However, after intense research and understanding, we have come to the conclusion that small business management with your spouse is not just possible but also fruitful provided you do it right. Starting a new business with the love of your life sounds like a splendid (and romantic) idea in the beginning but soon, the tables turn and everything is not all rosy. This is because many couples tend to rush into business planning without having an idea about what it entails. Entrepreneurship is an adventure especially when you plan to do it with your loved one. Tread carefully so that professional differences don’t ruin your marriage.
Delineate All Roles Clearly Between Each Other
Your roles and responsibilities in the new business must be clearly separate from the beginning. Otherwise, you are bound to drive each other up the wall in frustration. Discuss during the start of your business your strengths and interests. Based on that, make sure you divide all responsibilities so that there isn’t any confusion or reason to quarrel. If both of you are weak in particular areas, you may hire employees (freelancers or full-time) based on your requirements.
Do NOT Resort to Silent Treatment
You may think it is the best weapon to make your spouse feel guilty about his/her mistake but you should keep that tactic restricted to your personal life. Giving the silent treatment for days together when things aren’t working out at work will only make matters worse for your business. During business, tolerance trumps the need to be right. Patience is the key to understanding. Of course, things may go wrong every now and then but you should fix them through tolerance rather than ignoring your spouse and all duties related to him/her.
While we are on this topic, let’s state the obvious and most common mistake as well: Do NOT bring your personal fights into the workspace. Yes, it can be difficult to do that but overtime you will learn that screaming at your better half in the office about undone laundry will destroy your business and your marriage.
Have Mutual Understanding About Leadership
You are both equal partners. The business belongs to both of you. Both of you are leaders. One person managing all decisions and the other merely being a personal assistant and/or expecting work to be done is wrong. Take responsibilities each and live up to the expectations set. This will help you grow your new business together, without bitter feelings.
Concentrating on working it out together clearly rather than letting anger build and you will be able to run a business with your spouse with ease.
If you think running a new business with spouse is not possible, you should think again. Many businesses fail because of a few silly issues that you can avoid by being more tolerant and demarcating responsibilities right from the word go.
Image courtesy of [Idea go] / FreeDigitalPhotos.net