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Rewards of Copreneurship * Working together toward a common goal you are united by a joint purpose and vision and your business partnership can expand and solidify your personal relationship. * You get to share more time, space, and experiences with the person who is closest to you.
* Synergy occurs because you must cooperate to an unusually high degree and submerge your egos to solve problems quickly.
* The business thrives on your synergized, cooperative, caring style of working together.
* You can bring each other's mood up and be cheerleaders in hard times. You can balance each other.
* You enjoy a deeper appreciation for each other's talents and skills.
* You can live and work according to your shared values.
* You can involve your children in your business.
* You can leave a legacy of cooperative business building skills to your children.
* You develop deeper bonds by involvement in the joint accomplishments.
* You have flexibility to take care of personal and family matters, secure in the knowledge that a trusted partner is "minding" the business.
* The business can grow faster because both of you are committed to the same business goals and will do whatever it takes to make the business successful.
Challenges of Copreneurship * You may see aspects of your partner that you don't like (i.e. competitive nature, poor people skills). * You can lose your sense of independence
* There is no place to hide or retreat when tensions arise
* There is increased financial risk - "All your eggs are in one basket."
* You may lose romance.
* Your different work styles may cause conflicts.
* The business may become all consuming with no personal or couple time.
* There may be resentment if one partner is not pulling their weight or wants out.
* Business mistakes can strain the personal relationship.
* The neat boundary between work and home is gone.
* Couple ownership can evoke childlike behavior in employees (they may see Mom and Pop).
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What special preparations can couples make before becoming copreneurs?
othusitse
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