Monday, 1 December 2008

Having A Home Based Business With Your Spouse

Working with your spouse can be one of the best things that you have ever done.  Since you are already comfortable with your spouse, hopefully, having a home based business with them may be the best way to go.  Strangers may not may good employees and you may be uncomfortable having them come into your home to work.  However, deciding to have your spouse as your partner in a business venture is a huge step.  You want to be sure that this decision does not interfere with the marriage.

 

The first thing to do is envision yourself working side by side with your spouse.  How does that feel to you?  If the two of you have a good partnership in the marriage it could be a good fit.  However, if things are often tumultuous on the marriage front you may want to rethink the joint work venture.  If you two do not typically get along then working together may not be the best way to go.

 

If you plan on having a spouse run business, the two of you have to decide on what type of business you are going to have.  You cannot expect your spouse to be all about running a business that they have no interest in.  Find an endeavor that both of you enjoy and will be able to take a part in running.

 

Before the two of you get the business going you should set goals.  What is your spouse hoping to get out of the business?  What are you looking for?  Figure out these answers so that you are both on the same page.  Your spouse may be hoping for extra income while you are hoping to quit your job and go with the home based business by itself.  This can work if you are okay with running the brunt of the business while they just help out.

 

Draw up a business plan and get some feedback from a professional.   Are your goals realistic or are your dreaming too much?  Keep things in perspective and you will have a better chance of having success running the business with your spouse.  No matter how strong the marriage is, you want to be sure that everyone is one the same page and that the business plan that you two have is something that is doable.      

 

Figure out what your role will be and what your spouse will be doing.  This is a good way to set clear expectations so that both of your know what is expected.  Of course your roles will have to be flexible because of the unpredictable nature of business.  You just never know what can come up, but for the most part you will need to be able adjust to the changing climate of the business.                    

 

It is essential that the two of you communicate with one another.  Don’t hold back when you have an idea or concern.  Let your spouse know exactly what you have in mind.  This will help to eliminate many of the problems that can come up when spouses run home based businesses together.