Many are at crossroads when it comes to starting a business with their soul mate. It is definitely not a path of roses, well for that matter, starting a business with an outside is also not without its problems. Some enjoy the challenges of building a business together and have also succeeded in this endeavor. There is no doubt that work life is a source of happiness in our marriage. But there is a huge difference between loving a person truly and being compatible with them professionally. Work and life are two different ball games. Business experts feel that not having work compatibility with a person you believe to be in a strong relationship is contradictory.
Personal complementary and professional complementary do not relate to one another. While considering a start up ensure that there is not much of redundancy. If both of you share the same skill set, it could prove to be detrimental to the success of the business as there are chances of running into conflict with one another. This can only leave you judging each other’s work turning each other passively aggressive. Too much of similar skill set can only throttle the productivity of your business. Similarly even if skills don’t overlap there are chances of failure.
With no skills in common, both tend to function like islands. Each one following different strategies will only ruin the business interest. This can lead to miscommunication and ruin your relationship. The perfect choice would be to stick to your respective strength. As for overlap is concerned get involved in a constructive debate.
Combining marriage with business is not new as it was practiced in our traditional society as well. There are thousands of soul mates that have become co-preneurs. The appeal of doing business with a soul mate can be attractive. Knowing each other for a long time though could be beneficial while running a business. Remember that spending a few hours together and being with each other for the entire day could be different. You need to work on a fresh script if you consider working with your soul mate.
Co-preneurship starts on the basis of trust and who could be more trustworthy than your soul mate. With complete faith in your business partner, it is easy to concentrate on the core business. Business is all about support since you have compassion for each other it is easier to face business challenges by being on each other’s side facing challenges and downfalls alike. Since you are familiar with the skill sets of your soul mate, it is easier to delegate.
There are three possible demerits of starting a business with your soul mate. The first being personal finances. Start a business only if you have financial resources. Both of you getting into a business with proper financial backup could be perilous. Soul mates that start with 50-50 business partnership do not succeed a things do not work out that way. Hierarchy is essential for any business, and this is application while working with your soul mate as well. Normally the balance between work life and professional life has to be maintained to overcome the painful proximity.
Are you considering starting a business with our soul mate? Wondering if it is a good idea to do business with your loved one? The answer would be yes and a no. There are successful couples that have made it possible and there are yet other than silently bear the brunt of a failed business and relationship. Many do not want to spoil their picture perfect relationship by bringing in the business aspect to it. But for yet others life is all about being a gamble. If you are caught in the right situation then everything could go right, else you end up losing everything. But remember the stakes are high.
Indulge into a start-up business relationship only if you are clear about your roles and vision without compromising on the values. You and your soul mate are ready for a business venture if you share the same values and consider your relationship more important than your business. Also, it is important to work on your personal relationship. If you are confident that you would still get into the business with this person even though he/she is not your soul mate is the deciding factor for a start-up business relationship. A start-up with your soul mate can work if you share the right vision and values.
Unless you mutually agree on the values, you cannot cut on conflicts. The most important attribute is to keep grounded even if things go wrong. If you are prepared for this challenge goes ahead and signs on the dotted lines.