So you’re thinking about starting a business with your partner?
Getting into business with the man, or woman, you get into bed with is no easy task. It’s not for everyone and it can be hard at times – but it was also easily the best thing Joe and I have ever done. Here are some things I wish I knew before we jumped into our business together that you might want to know before you do the same thing, too!
1. Having Pre-Defined Roles In The Business is KEY
So many businesses that I have either seen with my own two eyes, read or heard about that have failed when the life partners became business partners – were the businesses that started out without any clearly defined roles for each person. If you are both trying to always do the same thing you will drive each other batshit crazy. Have separate and clearly defined roles in order to live and work in harmony! In our business, I handle all the marketing, social media and am the “face” of the business. That means that I am seen and heard much more than Joe but his roles are vitally as important as mine. He is the coder and techy genius behind our entire girl boss movement. He also pays the bills, does the laundry, takes out the trash, does the dishes, manages all our funds, takes care of the dog and all the shit that I hate doing LOL! He is sooooo important to me and this business and it truly takes both of us holding strong in our individual roles to make this thing work.
2. Always Have A Plan For The “What If” Factors
No one likes to talk about the divorce before they jump into the marriage, but legally it’s best to have your bases covered for all the what ifs. It doesn’t have to be negative and you can do it quickly and easily, but I would recommend getting it on paper and in writing. You should know what were to happen if you break up and go your separate ways. Will you still run the business together? WIll one person buy the other out? You can do this on your own, but if you can do it – I would get a lawyer and set everything in stone.
3. Have Separate Offices Or Plan To Spend Some Time Apart
Since we live in a 400 sqft studio apartment in the Pacific Northwest, this was reallllly for us at first! But now that we have been living here and doing this for well over a year, we have a system down. I have done a LOT of work, especially podcasts and video recordings, in the closet and Joe has spent a lot of time at Starbucks and on our patio outside when it isn’t raining LOL. It truly is just zig and zag. I urge you though to make time for yourself to be apart. Your relationship and business will be better because of it!