Get All Access for $5/mo

A Young Entrepreneur's Best Friend is His... Mom? A helping hand from mom -- or dad -- can be vital for newbie entrepreneurs. Here are six ways to make your career in entrepreneurship more palatable to them.

By Adam Toren

Opinions expressed by Entrepreneur contributors are their own.

A Young Entrepreneurs Best Friend is His Mom

In starting a business, entrepreneurs often find themselves having to rely on their families -- for everything from start-up capital to moral support. And while parents and loved ones often do this gladly, it can be an undeniably tough call. After all, most businesses fail -- and giving a young son or daughter cash to start up a business can require a whole different level of trust than simply shelling out for a pair of Air Jordans.

When my brother Matthew and I purchased a bar and pool hall in Vancouver at just 20 and 19 years old respectively, not getting our mom's approval wouldn't have stopped us, but having it sure made everything easier. Mom pitched in and helped. She would often stop at our local warehouse store to pick up supplies for our place. Though she might have preferred us to spend our time studying to tending bar, she looked at the positives: It was better for us to run a bar than to waste time hanging around in one. I think she knew we'd be too busy to get into too much trouble.

While that kind of trust is not easily won among anyone's parents, alleviating my mother's worries at the outset proved to be beyond helpful for us -- and it may just help your start-up chances too. Here are six ways that my brother and I helped make our careers as young entrepreneurs more palatable to our mom:

  1. We assured her that we were following our passion. Mom learned early on that this was the direction for both of us. We had some failures but more successes. As we got older she ended up being the one to encourage our entrepreneurial endeavors.
  2. We maintained consistency toward achieving our goals. Mom could see that we planned our enterprises and stayed focused on what we needed to do to succeed. That sense of commitment built her confidence in our capabilities.

    Related: Seven Ways to Effectively Juggle Business and School
  3. We showed enthusiasm in the face of adversity. Whether we succeeded or failed, we were ready to charge ahead. We saw setbacks as temporary, and, no matter what, we had fun.
  4. We stayed positive. When you work for yourself, you're only as good as your reputation. Matthew and I both took pride in the people side of the business. Whether we were dealing with suppliers or customers, we wanted everyone to be glad to be involved with us and our businesses.

    Related: The Costs and Benefits of Starting up as a Teenager
  5. We valued teamwork. We both quickly learned each others' skill sets and we stuck to what we each did best. Matthew and I know how lucky we are that we're both brothers and great partners.
  6. We were successful. After selling our first business after just one year for a handsome profit, it all became much clearer and, of course, more palatable. There's no denying that it's a lot easier to convince a parent that you're headed in the right direction when you start succeeding. Yes, we were lucky as young entrepreneurs, but we also had years of experience working together on smaller enterprises as kids, and we did our homework before buying that business.

    Related: 10 Ways to Win Over an Unsupportive Family as a Young Entrepreneur

This mother's day we want to let our mom know how much we appreciate everything she did for us, as her sons, as well as budding entrepreneurs. We wouldn't be where we are today without her. Thanks mom!

Adam Toren

Serial entrepreneur, mentor, advisor and co-founder of YoungEntrepreneur.com

Adam Toren is a serial entrepreneur, mentor, investor and co-founder of YoungEntrepreneur.com. He is co-author, with his brother Matthew, of Kidpreneurs and Small Business, BIG Vision: Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right (Wiley). He's based in Phoenix, Ariz.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

From Side Gig to 6-Figure Success — How I Built a Thriving Home-Based Business as a Busy Family Man

I've made over $17,000,000 for clients worldwide and brought in multiple six figures for myself, all while barely leaving my kitchen.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Franchise

Expanding Your Franchise Overseas Can Make You Millions — Or Tank Your Profits If You Don't Consider These Risks.

Deciding to expand your franchise concept internationally is a challenging one. Doing so can provide growth opportunities far beyond those in your current home market. But doing so before you're ready can create undue stress on your system. International expansion requires a full investment of time and resources to do it right; it is a serious commitment that reburies hard work, supported by a well-thought-out and well-executed game plan.

Business News

If Your Bank Is Calling, Don't Answer. It's Probably a Scam.

Scammers are getting sophisticated, from AI voices and videos to spoofing caller IDs. Here's how to spot them.

Business News

Tesla Is Now Worth More than Toyota, Ferrari, General Motors, Porsche, and Ford Combined

Tesla has added $250 billion to its value since the presidential election.