Is it a good idea to start a business with your spouse in the first place?
In business and In Love! Starting a business with your love one can be a challenging situation, but many of us do it. In this article, we will give some tips on how to make successful business together with your spouse.
The Story – Home Sweet Office, Office Sweet Home
Does it possible running a successful business with your spouse? April and Chuck Jones wrote in their book that many couples have found their way and make their marriage stronger by working together as husband and wife. Most of the research being done focusing only on the drawbacks of working with your husband/wife. Yes, there are challenges along the way, but off-course it can be done. My wife and I have been in business for the past 18 years. From our experience it is great to work together as husband and wife.
How do I start a business and stay married?
Advice No.1: Avoid Negativity – Sorry Honey – Can*t Do It – It Won’t Work – What make you think… – Why Can’t you …, Listen and Compliment Each Other Instead.
Negativity, excused, can slow down your momentum to pursue your business success, and unfortunately that is what we face in day today marriage life. Word matters, it can change your mood, your path, your future, etc. One thing you and your spouse should understand, and keep in mind when you are doing business with your spouse – Your WORD matters!
Advice No. 2: Talk it over, have discussion, and accept apology!
Gaining your spouse’s support while building your business is an important step. My wife and I discussed all the possibilities, the good and the bad of entering this venture together beforehand. We both realize that we want to do it together, and we want to build a successful business. So, talk about, going through your business idea together, discuss different scenario, build business plan, develop your budget, etc. For some of you, it might sound ridiculous, but it is one of the most important steps. OK, we know that things cannot always go as what we have planned, but by having a habit to communicate each other will give you more strength to overcome challenging situation. Appreciate your spouse’s idea, by discussing, and exchanging idea will strengthen your working relationship and allow you to both to shine within the business.
Advice No. 3: Decide – who does what!
When we started, we tried to do everything ourselves, and it is always ended up in argument. Which color to pick, what product to showcase, etc. Like starting a family, we are all have our own way or idea on how we handle things. Yes, both my wife and I, have a good intention, we both want our business to succeed. After a lot of fights and arguments, we finally decide to divide the decision “Power” or who have the final say, and responsibilities within certain area.
Advice No. 4: Set your Business Hour
Sometimes it is easy to be caught up to your business, more over when two of you building the business together. Having office at home, and both of you passionate to move your business forward is not easy. Live is not only about your business, your spouse is not just your co-worker. Both of you deserve to enjoy live, this is what is all about. The main objective that both of you build the business is so both of you can enjoy quality time with your family.
We realize that we are so madly passionate about our business, when we realize that we keep talking about the business all the time, from breakfast until before we go to bed. “Did you send the email?” or “Have you answered the comment?”, “Have you contacted them?” etc. It is our typical day to day conversation; we did not pay attention to our marriage.
One day, we decided to change. We set up business hours, and not to talk about business outside that business hours. We start to live again as couple, the relationship as husband and wife, and toward other – family, friends, communities, etc. – start grow again. In business, we start to understand to work more efficiently, and most of all with a lot of “Happier” environment.
Advice No. 5: Create Budget For Your Business
Creating budget for your business is the main key to success. Like any other business, your family business needs to have a budget. Separating your own day to day expenses, and your business is an essential. Set a side a budget for your business, how much do you want to spend for your business is depend to your plan. These are typical expenses post for your online business:
- Hosting Cost
- Website production, and development – Graphic, Design, etc.
- Tools – SEO, Newsletter, E-commerce (platform, tools, etc), etc.
- Online Payment Providers
- Coach / Continue Education
- Business Expenses – Association Membership, professional fee’s, etc.
A positive environment will not only be impacting your bottom line, but also your relationship as husband and wife. Yes, your business will grow, you can overcome business challenges, but more important thing that you can grow your relationship. You will understand and know your spouse more than just co-worker, she or he is your life partner.
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Every marriage is already a partnership, one in which you love together, create and building family together, and support each other. With the right alignment, planning, and commitment to making it work, sharing a business can be a meaningful extension of that partnership.
Yes, there will be tears and laughter, there will be celebrations and frustrations, but at the end there will be nothing like sharing success of working together toward a common goal with your love one.
Do you have a success story, or word of wisdom from your personal experience building up business together with you’re spouse? We love to hear them! Leave a comment below!