Why your emotions won't hold back your start-up

May 2nd, 2017


Some people in the business world are afraid of their emotions - stress is suppressed so you can get on with the tasks in front of you, you never cry because you know you have a meeting in half an hour and you can't look like you've just been bawling your eyes out. Emotions are a part of being human, and they can help you to take your business to the next level.

You won't have taken the first step in the business world with your start-up if you didn't truly believe in what you were doing. You needed more than just a flickering thought to start your company, and no matter what you're doing, you can use that passion to make sure your business only gets stronger.

What place does emotion have in the business world?

Businesses can be built or broken on relationships. If you don't have strong relationships with clients or customers, they won't buy your goods or services. If you don't have a sound relationship with your employees, they won't be motivated to work for you, and you could end up spending more time recruiting than building your start-up. Emotional intelligence is vital to the success of any business.

Emotions can also help us to stay on track for what we wanted to achieve when we first started the business. Take Luke Anear of SafetyCulture, who was prompted to develop apps that helped to keep people safe at work because of what he saw when he was a private investigator. Luke, speaking to SmartCompany, recalls two incidents that caused him to see life in a different way.

"There was a 36-year-old fellow who had committed suicide after getting injured at work, and we also saw a boy die in a house in Penrith putting roof insulation in," he said.

Atlassian co-founder Scott Farquhar has thrown his support behind SafetyCulture.

These rattling experiences pushed Mr Anear to start work on occupational health and safety applications iAuditor and Spotlight, both of which help with checking work sites and keeping employees safe. Atlassian co-founder Scott Farquhar has thrown his support behind SafetyCulture, which now has annual turnover of around $10 million.

Mr Anear used his emotional responses to come up with an idea that could save lives. Don't shy away from your emotions just because the business world hasn't accepted them in the past. Use them to your advantage and your business could be the next life-changing operation on the market.

For help turning your idea into a business, or to take your start-up to the next level, talk to Earlypay about debtor finance solutions.

If you'd like to learn how Earlypay's Invoice Finance & Equipment Finance can help you boost your working capital to fund growth or keep on top of day-to-day operations of your business, contact Earlypay's helpful team today on 1300 760 205, visit our sign-up form or contact [email protected].