risk tolerance

Couples In Business Together: 5 Things to Consider

So you’ve decided to start a business with a partner. You come up with a business plan, set your goals, and work out your physical office space. It’s time to get to work and make your business successful. Now what?

Running a successful business is never easy. Fast money and working 4 hours per week is only a reality on the infomercials that you see at 3:00 in the morning.

Running a business with your partner is even more difficult. It takes true team work.


Copreneurs: Determine Your Risk Tolerance Before Starting a Business

In my last post, I advised couples in business together to determine their risk tolerance.

I’m not a financial risk-taker. My risk tolerance is very low. I wouldn’t go to Las Vegas to gamble because losing money keeps me up at night. My husband, on the other hand, has a higher risk tolerance. If we started a business together, he’d be fine with having all our eggs in one basket, whereas I wouldn’t.

So, why is important for couples in business together to determine their risk tolerance?