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Inter-RACE Relationship Coach and Mentor

Coach and Mentor for Relationships and Life

Partners in Love and Business

So you think you want to start a business and possibly work with your spouse. Sounds simple doesn’t it?   My husband and I have worked together in various home based businesses for over 17 years.   Our first two years were pure hell.  Race was not the issue.  Our personalities clashed, we argued on routines, strengths, weaknesses, habits and everything else you can think of.  Amazingly enough we continued working together and now it is much easier.   We have had so many different businesses over the years.  Some of our business have been successful, some mediocre, and some a complete failure.   Nevertheless, we continued dreaming, building and pressing through.  Our last business we recently sold was the most successful that we owned and operated for five years.   We worked the best together in this last business, because we had more respect for each other’s work style, strengths, weaknesses, skills and expertise each brought to the table.

However, there are so many positives to owning a business and working together.   Business ownership can create financial freedom for couples and families.   Business owners are able to make their own schedule, hours, vacations, appointments and do not need permission from anyone else.  You and your spouse can take afternoon breaks whenever you want together.   The money that is made you both decide how it is spent, saved and put back into the business.   Rules, standards, code of business conduct, business culture and everything else can be done just the way you want.

Below are practical tips to consider before making a decision to start a business and work together.   

Love what you’re doing: If you do not like your job and the people you work with, it makes it hard to want to go to work. It is the same concept in business. Why would you be excited to do business if you do not like what you are doing and who you are doing it with?  Make sure you choose a business that you enjoy, like, and even have a passion for.  Also, make sure your relationship is strong and secure enough to weather the storms and adjustments that will surely happen as a business owner.

Money can’t be your main objective: Know what your motives are for starting a business. Is making money your number one objective for being in business?  If so, you may want to reconsider starting a business.  Here is the reality, more than 50% of businesses fail within the first five years, and the average business owner is barely able to break even within the first few years. Lots of money may or may not come. Will you be okay with that?

You cannot love security: If you like financial security and stability, being a business owner may not be for you. The reality is, business can be up and down and all around, literally. Some days you may generate a whole lot of money and some days zero. It may be hard to budget your money, because you do not know how much will come in each week or month. The secret: during good times is to store money away to sustain you during lean times.

Qualities needed for the small business owner:

  • Must be a risk taker.
  • Must be self-motivated, an optimist, and believer in yourself
  • Must know or learn how to network
  • Must be creative and competitive
  • Have the ability and tolerance to endure hard times 
  • Cannot be lazy, feel entitled and think they are a know it all

We would love to help you start your business.  Our expertise is helping you create a "healthy" work environment as a couple.  Build a strong financial foundation that will sustain your household and business, and implement systems to help your business operate smoothly.   

If you are in an interracial relationship and would like to start a business, call:  770-966-5236

Patience...

Understand each other's strengths and weakness, and respect them.