Can Emotional Partners Be Successful Business Partners?
It is not uncommon for couples to decide to
form a business partnership besides the emotional one. After all, who would you
trust more than your spouse or a life partner? However, having a great
relationship doesn’t mean that you can form a perfect business partnership.
After all, it won’t come effortlessly and
you will both have to compromise in order for the business to succeed. But,
nonetheless, many life partners bond over a business plan as well and set an
example for others to do it as well. So, if you are wondering if emotional
partners can be successful in business together, here are some suggestions on
how it can work.
Keep your personal life
The moment you allow your personal and
professional lives to mix, you will face numerous challenges that will lead to
arguing and lack of fun in the relationship. It’s nice to spend time together
working on something and being successful at it, but you need to have personal
time as well. Go for a walk, to the theatre or hang out with your friends
during weekends and off-work hours.
Also, find individual interests that will
keep you separated from each other for a couple of hours. Everyone needs some
personal space and time for themselves, so find a hobby or another activity
that will help you unwind. It’s important to determine time
together and time apart so you would have a healthy and lasting
relationship both at work and at home.
Appear as a united front before
You won’t agree on everything, and that is
okay since your business needs critical thinking and different points of views
in order to cover all corners. But when addressing your employees, you should
always appear as a united
front in order to keep the atmosphere in the company calm and harmonious.
If you really don’t agree with something right on the spot, try to be subtle
and respectful when pointing it out.
The last thing you want is to create
situations that will make employees choose between your too since that can lead
to hostile working environments. While you won’t agree on all things all the
time, there is a peaceful and practical solution for every situation.
Additionally, you would set an example to your employees how to calmly resolve
issues and approach the work responsibilities together.
Work on ideas together
The strength comes in numbers and it is
also a valid premise here as well. After all, brainstorming
is intended to include as many people as possible in order to come to great
solutions and ideas. This approach will help you when you get stuck and can’t
think of any way to resolve the situation.
Go out for a picnic or brunch and discuss
some ideas, concepts and possible future ventures together to come up with the
decision together. It’s important that the environment is not stressful and you
can comfortably try to figure out your next step or how to improve your
Ensure yourself legally before
While being romantic and believing in
happily ever after is good for a relationship, in business you have to be more
realistic. The best way to start your commercial partnership is by hiring legal
representation like Doolan
Wagner Family Lawyers and see how you can protect your business. Namely, in
case of separation or divorce, it’s best to know what will happen to the shares
you and your spouse have in the company.
This way, you will be able to negotiate
additional terms, know where you would stand from a legal point of view and
find out what to do with your business in case you can’t reach an appropriate
agreement. It may not be something you will feel happy to deal with now when
your relationship is going great. However, it’s just a precaution and a prudent
business move that will ensure you both part ways or continue to work together
in a comfortable setting.
Respect working hours
Just like not bringing your work to home is
important for you individually, it’s imperative for you as a couple. Once the working
day is over, clock out and head home to relax and enjoy some downtime. Of
course, there will be times when you will have to work late nights and even
weekends, but don’t make it a habit.
Overtiring yourself will not bring more
profit or success and may even lead to mistakes that can cost you both. So,
establish your working hours and agree that you will both respect them unless
the situation demands otherwise.
When emotional partners start working
together, they are put before a number of challenges which they need to conquer
in order to be successful business partners. From deciding how to balance their
working hours and personal time to have in place legal precautions to protect
their business, they will face some trying moments. However, this is not an
impossible endeavor and can even be long-lasting venture if the couple can
manage to compromise and share.
Last modified: May 7, 2019