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Limiting Risk When You Tie The Business Knot
Up-to-date statistics on married-couple-owned businesses are hard to come by, but both the International Franchise Association and the National Federation of Independent Business agree that they’re seeing a resurgence.”Over the last five years, we have seen our married couples in business together go from about 20 percent to just slightly under 50 percent of our members,” said Steve Everhart, who with his wife, Nona, operates Senior’s Choice in Capistrano Beach, Calif., a franchising operation that trains its ”members” to operate home health care businesses.
Here are some ways couples can cut the risks when going into business together:
- Keep one day job.
- Run the numbers.
- Insure yourselves.
- Be professional.
Photo by weddingcakes2001.
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