The Pros and Cons of Being in Business with your Significant Other
This video Alexander Fazelani goes over the good, the bad, and the ugly of owning multiple businesses with your significant other. When it comes to business and love there will always be challenges. Most of those challenges can be overcome with good communication and honest reflection. Running a business can be hard enough if communication is not the bedrock that supports your relationship you might want to reconsider getting into business with your partner.
The Foundation: Best Friends Turned Life Partners
Alexander and his wife had the advantage of a strong foundation in their relationship. They were best friends for 12 years before taking the leap into a romantic partnership. This solid friendship helped establish a level of trust and understanding that served as a strong basis for their entrepreneurial endeavors.
Difficulty in Switching Off: As passionate entrepreneurs, Alexander and his wife find it challenging to disconnect from business discussions even during leisure activities or vacations. They enjoy talking about their businesses, but it leaves little room for other topics of conversation.
Unique Arguments: While typical couples may argue about household chores, Alexander and his wife often find themselves arguing about business-related matters. Their disagreements revolve around tasks, deadlines, and other aspects directly related to their businesses.
Amplified Stress: Since their work and personal lives are intertwined, stressful situations can have a more significant impact on their overall well-being. While celebrating successes together is incredible, dealing with negative situations can be equally intense. However, they have learned to support and uplift each other during challenging times.
Working with Your Best Friend: Alexander considers it a privilege to work alongside his best friend every day. They get to share the ups and downs of business, create together, and rely on each other's support. This has enhanced their communication skills and strengthened their overall bond.
Understanding Strengths and Weaknesses: Having known each other for a long time, Alexander and his wife have a deep understanding of each other's strengths and weaknesses. They complement each other well, knowing who excels in certain areas, such as sales or design, and leverage their talents accordingly.
Brainstorming Becomes Exciting: Brainstorming sessions between the couple are stimulating and enjoyable. The fusion of their ideas often leads to exciting possibilities and fuels their passion for their businesses.
Enhanced Accountability: Being in business with your significant other provides a high level of accountability. Alexander finds it advantageous to have his accountability partner just a room away, pushing him to stay focused and committed to their shared goals.
Running two businesses as an entrepreneur with your significant other can be a unique and fulfilling experience. While it presents challenges such as difficulty switching off, arguments centered around business matters, and amplified stress levels, there are also significant advantages. Working with your best friend, understanding each other's strengths and weaknesses, enjoying the thrill of brainstorming together, and benefiting from enhanced accountability are all valuable aspects of this entrepreneurial journey.
Ultimately, the success of running businesses as a couple depends on open communication, mutual respect, and a shared vision. Alexander and his wife have found a way to navigate the complexities of their joint ventures, building a strong personal and professional relationship along the way.