3 ways to ensuring relationships and business work
26 January 2015, 19:04
Nairobi - You know when you are married to someone, each of you gets a few passes on a number of things not just within the relationship but also when it comes to money, work as well as business. As much as we all like taking the moral road and claiming that we are not mixing business and pleasure, it happens and it usually ends up with tricky situations.
When it comes to men, they do now how to compartmentalize every situation in their lives and even give it a timetable but now think of the woman. Let us say, she is dating this man that is quite the knowledgeable business man, she has an idea, has put it to work yet it has yet to bear fruit. She is going to ask the man for a few pointers and if possible put in a few hours to go through the books. One might think that she will pay him for his labor and his consultation. He is not going to bring it up, but if he dares to do so, the walk down that road will be hotter that walking on red hot coals.
Women in relationships do not know how to separate the business that they do with their partner from the personal because how she sees it is that he owes her for all she does for him in the relationship. If he even mumbles the word fee, a lot of areas that he values personally are immediately cut off because he is making her pay a fee for the service he is giving. Can he not see how much she does for him and he owes her?
Is it a good idea to start a business with a partner, say a girlfriend or boyfriend; not married spouses but people who are not even sure they will end up together? I would hate to see a perfectly good business plan go to waste because two people who are adults could learn to keep the two separate if possible put it all in a contract because at the end of the day even if the relationship ends the money that you make will remain. It is all about separating the personal from the business.
A few pointers to make this work
Everyone should be given their due
Obviously if it is your personal business and you are bringing someone in, treat it as such. Make it professional and pay them what their market rate is. It helps create boundaries.
Let pillow talk not be business talk
Someone should not feel entitled to get something from an idea that they tossed but you implemented. Because at the end of the day their idea was just a what if that they tossed around, but you are the one that experimented and took a risk. If it had taken a loss they would not have claimed part of that loss
Have a contract and a plan
So that if it all takes a rocky turn but the business is doing well, you either take a step back and let someone else manage it or you just stick it and let the plans guide you. You stick to the plan no matter what.
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