Three married couples, all small-business owners, have build their companies together and offer this advice to partners in life who decide to become partners in business:
Playing to strengths already understood in your partner – let the sociable one handle customers or attend trade fairs, for example.
Importance of family – taking care of children is easier when your business partner has a vested interest.
Work challenges are more easily supported – from a problem employee to a delivery glitch, a couple working together can find solutions together.
Communication – good communication at work can translate to good communication at home.
More time together – working together is definitely a boon to those who love it. Sharing the profits of success doesn’t hurt either.
Not closing shop at the end of the day – taking the business home can be an exhausting problem after a long day at work.
Personality conflicts – while getting along and knowing each other well is one of the pros, consideration for differing opinions and allowing space is also important.
Disagreements happen to everyone – it’s how they are dealt with that is important.
Sources: Serene Gebara and Omar Kamal: Zenporium; Kathi and Tom Cinnamon: Cinnamon’s Chocolates; David and Stephanie Ciccarelli: Voices.com.