The Entrepreneur's Wife

Monday, May 08, 2006

Hearing the News

Having your spouse come and tell you that they want to start a business can have a lot of different circumstances.

Maybe it's a total surprise to you. Maybe it isn't- they've been making noises about this kind of thing for months. Maybe it's a business area they've been meticulously researching. Maybe it's a sudden idea that's struck them while they were stuck on the 405. Whatever the situation, your reaction can have a serious impact.

At the least, you'll need to consider the following things:

i) How serious are they about this?
ii) What are the chances that they can make this business successful? (with the sub-questions of: 'Does the idea sound good?', and 'Is my spouse the right person to make the idea successful?')
iii) What effect would this have on our current life? Would we have to make changes to how we currently do things? Is my spouse planning to quit their job (more on this later), and if so, how will that impact us financially?
iv) How does this notion change what plans I already had for us?

Some of these answers you'll know right away. Others might be just a gut feel. If you're excited by this announcement, be sure to say so- and enjoy this moment! It's the first day of the rest of your new entrepreneurial lives! If you have concerns, now's the best time to talk about them.

Tell me in the comments section what your first reaction to hearing the news was like.

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