Ever since the Enron and other corporate scandals surfaced, and the massive layoffs associated with the global recession ensued, the American workforce has come to the realization that the safety net associated with full time employment no longer exists. For many, the answer is to exit the employee mindset and enter into a self-employment venture, in the hopes of having more control over their future.

As appealing as self-employment may sound, running a business and actually earning a sustainable living out of it is not a trivial task. Entrepreneurship involves risk taking, and having the stomach to manage the regular ups and downs associated with running a business. The good news is that there are a plethora of government-sponsored resources and privately owned services available out there to help new business owners develop an appropriate mindset, and learn the skills necessary to be successful.

However, an often overlooked dimension of the entrepreneurship challenge is a business owner's personal life. Transitioning from a 9 to 5 employed position to self employment will no doubt accompany some life style changes, which can have consequences on family dynamics. New business owners, especially those starting a business from home, can up their chances of success by educating their loved ones on the challenges involved with starting a business. Unless their families are on board with their new venture, what was supposed to be the road to salvation may prove disastrous for their personal lives.

Has your family dynamics changed ever since you started a business? I would love to hear your stories, please do share.

Security Check. Please enter this code Listen to code