Most people are reluctant to leave their job and start a new business.
In this video, we’ll talk about the importance of family support for your new business.
Chris Bounds 03:48
So, how, we’ll get into the details, but at that time, obviously, you had some unique circumstances which you were doing all right, but there’s definitely some need and you were looking to grow. So when that opportunity came in, do you have a conversation with your wife or from from a family dynamic? I’m curious of how that conversation went down before you started running with it? Or Or maybe you were both like, “Boom! This is it.”
Jerry Scribner 04:23
That’s a great question. And actually what happened, I mean, we were at the time when my friend introduced this to me in 2007. We had over $40,000 in credit card debt. And it was pretty ugly deal. When we looked at it, it took us about a week. We looked at it, we talked about it. And we both agreed we should jump into this now Her idea was I’ll take care of the girls, you go do the business. And I said that’s all I needed to hear. You know, you’d give me that freedom to be able to because obviously it was gonna take some time. Maybe you know away from the family a little bit, and all that. And so, we definitely had that conversation and cool thing was in nine months, we paid off the $40,000 in credit card debt.
Chris Bounds 05:09
Wow! That’s um, I mean, that’s impressive anyway, just being able to pay off debt that quickly. But to be able to do it not but but also have the family support behind it. You know, I’ve heard it said before from some other entrepreneurs, or even folks that just had the side hustle, the importance of having that kind of like family huddle, and he’s like, let’s talk about where we’re at what our priorities are, where we wanna be, and then make a decision, because it makes it a lot easier, because you’re right. There’s time cost to any extra thing you’re adding in your life, unless you’re removing something which can be difficult to do when you’re talking about a job. But unless you’re removing something, it’s gonna cause time somewhere else. Unfortunately, that could be family. And it’s just important to have the entire family on board. Otherwise, it can get a little messy.