How Do I Avoid Common Pitfalls of Working With My Spouse?

In This Episode

As far back as I can remember, my parents always worked together in their business. So growing up, I thought this was a pretty normal thing. It wasn’t until I got out into the business world that I truly gained an appreciation for everything my parents did to not only have a thriving business for 40 years but also a wonderful marriage that is approaching 50 years.

We’ve coached dozens of clients over the years where both spouses are directly involved in the business. We always caution our clients and encourage them to think long and hard before bringing their spouse into the business as there are several potential pitfalls they will want to avoid.

Some of these pitfalls are more obvious than others. For instance, most business owners understand that they shouldn’t bring personal stuff into the business. So that dumb thing your husband did last night that caused all the fuses to blow out in your house, keep that at home. But what about abdicating the financials to your spouse without any oversight from you? I mean, your spouse wouldn’t steal from you, right? We’ve seen lots of things you wouldn’t believe!

During tonight’s show we share a lot of “Do’s” and “Don’ts” when it comes to working with your spouse. So whether you currently work with your spouse, you are considering bringing your spouse into the business, or you know some spouses who already work together, tonight’s show is for you!