How to Go Into Business With a Spouse

You and your spouse can be partners on the job as well as at home, as long as you set some ground rules - and never forget that you are a couple first.

Things You'll Need

  • Men's Suits
  • Business Books
  • Business Loans
  • Marriage Services
  • Small Business Credit Cards
  • Business loans
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Instructions

    • 1

      Determine whether both of you want to and can afford to work together.

    • 2

      Create a joint vision and mission statement.

    • 3

      Prepare a plan that articulates the needs of both your business and your marriage.

    • 4

      Separate work and family conflicts by establishing ground rules, such as, "No business discussions in the bedroom."

    • 5

      Divide responsibilities and write job descriptions for each of you.

    • 6

      Schedule weekly or daily business meetings, just like you would at a regular company.

Tips & Warnings

  • Respect your differences.

  • Take time out to be just a couple, and not business partners.

  • One of you may secure a steady job with benefits and work only part-time in the business.

  • The work must be pleasing to both of you.

  • If trouble arises, remember that you are a couple first and partners second.

  • If you have trouble in your marriage, teaming up in business could be difficult.

  • Expect to fight from time to time - it's natural.

  • Learn to forgive.

  • Be sure your financial stability is secure before you both quit your jobs.

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Comments

  • Elizabeth Cogswell Baskin May 05, 2009
    Some husband-wife business teams find it helps to let each partner have their own territory. If one is the marketing genius and the other the operations know-how, or there's some other division of roles, that helps reduce friction. It's much easier if each person gets to be the boss of something.
  • Maureen Bloesch Mar 22, 2009
    interesting article...
  • Maureen Bloesch Mar 22, 2009
    interesting article...

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