Ask Richard: Advice for Dadpreneurs

January 30, 2023 Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech International, Fintech Interviews and Podcasts, Leadership, Productivity, Competition, Human Capital, Health, Venture Funding and Building, Voices No comments

Richard Branson's LinkedIn Newsletter | Jan 30, 2023

Image: Unsplash/Tim Mossholder

What advice do you have for ‘dadpreneurs’, and how do you balance being a great dad with building a great business?

People first: One of the best things about being an entrepreneur is the freedom to work in a way that is best for you. As more people and businesses breakaway from the 9-5 mould, you should be as flexible as possible to find a routine that works for you and your family.
- It sets a good example as a leader, as it demonstrates that it’s OK to be human, and people should always come first.
Understand yourself and values: Most founders start businesses from a place of passion. They’re motivated to want to be their own boss, to bring something to life or to solve a problem they see in the world. Being an entrepreneur is part of who they are and their own personal purpose. Having children can turn that on its head and change your outlook. Be sure to check back in with yourself, relook at your values and purpose and ensure the entrepreneurial journey is right for you.

See: How Entrepreneurs Can Manage Their Mental Health

Establish limits: One thing that works well for entrepreneurial parents is to list out their non-negotiables. What are those things that you won’t compromise on? Is it that you always want to be there for bath time and bedtime for example. One thing about being your own boss is that you have greater control of what you do and what you don’t, so make sure that it works for you.
Get your children involved: Family and business don’t have to be two separate things. Growing up in an entrepreneurial family can be amazing - your children will learn so much. There’s no better grounding for the world of work (whatever that might look like) than being involved in running a business, so lean into it.

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