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Tips for running a business with your ex

On Behalf of | Apr 28, 2023 | Divorce |

You and your ex-spouse have decided to continue running your business together after your divorce. It may seem like a challenging task at first, but with clear communication, mutual respect and proper boundaries, both of you can make it work.

Running a business with your ex-spouse will require flexibility and compromise. You may need to make adjustments along the way, such as revisiting your roles and responsibilities or revising your communication methods. Stay open to change and be willing to adapt when necessary.

Keep communication open and professional

Make sure you both understand the importance of maintaining open lines of communication, especially when it comes to your business. Keep your discussions focused on the company’s needs and goals, avoiding personal issues that may have arisen during your marriage. Set up regular meetings or check-ins to discuss business-related matters and ensure you are both on the same page.

Establish clear roles and responsibilities

It’s essential to define each person’s role within the company, to avoid confusion or potential conflict. Be specific about your duties and make sure your ex-spouse does the same. This clarity will help both of you know what is expected, preventing any misunderstandings. It also enables your employees to know who to turn to when issues come up.

Set boundaries

To maintain a healthy working relationship, you must establish boundaries between your personal and professional lives. This might mean not discussing your personal lives while at work, or not taking work-related conversations home with you. By creating a clear separation, both of you can focus on your respective responsibilities without getting distracted by personal emotions. These boundaries may become especially important when your or your ex has a new significant other who attends work functions.

It’s crucial to have a backup plan in case your working relationship becomes unbearable. Discuss and agree on an exit strategy and a plan to handle potential conflicts, ensuring that your business will not suffer if challenges arise. It’s also best to have everything in writing so you can refer to the documentation when necessary.