Starting A Business With Your Spouse – 7 Things You Must Know


 

2) Be respectful and kind to each other: The minute emotional cruelty comes into your business environment, you will begin to have power struggle. Blaming, demeaning or disrespect of any kind lowers your partner’s enthusiasm as well as their creativity, productivity and willingness to work with you.

It also stops others from wanting to work in your business. If you want to keep your top talent, you must create a good working environment. Power Couples are respectful of their spouses and partners. You will become stronger together and more successful when you both really work at being respectful, supportive and kind to each other.

3) Don’t argue or make disagreements public: A public disagreement creates low productivity and office tension. There is a level of decorum that any successful business has as part of its best practices. The best companies have good working environments. When you argue at work, you create a hostile environment to work in. Your business will not grow in this environment. If you bring your disagreement public you lose the respect of the persons listening to you fight and complain.

Instead, have a place you can go to in order to work through a disagreement and have agreements about how you will treat each other at your place of business. Even if it is in your home office public disagreements creates low productivity.

4) Remember why you started a business together: This will be important when times are stressful. If you’re in the startup phase of your business, your life together will most likely be out of balance for a while and this can be stressful. However, just remember that you didn’t go into business to make your life worse.You went into business so that you could have an overall better life but this happens over time, not overnight. It takes systems, planning and leadership over time and your business will help you both achieve success long-term.

5) Be prepared for the long haul: Don’t expect to be an overnight sensation. The “If you build it they will come,” is only for baseball in cornfields. Too often business opportunities are sold as get rich quick schemes, meaning a 1 to 2 year plan to become millionaires. Sure this could happen. However, it is not the standard. A very small percentage of couples are an overnight sensation in their business. If you expect this you will add unneeded stress on yourselves. Be prepared for the long haul and know that if you plan and are consistent over time, you can achieve success together.

6) Choose the final decision maker: If you are at odds on a decision, you need to know, ahead of time, which of you will get to make the final decision. If you don’t, you will have unnecessary arguing and keep going round and round on the topic. You will lose valuable time and lower productivity. Instead one of you must make a choice and get back to business.As the decision maker, it will be important to take into consideration what your spouse has to say. If you don’t, you may have a resentful spouse on your hands. Before making your decision, sit with your spouse and say, “I have taken your position into consideration and I understand that you think or feel as if we should move in this direction. It’s been a tough decision for me because your points are valid, however, as the final decision maker, I am moving in this direction because I think it is our best course of action.”

You will become stronger together if you both understand ahead of time who will be the final decision maker.

7) Define your values: If you do not want to own a business that you do not align with, you need to state it up front. If you don’t want to have a liquor store or porn websites, make that known to your partner. It’s great if you have wonderful skill sets, but it’s empowering when you have great skill sets and a business that aligns with your values.

Running a business with your spouse can be stressful however, it can be rewarding in ways that most couples never get to experience. Just remember that if you apply these 7 tips, you can achieve success together.

Did you know that 98% of couples who go into business together will destroy their marriage and ruin their business? But it doesn’t have to be this way for you. Instead why not join the over 8 million other couple entrepreneurs who enjoy the freedom and wealth lifestyle of couple entrepreneurship.



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