Building a business with your spouse can be one of the most rewarding experiences of your life, but it’s not without its challenges. My husband and I have been married for 12 years, and we’ve built two successful businesses together: a financial education company and a full-service real estate firm. In this article, I’ll share our story of entrepreneurship and love, and provide practical advice to other couples looking to start a business together.
Be sure to grab one of my favorite journals HERE, sit down with a cup of tea and read these thoughts, below:
Lesson #1: Find a shared passion about Entrepreneurship
One of the keys to our success was finding a shared passion that we could both work towards. When you’re building a business with your spouse, it’s important to find something that you’re both passionate about, and that aligns with your values and goals.
The First Business
As our financial education business grew, we started to see the potential for a larger impact. We decided to launch a full-service real estate firm, with a focus on helping people achieve their financial goals through real estate investing. We had no previous experience in real estate, but we were confident in our ability to learn and adapt.
Lesson #2: Embrace the unknown
Starting a business in a new industry can be daunting, but it’s important to embrace the unknown and be willing to learn as you go. As a couple, you have each other’s support and can divide tasks based on each other’s strengths.
The Challenges
Building a business with your spouse can be challenging, and we faced our fair share of obstacles along the way. We had to learn how to communicate effectively, balance work and family life, and deal with the stress and uncertainty of entrepreneurship.
Lesson #3: Communicate effectively
Communication is key in any business, but it’s especially important when you’re working with your spouse. We learned that it’s important to set clear expectations, establish boundaries, and have regular check-ins to make sure we were on the same page.
Lesson #4: Balance work and family life
When you’re building a business, it can be easy to let work consume your life. We had to learn how to set boundaries and make time for our family and each other. It’s important to prioritize your relationship and make time for non-work activities.
Be sure to grab one of my favorite journals HERE.
Lesson #5: Deal with stress and uncertainty
Entrepreneurship can be stressful and uncertain, and it’s important to have strategies to manage this stress. We found that exercise, meditation, and spending time outdoors were helpful in managing our stress levels.
The Rewards
Despite the challenges, building a business with your spouse can be incredibly rewarding. We’ve been able to build a life and a business that aligns with our values and goals, and we’ve been able to support each other along the way.
Lesson #6: Celebrate your successes
As a couple, it’s important to celebrate your successes and acknowledge each other’s contributions to the business. Take the time to recognize milestones and achievements, and don’t forget to show appreciation for each other’s hard work.
Lesson #7: Remember why you started
When you’re facing challenges in your business, it can be easy to lose sight of why you started in the first place. But taking a step back and reminding yourself of your original vision and purpose can help to re-energize and refocus you.
For us, our purpose was always to help others achieve financial freedom and build wealth through education and smart investments. When we were facing challenges or setbacks, we would remind ourselves of this purpose, and it would give us the motivation to keep pushing forward.
Remembering why you started can also help to provide perspective and prioritize what’s really important. When you’re in the middle of a crisis or dealing with a difficult situation, it can be easy to get caught up in the moment and lose sight of the bigger picture. But by taking a step back and reminding yourself of your original purpose and vision, you can gain a better perspective on what’s really important and make more informed decisions.
In conclusion, building a business with your spouse can be a challenging but rewarding experience. By following these tips and lessons we’ve learned along the way, you can strengthen your relationship while also building a successful business. Remember to communicate openly and honestly, set clear boundaries, find ways to support each other, stay flexible, manage stress, and remember why you started in the first place. With patience, perseverance, and a strong partnership, you can achieve your dreams together.
If you can relate or would like to share your thoughts, feel free to leave your thoughts in the comment section below.
