Mixing Business & Pleasure: 5 Ways Couples May Find Success Operating Like A Business

Mixing Business & Pleasure: 5 Ways Couples May Find Success Operating Like A Business


When I reflect on the needs of most couples who are looking for advice and planning help, I recognize that often each member of the partnership is on a different page. It seems as if the left hand isn’t aware of what the right hand is doing. In some ways, approaching marriage like a business may drive greater awareness and a shared joy of accomplishment. Creating a Couple’s Business Plan and systematically revisiting it may help create better outcomes and more harmony. Five disciplines that successful business’s employ that may offer couples clarity, direction and stronger communication come to mind.

#1 Identify Operating Norms For Your Partnership

What drives your decisions and how will your team make them? We recommend communicating about your:

Core Values

– Assumptions and Stories

– Character Strengths

– Needs

Are you aware of what makes your partner tick? Create more understanding by exploring these important topics together.

#2 Clearly Defined Roles

You may be incredibly efficient if you divide and conquer more effectively. This involves identifying each partner’s strengths and weaknesses and comparing them to the tasks you need to tackle. Put tasks into departments and assign a manager based on strengths to offer the best outcome. We learn more, faster with a combined effort and alternative perspectives. Be sure to be clear on who makes the final call in each department

#3 Strategic Direction

Get clear on what you want and how to get it.

– Discuss and draft a Vision Statement.

– Set meaningful goals, both long and short term.

– Discuss your life’s aspirations with your partner.

– Talk about your wildest dreams. What would you do with your time if money were no object?

#4 Create a Business Plan

Put together a Business Plan and revisit it systematically. Create measurable goals to evaluate using projections and what-if, plan B alternatives. Get a handle on the numbers and track the ones that matter. Understand those factors that you can control like saving, spending and investing and those you cannot control like inflation and market returns. Don’t ignore the financial commitment to running a successful business. Keep the books and know your data.

#5 Hire An Objective, 3rd Party Advisor

Whether you use a personally elected Board of Directors (family and friends) or professional partners (CPA’s, Financial Advisors and Planners), there’s a benefit to an outside perspective. Don’t let things fall through the cracks in the business of being a happy couple. Delegate those matters of high importance to trained Advisors who can guide your team to success.

At Team Duncan Financial, we help couples build a Business Plan to keep them on track toward inspired goals. We help household partnerships clarify and simplify decision making by recognizing that many parts of the relationship are actually just like a business that needs systematic attention, effective communication and a step-by-step process to lead couples toward well-being and a life that really matters. We invite couples for a Discovery Experience with Team Duncan to take the first step in building your Couple’s Business Plan.

Moloney Securities Co., Inc. is a Registered Broker-Dealer and Member FINRA & SIPC

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Moloney Securities, Team Duncan, Financial DNA, https://financialdna.com/financial-dna-natural-behavior/, the Riso-Hudson Enneagram Type Indicator, or RHETI, test: https://tests.enneagraminstitute.com/, and The Money Couple:https://themoneycouple.com/,  are not affiliated entities.
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Post by Amy Duncan

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