#26 - Husband and Wife as Business Partners

Empowering Healthy Business: The Podcast for Small Business Owners

Many businesses are run by husband and wife teams. While that can be a powerful combination for the business, there are unique dynamics and challenges when spouses or other family members work together. In this episode, Robert and Kay Lee Fukui share their experience and insight into how spouses can most successfully work together as business partners.
More specifically, this episode includes:

• Advantages of Family-Run Businesses
• Kay Lee and Robert’s Background
• Importance of Financial Metrics in Running a Business
• Assessing and Determining Job Fit for Family Members
• Hiring Your Children
• Structuring Accountability Discussions with Your Spouse
• Managing Boundaries Between Work and Home Life
• Avoiding Divorce When Your Children Go To College
• Parallels with the Entrepreneurial Operating System
• Robert and Kay Lee’s Consulting Business

Reach Robert and Kay Lee Fukui at https://marriedentrepreneur.co/

Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.

Thanks for listening!
Host Cal Wilder can be reached at:
[e-mail]
https://www.linkedin.com/in/calvinwilder/

Capitoli

1. #26 - Husband and Wife as Business Partners (00:00:00)

2. Advantages of Family-Run Businesses (00:00:39)

3. Kay Lee and Robert’s Background (00:05:14)

4. Importance of Financial Metrics in Running a Business (00:08:35)

5. Assessing and Determining Job Fit for Family Members (00:12:42)

6. Hiring Your Children (00:19:10)

7. Structuring Accountability Discussions with Your Spouse (00:24:01)

8. Managing Boundaries Between Work and Home Life (00:26:09)

9. Avoiding Divorce When Your Children Go To College (00:37:00)

10. Parallels with the Entrepreneurial Operating System (00:45:41)

11. Robert and Kay Lee’s Consulting Business (00:47:53)