11/03/2005

Running a Business With Your Spouse

Some people have a hard time thinking about being with just one person for the rest of their life. No more dating, flirting, or just picking up and leaving. Once your married, you have more than just yourself to think about. Going to work is a nice change from the home sceen. You get to leave it all behind and relax at the office. Now think if you worked with your spouse. Everyday, all day long you would be together. This can work for some people. In the article I found it says that you want to make sure you're working together because you enjoy being together. Just going on love isn't going to cut it. You could be madly in love with someone at home, but in the office they could be a completely different person. I agree with this article. I think you should keep your personal life seperate from your work life.

5 comments:

taylor said...

I also agree. I don't care how much you love someone you always need a break from them. I think being away from someone you love during the day would make it so much better to come home to them in the evening. I think working with your spouse would put a serious strain on your marriage.

Connor said...

I agree for the fact that I am a different person when it comes to business then I am with my girl. Therefore, I believe that when couples work together and they are having marital issues, that the chances for making bad business decisions increases. Therefore, it is best to not mix business and marriage.

Morgan said...

I guess depending on the couple, owning a business together could be a positive thing, however, what if the marriage goes bust? In a society where divorce is more common that staying married, I think that it is important to be self-sufficient, and financially capable. It's not to say that spouses couldn't run a thriving business, however, if they're literally banking on their business to provide their sustenance, hopefully they will stay together, and will also be involved in various projects in order to spread some of their risk.

Chloe said...

I think that in most cases this is true, especially if you're working for someone. However, if you start up your own company I think it could be very beneficial to have your wife help out with the accounting or some area of the company. Then she'll have more of an idea of what's going on, and you don't have to pay someone else to do it.

Dr. Tufte said...

Coase pointed out that structures like firms exist because they are more efficient than paying transactions costs to make deals outside of that structure.

Most people would get offended if you applied that to marriage, but surprisingly a big part of it works exactly the say way. Think about it: most peoples' complaints about dating are complaints about the costs involved in the process.

So mixing a business and a marriage is kind of like mixing two business without actually uniting them into one unit. That doesn't seem very bright, on a number of levels. My guess is that mixing marriage and business is the same.

FWIW: Personally, I always made a point of not dating people I worked with. The one exception I made to that rule was the woman I ended up marrying.