Running a business as a couple can be difficult and stressful. More so if the business is your main source of income. But everything can be managed as long as rules are set and both spouses know their priorities above anything else.
Many married couples involved in their own business have testified about the challenges they face. In fact, some don’t recommend partnering with a spouse in managing a business as it can pose dangers to the marriage which may even lead to divorce.
So what really are the main factors that cause issues in the partnership and what are the ways they can be avoided?
Your spouse is likely to get jealous if you treat clients better than you treat your partner. This is true in many cases so if you want to protect your marriage, make sure that you give the same attention to your partner at all times.
A spouse, whether the husband or wife, will feel resentful upon seeing that his partner treats the clients differently. This is a natural reaction but one that can be avoided.
Make sure then to treat your partner the same way you treat a very important client. Give him or her your full attention by listening and making your other half feel special. Be kind and generous to that person you married and assure him or her of your constant support.
Lack of Time
Managing a business can make each spouse very busy that gives them no time for each other or for their children. It’s good to be productive but remember that all work and no play makes John a
For the good of your marital bond then, find time to connect with your spouse even it means just sitting beside him or her while watching TV. Set aside a specific time as well for family bonding together with your kids such as during weekends or holidays. And make sure that when you get together, your mobile devices are turned off to avoid distractions.
Also important is not to talk business when you’re at home particularly when it’s about a problem. This can only cause additional stress which can end up in arguments.
One of the most important factors that can cause a strain in your marriage is money. Many couples who are not even in business fight over money, what more those who are business partners. The more you’re involved in running a business, the greater the risk of having financial issues.
This is particularly true when you solely rely on the business for your family’s income. What happens then is you get frustrated when sales don’t reach your expectation and you have many things to pay for including your monthly utilities. And having other partners other than your spouse can be more stressful, said a personal injury lawyer Daniel Gibalevich.
For this reason, it is essential that couples set aside some amount as often as they can for their savings that they can use during emergencies. It would also help if one has a regular job that can provide a steady income.
Respect and mutual support are as important as they can help in a couple’s ability to resolve issues sooner than later.
So before you decide to set up your own business as a couple, it would be worth your time to discuss these issues and set your priorities straight.