning. Without learning there is only one way and that way is failure. In a healthy relationship you can learn new things about your partner after 50 years of marriage. The same goes for companies. A professional organization should keep learning faster than its competitors to succeed. Again it’s the people who learn, organization only facilitates their learning.
- Conflict resolution. No relationship or business is made without conflict. Conflict is inevitable but can be avoided through the process of learning and through openness. Bad handling of conflicts can deteriorate even a successful company or a relationship. The best way to handle a conflict is to do it firmly, friendly and immediately.
So whether you want to success in business or in love, keep these factors in mind. And let me know if there is something you’d like to add to the list.
Also know when it’s just best to let go 🙂
This is a good point Marq.
I will argue that by following these steps there is a good chance that you will never have to consider the option of letting go.
Obviously this is a bit idealistic but think of relationships that have ended and companies that have went bankrupt. How has the lack of these factors contributed to the failure?