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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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16y ago

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