9. Do not hide the problems

Do not hide the potential problems that your startup may confront in future just to get the consent of your parents. Your parents would sincerely consider the problems and try helping you go around it. “My dad understood what it takes to be successful, and he knows that most startups fail, so I really needed to know what I was talking about. So you have to be honest about your shortcomings, where you might go wrong or potential problems in the business. My dad appreciated that, because someone who doesn’t have a good grasp of his shortcomings can never address them, and thus won’t realize when he is about to fail,” says Tashfeen Ekram.