Should romantic partners start a business together?
I read the following article today.
https://psychcentral.com/lib/is-becoming-a-copreneur-with-your-romantic-partner-right-for-you/
The author of the above article discusses the following points:
a. No quality time together for romance and friendship
b. Competition with the spouse
c. The world becomes too small.
d. Not enough “me time”.
I have been teaching MBA students for the last 17 years and many of them have ventured out as entrepreneurs. Quite a few colleagues of my generation, too, have started their own enterprises - some with their spouses. The reasons are different. My students belong to the millennial generation who have a different mind set in terms of values, and my colleagues may have an empty nest syndrome. Both may be impacted by the dying jobs scenario in changing industries or lack of room in the existing industries.
The author discusses the above points and makes a case for keeping work separate from home life. She advocates that couples should not work together.
To some degree i understand her point of view. I also realise that the number of romantic separations/ breakups have increased and this creates a risk in a copreneur situation. But then, I have seen a lot of couples doing a family business together, where 2 heads are better than one, and "blood" is thicker than water. With concepts like LLP, the professional liability can be separated from personal assets which are a legacy to our children.
Over time, the number of entrepreneurs is bound to increase as companies either automate or get obliterated due to disruptive changes in PESTEL.
Should I advise my students to start a "family" business?
Territory Sales Manager at TATA MOTORS FINANCE
6 年Yes sir definitely they can do their business together without any problem but they should to maintain two relation ship differently. One is business relation and family relation they should have a clear mind set that they never mesh the relation.
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6 年Chandra Kant yes they should , why not. Having said that in today's Millennial workforce led workforce there is one rule company / individual should follow that is " no rue" . Companies which are sill planning what is right and wrong would be left behind and someone tiny would disrupt . So to cut short my analysis is that there is no pattern in the changing Business model and rules of engagement . All combination is welcome. Thanks