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Ask Questions Before Going into Business with Your Spouse - Part One

Starting and running a business is rarely a safe or simple process, and doing so with one's spouse creates an additional layer of complexity. Whether that complexity will have a positive or negative effect depends on several factors. Here are some of the questions you need to discuss before going into business with your spouse. Stay tuned because Part Two will be posted on this week as well.

  • How well do you work together at home? If you cooperate and collaborate for domestic chores, you'll probably carry that pattern into your workplace.
  • If you bicker constantly over how to do the laundry or maintain the yard, working together in business might be a risky option.
  • Even if you work well together, some disagreements are inevitable. How do you handle differences of opinion?
  • Will your business be adequately capitalized? You won't have an outside salary to fall back on during hard times.
  • Will there be other partners or employees? Each spouse's role and responsibilities with respect to coworkers and subordinates should be clearly defined.
  • Spouses with drastically different management styles can make life miserable for employees and each other.

Come back because Part Two of 'Asking questions before going into business with your spouse' will be posted this week.

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