Keeping It In the Family

Written by Elena Fawkner

Keeping It Inrepparttar Family

© 2002 Elena Fawkner

I'm sure you've heard this dreaded statistic before:repparttar 117486 failure rate of all start-up businesses is aroundrepparttar 117487 90% mark. Add to thatrepparttar 117488 further distinctly unpleasant fact that roughly 50% of all marriages end in divorce and you can quickly see that repparttar 117489 odds of your new small business succeeding, already slim, become positively anorexic if you run your business in partnership with your spouse.

So, what are some ofrepparttar 117490 key challenges faced by newly entrepreneurial couples and what can YOU do to reduce repparttar 117491 chances of becoming a statistic?


A structure is only as strong asrepparttar 117492 foundation upon which it's built. If you're in business with your spouse,repparttar 117493 foundation of your structure isrepparttar 117494 relationship. That needs to be like bedrock before you even *contemplate* starting a business together.

Make sure you honestly assess your commitment torepparttar 117495 business and to each other up front. Do you sharerepparttar 117496 same family values and desires? Do you plan to have (more) children? If so, how do you accommodate family responsibilities and build a business atrepparttar 117497 same time?

Discuss these issues before they arise. The last thing you, your business, your relationship or your family needs are nasty surprises. If you simply assume your spouse will cut back onrepparttar 117498 business and assumerepparttar 117499 lion's share ofrepparttar 117500 parenting responsibilities, think again. Your spouse may be makingrepparttar 117501 same assumption ... about you!

Preserve and nurture what's led you to where you are today: your relationship with each other. And that may not be as easy as it sounds.

At least inrepparttar 117502 early days ofrepparttar 117503 business, your relationship will need to thrive on a lack of quality 'couple' time or, indeed, any time at all! It is by no means unusual for new business owners to be working 16 hours a day, 7 days a week to get their businesses offrepparttar 117504 ground. That's one very important reason why your relationship needs to be in good shape before you go into business together. You don't want to be subjecting a relationship in trouble to that sort of pressure.

Look for ways to retain romantic intimacy. When you're working 16/7 that won't happen by itself. One good idea is to schedule 'dates' on a regular basis. Even once a week can make allrepparttar 117505 difference. Just make sure you don't userepparttar 117506 time to talk shop. This is supposed to be romantic time forrepparttar 117507 two of you as a couple. Tomorrow'srepparttar 117508 time to discuss business and it will be here soon enough!

You can, I'm sure, think of many other ways to keep romance alive. Start little rituals, such as candlelight dinner breaks, for example. The important thing is to always stay aware of this area of your relationship and don't let it slide, no matter how absorbed you both become in your new business.

You'll probably find you take it in turns being vigilant in this area.


It is absolutely crucial that each of you has your own clearly defined areas of sole responsibility. Any business needs one and only one person to make a final decision. This doesn't mean that one person makes allrepparttar 117509 decisions, it just means that one person makesrepparttar 117510 final decision in his or her area of sole responsibility.

Start by allocating business responsibilities between you and having a very clear understanding that each of you has final decision-making authority in your respective areas. Under no circumstances should you encroach on your partner's area of responsibility and/or override his or her decisions. Start doing that andrepparttar 117511 cracks WILL begin to appear, I kid you not! Sure, consult each other when making decisions. That's what business partners do, after all. Butrepparttar 117512 ultimate decision-making authority must rest withrepparttar 117513 one who has overall responsibility forrepparttar 117514 relevant area ofrepparttar 117515 business.

The business is notrepparttar 117516 only area where responsibility needs to be divided. Don't forget to allocate responsibility for household chores and parenting responsibilities. Who is to dorepparttar 117517 grocery shopping,repparttar 117518 laundry,repparttar 117519 cleaning and bill payments?


Each of you should treatrepparttar 117520 other just as you would a respected colleague outsiderepparttar 117521 business. So show each otherrepparttar 117522 same respect, courtesy, appreciation and gratitude that you would show any valued co-worker.

No matter how well people get along, disagreements about certain aspects ofrepparttar 117523 business are inevitable. And just as in any other business, what is important is how those disagreements are resolved.

