Is this new business focused on the data compression methodology you were talking about a while back?
No specifics on the business. It's all hypothetical. It could be based on that. It could be a restaurant. It could be anything.
I would say, she's scared of this idea and she could have went a different way of telling you. Re-visit this idea in a year and see what she says...
You see, that's one of the things that do not appeal to most humans of the FEMALE species: indecision. Do you REALLY have a business idea? Please say you do... 'cuz if you don't, she REALLY has a valid point for doubting that you can accomplish this. btw, I already have a patent for the idea of a REDBOX for pr0n.
The bottom line is this: You should talk to your wife about why she feels the way she does. Perhaps it's not that she doesn't believe in YOU per se...it could be the financial uncertainty and the impact it could have on your family. Have a long talk about it
"You feel that sting, big boy, huh? That's pride ****IN' with you! You gotta fight through that ****!" That sting you feel is pride, because you're wife knows you better than anyone.
My wife always shoots down my wild ideas first, second, and third go around. She knows I get on larks about all sorts of stuff. From wanting 70-inch TVs that cost $10k to doing business stuff. If I ask enough then she knows I'm serious about it then she takes me seriously. Pisses me off sometimes but I know it's good for me because I do seat-of-my-pants sort of crap and she keeps me in check. It's always good to have a yin to your yang... or wang... or whatever.
I have ideas, but haven't pursued them. But, again, this isn't about her disagreeing with a specific business plan. This is about her not believing that I have what it takes to be a successful business owner (regardless of what the business is).
If I told my wife I wanted to be a runway model she would laugh at me. I would completely understand.
I can understand that view. If I told my wife I wanted to be CEO of Microsoft, she'd laugh at me. But being a runway model and being CEO of Microsoft are pretty outlandish. Just saying I want to own my own business is not.
Let me put it in a way most of us can understand: Remember that episode of Fresh Prince of Bel-Air, where Uncle Phil wanted to invest some money in a project but couldn't figure out what? And then Will had an idea he thought was great, which was becoming an owner of this condo his friend Jazz lived in. Uncle Phil dismissed him, thinking Will had no business sense or good ideas. So then Will develops a pretty strong business plan and gives it to Uncle Phil, pretending it's from Carlton. Uncle Phil was undoubtedly impressed, even moreso when he found out it was from Will, and chose to invest in his idea and back him, even though before he completely dismissed the idea and thought Will was big time stupid. Now, as it turns out, it WAS a horrible investment, but we can dismiss that for comedic reasons. A successful business would not have provided the laughs. And there were plenty to be had.
At this point it sounds a lot like hurt pride. I don't think any of us knows the true motivation behind her comments. It could be long term thinking, her own interests, a reaction to her own stifled dreams and ambitions as a result of raising a family, her aversion to change, her possibly intimate knowledge of knowing you better than you do yourself, etc... We don't know, and if she's not usually diplomatic about her honesty then you can't fault her on the delivery either. Instead of dwelling about her impressions, focus inward on how committed you are to start your business and how committed you are of the prospect of raising a family through tough times. On your commitment, ask yourself what you'd really sacrifice to make your dream possible, and what qualities are you looking for to achieving your dreams...fame, wealth, more stability, more sense of accomplishment, etc... Instead of thinking in abstracts, write all of this down. Put some concreteness into your actions because it's going to get a lot tougher from there and this part is the most crucial. If your idea is a good idea, but flawed, the you might as well scrap it. But if you're going to push on despite that, then there are perhaps other reasons why you want take life changing risks.
To be honest I saw a post where you say you can run business better than most successful business owners. A few things I should point out: Most prime real-estate is either taken or too expensive for a risk. "Location, Location, Location" is the best mantra to take down. You would have to have a store so well located, run, and a service that is unique to compete with the big boys in whatever field you are in. Restaurants are the biggest gamble, I read somewhere that it is about a 65% failure rate for non-franchised restaurants. Electronics is another up hill climb...people would rather shop with places that have some humongous backing and so much merchandise returning something would be no problem. Data/PC Repair and Recovery...To be honest ive seen so many of them around my area close just due to the sheer number of them. Your wife is being a realist not a pessimist. Understand that you are wishing to take a risk that if failed (which MOST businesses do, since the X factor is the CUSTOMER and there are never any NEW customers only transfer ones from other places like yours) would cripple your credit, destroy your income, leave you massively in debt, downtrodden and uninspired. If I were you I would work hard enough at your stable job and possibly partner up with someone else to share the responsibility or find an investor that has the income to take a risk like this and eventually hand the reigns over to you.
Totally agree with OP and mrpaige. His wife shouldnt have said what she said. The OP was just making a statement on possible future intentions, he had no set plans. All his wife had to say was "thats nice honey, now take me shopping or to dinner or wherever". Now if he had a set plan for a business then she could state her concerns to him and they could have a discussion about that, but all in all she was wrong for what she said.
It would have hurt me deeply. I would be very upset about it I don't know what I would do but it would something I would think on . . and have to work around having someone . . . excuse my language. . . piss on you dream is painful enough . . but someone that you close with to do it . .. hurts more Rocket River
Your wife just used the best way she could find to shoot you down. You can't do it! Now it's up to you to find out why she wants to shoot you down. Like Invisible Fan said, instead of focusing on hurt pride, reflect on everything. There is a lot of good perspectives on the possible reasons already in this thread. If you can't put pride aside, think calm and hard about everything, and get something out of it other than "oh my wife doesn't believe in me.", then, yes, your wife is probably right, you probably aren't suitable for starting your own business. Doubts from your family is an obstacle, but not the biggest ones in starting a business. Doubts don't cost you money and it's something that can be fixed without using money. It's better to think like a businessman if one wants to be one. Finanicial situations are different in every household. Plan for the worst and see if you have the money to pull it off without affecting your family's living much. A single youngster in 20's can put all the money into a business, starts all over if he fails. A grown man with a family can't. If I was the latter, I'd use only what I call "spare" money to do business, using "family" money to start a business is too much pressure. If you don't have enough "spare" money to start a small business. The timing wouldn't be optimal. It's up to you to define what's "spare" money. I can't speak for all, if I'm gonna start a new business, I'd make sure my family can live three years as it is now without income, that's the minimum family money up front. Just my 2 cents.
1. Get a divorce 2. Start a business 3. ???????? 4. Drive by her new residence in a drop top porsche with an expensive escort in the passenger seat throwin hundos out the back yellin money aint a thing