The economy has created a new breed of entrepreneurs: couples who want to start their own business. For many couples, working side by side seems like an ideal solution, a way to combine being your own boss with spending more time together. The first thing couples learn, though, is meshing their personal and business lives is a special challenge. My wife and I started a service business together and here are five tips based on our experience to help make your journey easier.
- Share a Passion
Your business is likely to be more successful if you share a passion. It could be anything: an interest in art, a love for animals, a concern for the environment, or something else. It’s important to then determine if that shared passion can be translated into a viable business idea: something people want to buy. The best way to do this is develop a business plan that proves what you want to do can be turned into a sustainable business.
- Fill Each Other’s Gaps
We learned that we each had particular strengths and weaknesses when it came to running a business. It would be easy for these qualities to become irritants, but instead we worked collaboratively to fill each other’s gaps. If you can learn to compensate for each other’s weaknesses, accept each other’s strengths, and work toward a common goal, your business will benefit – and so will your personal relationship.
- Set Goals Together
When you set goals together, you automatically internalize them. Writing down goals and agreeing on them makes them real. You want to set a goal that makes you reach a little but is still achievable. We set goals for lots of things: the starting date of our business, the number of clients we wanted to acquire, our anticipated income each year, and even how many years we wanted to run our business. Our goals helped us visualize our success.
- Build Your Knowledge Base
In your business, you learn there are things you know and things you don’t know. When you encounter something that goes beyond your joint areas of expertise, you either have to quickly acquire the knowledge you need or get outside support. If you always have a thirst for knowledge, seek out answers, and view co-owning a business as a learning experience, you will be more likely to succeed.
- Maintain Your Perspective
Fully expect that your business will have its ups and downs. That’s why it’s important for both of you to maintain your perspective and keep yourselves grounded. You want the business you operate as a team to enhance rather than detract from your personal lives. Running a business will be challenging and sometimes seem overwhelming, but maintaining your perspective will help it be fun and rewarding.
Barry Silverstein is co-author of the new book, Let’s Make Money, Honey: The Couple’s Guide to Starting a Service Business, available in print and as an eBook on Amazon and other major booksellers.
This project is a total success! But you can still get one for yourself! Switch can be used while camping, reading in bed, in the closet, outdoors, with frightened children and anywhere else you might need light. It can used hands-free.
Switch features a unique alloy neck which can be molded into any shape to suit your needs, providing cable-free lighting with unparalleled flexibility. Need some “enlightenment” for a circuit board project? Need a light for your grill? Need to brighten up a dark basement? No problem! With some simple bending and twisting, Switch can cater to any occasion wherever and whenever you need light. After that, the belt can be straightened easily to return to your reading lamp; Switch is then ready to fulfill all your other lighting needs and to free your hands while you work or play in the light.
Switch is carefully engineered and passionately crafted. A high capacity lithium ion battery, an energy-efficient LED lighting module, and an energy management chip are generously packed into an extraordinarily compact device with dimensions of merely 4.25’’X2.5’’X1.25’’. It can also comfortably fit into your pocket, clutch, backpack, etc. Weighing only 0.55 pounds, you can barely feel Switch while wearing it. Despite its elegance and compactness, Switch is extremely durable: it can support your lighting needs for 8-14 hours. There is an elegant edition and a sporty edition.
The perks include more than just buying the lamp. You can be a partner/distributor, spend the day with the development team in Connecticut or buy multiple lamps.
Help them go even bigger here! https://www.kickstarter.com/projects/49082870/switch-the-single-lamp-that-meets-all-your-lightin
The MM Enterprise Award to open doors for young entrepreneurs
London,UK – A new enterprise scheme will open doors for young entrepreneurs to grow their business or develop their idea into a business.
The MM Enterprise Award being launched by philanthropist Matthew C. Martino in partnership with his international charity MMBF Trust is due to launch towards the end of 2015 and will offer business start-up grants, mentoring & business coaching to develop ideas further, a free level 3 business course plus invitation to key business events around the UK. The scheme will be open to 16-25year olds.
The Matthew Martino Enterprise Award is an entrepreneur’s scheme for young people which encourages and supports them to start their own business. They will do so by offering a start-up business grant, mentoring and other start-up resources which allow young people to make the most of their business venture.
Their two key awards are the Future Leader’s Award which is awarded to handful of young people quarterly and the Young Entrepreneur Of The Year Award which is an annual award providing more opportunities and resources to the winner.
For more information please visit – www.mmea.org.uk