“The trust you have in your spouse as co-manager is greater than what you can have for any business partner.” – Stewart Friedman, Professor of Management at Wharton Business School, Philadelphia, Pennsylvania
It is a challenging enough task, in and of itself, to keep a business afloat. Add the pressures of marital life into the mix, and one can easily expect things to get messy and chaotic. Consider too the fact that an estimated half of all marriages in the United States end in divorce, and you begin to realize why it is essential for couples to think twice before they decide to start a business together.
However, and especially given the scenario above, it may surprise you to know how many successful businesses are owned and managed by married couples. Surprising as it may be, the situation is not completely unthinkable, for if you put two creative minds together, they are bound to complement each other, and generate some highly innovative ideas. Entrepreneur couples are further supported by statistics which reveal that one-third of the 5.5 million family-owned businesses are owned and operated by married couples.
picture: successful entrepreneur couple Victoria Ransom und Alain Chuard, Wildfire Interactive