Working with Your Spouse on a Business Start-up

Capell, Perri. “Start-Ups and Spouses” , The Journal Report: R8, WSJ 04/30/07

This author recommends following some simple rules to avoid conflict and strife when you’re starting a business with your spouse:

• Make a plan and talk it over – the plan should include measurable milestones
  
  
• Set limits on financial and time investments; this provides a framework for deciding when to keep going or when to quit.
  
  
• Line up other sources of income in case of emergencies
  
  
• Don’t bring a spouse on-board immediately; one employed spouse with benefits can provide a safety net until the new business gets up and running.
  
  
• Take turns being the entrepreneur – this may mean one person has to put their dreams and aspirations on hold for awhile, but it offers more stability for the family.

Quote from: http://www.iahbe.org/