A clear agreement on division of responsibility is a very good start and having already agreed that one of you has final decision-making authority in your respective areas means that there is always a means for resolution ofrepparttar 117524 disagreement - a final decision. Otherwise you'd find yourselves going around in circles, unable to agree, until finally one of you would take matters into your own hands out of frustration or you'd simply do nothing. And that's bad forrepparttar 117525 business and bad for your relationship.

A good way of communicating about business issues is to hold regular business meetings together. Perhaps a Monday morning partners' meeting would work well for you, or lunch on Wednesdays, perhaps. Althoughrepparttar 117526 idea of a meeting may seem a little formal at first given your relationship outside ofrepparttar 117527 business, keep in mind thatrepparttar 117528 disciplines you find in an external business are there for a reason. They keeprepparttar 117529 business on track and keep everyone focused onrepparttar 117530 task at hand. So take time on a regular basis to regroup, take stock, stay up to date with whererepparttar 117531 business is, where it's headed and what each of you is working on and planning.

Jekyll vs. Hyde, 2 Faces of Immortality!

Written by Richard Vegas

Meetrepparttar most important person you will ever meet in your life. You better! For sometime during your life you will meet him. He could appear very suddenly with such shock that his recognition will change your life forever.

When you finally do meet him he will reveal a great secret to you. The secret……that inside of you isrepparttar 117485 power that will attract everything in life you want. And, also repel it. Yuk.

This force onrepparttar 117486 inside of you has two faces. One hasrepparttar 117487 ability to attract wealth, success, happiness, love; Andrepparttar 117488 other....., hasrepparttar 117489 power to rob you of all your dreams.

One face of this power is what enables some people to climbrepparttar 117490 ladder of success and stay there all their lives. The other face, of this power, keeps some people atrepparttar 117491 bottom ofrepparttar 117492 ladder all their lives. And, that same face is what drags some people down fromrepparttar 117493 top ofrepparttar 117494 ladder torepparttar 117495 bottom.

Every adversity hasrepparttar 117496 seed of a Greater Benefit!

Oh yea, I hear some of you saying.. Listen, it's ok to sit on your pity pot now and then. Just remember to flushrepparttar 117497 thing when you're done. :>)

Let me give you an example. There was a little kid known as Clem Labine. In his day he was a great baseball pitcher. But, even while he was a youngster, he had a dream of playing baseball. One day an accident broke his index finger on his throwing hand.

It never did heal correctly and was crooked from that time on. Well, Clem thought his baseball days were over. He became very discouraged.

His coach told him that some things that appear to be disasters turn out to be blessings in disguise. It all depends on which FACE manifest's itself inrepparttar 117498 troubles that come your way.

Clem took his coach's advice and kept on playing. Soon he discovered thatrepparttar 117499 crooked finger allowed him to throwrepparttar 117500 wickedest curve ball that no other pitcher possessedrepparttar 117501 ability to throw.

All of a sudden, remember what we talked about inrepparttar 117502 first paragraph? "Suddenly"!! Clem metrepparttar 117503 most important person in his life. He metrepparttar 117504 power inside of him that would destine him for greatness. He met Barney Fife. Nah…… know I'm kidding.

Well, at that moment, Clem decided to flush his pity pot face. And when he did, he rose back torepparttar 117505 top ofrepparttar 117506 ladder just as surely asrepparttar 117507 other face had taken him torepparttar 117508 bottom. It all began with a change of attitude. I'm not minimizingrepparttar 117509 hard work, dedication, and constant effort he put forth. But, none of that would have been his salvation without a change of face.

The most important lesson he learned was this: You ready? It's simple. He learned to always look forrepparttar 117510 GOOD in his unfortunate situations. ATTITUDE. If you're looking forrepparttar 117511 good, you will find what you're looking for. I trust it's self-explanatory about looking throughrepparttar 117512 eyes of your other face.

Ok, It's time to setrepparttar 117513 prisoner free.

He used his new found attitude to setrepparttar 117514 prisoner free. Clem discoveredrepparttar 117515 prisoner was he. Have you set your prisoner free? Have you heardrepparttar 117516 quote, "I amrepparttar 117517 master of my fate, I amrepparttar 117518 captain of my soul?" You know why? Because we arerepparttar 117519 masters of our attitude.

Cont'd on page 2 ==> © 2005
Terms of Use