Hosted by Jay Adelson.
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: firstname.lastname@example.org, @jayadelson, or http://youtube.com/askjayadelson Read More
Successful entrepreneur and CEO Jay Adelson demystifies the start-up process by providing advice, tips, and answering questions. In this episode, Jay addresses the difficulty in telling your family and loved ones (and in-laws) that you're quitting your job to start a company.
Jay's Chalkboard Notes:
- The only person harder to sell than VCs is your mother-in-law
- The question boils down to protection and security from a financial standpoint
- The proverbial mother-in-law just wants to know that their child is going to be OK
- A business idea can usually be vetted before quitting a job
- You can usually fall back on a day job
- Taking the entrepreneurial risk usually generates a lot of respect
- Think about convincing your family the same way you would an investor
- Learn how to explain your business or idea to any lay person