Is working with a Spouse a Death Knell for Entrepreneurs?

Should You Work With Your Spouse? Experts Weigh the Pros and Cons

Entrepreneurs Kenner French and Liliana Faulkner debate the merits of working with your spouse in this episode of Vast Voice. While Liliana initially advises against it, Kenner offers a more nuanced perspective, highlighting the potential benefits and proposing strategies for success.

Pros of Working with Your Spouse

  • Stronger Connection and Shared Goals: Working together can foster a deeper understanding of each other's professional lives and create a sense of teamwork towards shared goals.
  • Clear Communication and Trust: Existing trust and strong communication skills can be a valuable asset in a business partnership.
  • Cost-Effectiveness: Hiring your spouse can be a cost-saving measure, especially for startups.
  • Enjoyment: Working with someone you love can be fun and fulfilling.

Cons of Working with Your Spouse

  • Work-Life Balance Issues: Work conversations can easily bleed into personal time, leading to burnout and resentment.
  • Blurred Lines and Conflict: Separating professional disagreements from personal conflicts can be challenging.
  • Financial Strain: If the business fails, both incomes could be jeopardized.

Key Considerations Before Working with Your Spouse

  • Trial Period: Start with a small project to assess compatibility and working styles.
  • Clear Boundaries: Establish clear boundaries between work and personal life. This could involve designated work hours or "no work zones" at home.
  • Work-Life Balance Strategies: Implement strategies like "focus days" for work and "free days" for personal time to maintain a healthy balance.

The Importance of Communication

Both Kenner and Liliana emphasize the importance of open and honest communication as the foundation for a successful working relationship, regardless of whether your partner is your spouse or not.

Conclusion

The decision of whether or not to work with your spouse is a personal one. By carefully considering the pros and cons, implementing strategies for success, and prioritizing communication, couples can increase their chances of having a positive experience.

 

If you have any questions you can reach our office at:

VastSolutionsGroup.com

Phone: (888) 808-8278
Email: info@vastsolutionsgroup.com
Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Kenner French, is a former small business contributor at Forbes.com, author of three books, an executive at AI-focused VastSolutionsGroup.com, a keynote speaker, and a Dave Matthews Band fan!

 

 

Kenner French

View posts by Kenner French
...of ABC's Shark Tank says in this video that Kenner is using AI "in an innovative way to help (entrepreneurs) save on taxes." Kenner has saved hundreds (if not thousands) of entrepreneurs IRS/tax dollars, increase wealth, and protect their financial legacy. His strategy can work for you as it has so many entrepreneurs across the globe!
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