Business
Timestamps: 0:58 - Starting a company with your significant other 2:08 - How to evaluate the potential of a founding team 7:55 - Added pressure to your relationship 17:10 - Splitting roles 21:14 - Challenging situations The episode in 60 seconds: Starting a business with your significant other can be a rewarding experience. In this episode, Dorina shared her insights about how to make it work. Rules and communication - Starting your business is a 24/7 endeavor and it can become overbearing if you also spend your free time with your business partner. Set clear rules about when you plan to take breaks from work. - Set more rules than you think are necessary because you’ll likely underestimate the temptation of wanting to talk about your business on your date night out. - Be realistic about the chances to succeed with your business and don’t make your relationship dependent on business success. How to know if your partner would make a great co-founder - As with all co-founding relationships, complementary skill sets are crucial. - Working together on smaller projects (like building an IKEA shelf) is probably a good indicator on whether you function well in a business context or not. Advantages of starting a business with your partner - Studies show that family businesses on average are more sustainable than other businesses although with lower growth rates. - Being able to share the roller coaster ride of entrepreneurship with your partner can be very valuable and rewarding. - In tough times, you won’t have to put on a brave face for your partner because they’ll know what’s going on. --- Send in a voice message: https://anchor.fm/swisspreneur/message