advantages and importance of husband and wife team management?

Answer 1

More than one marriage therapist has stated that a family business is a lead-pipe cinch for having a dysfunctional family due the lack of appropriate bounderies.

If you merge your home life and your work life, you're asking for a lot of confusion. At the very least, you won't ever be able to "come home from work" or "leave home problems at home". A problem in one area is likely to be a problem in the other area.

Worse yet, if the business relationship breaks down, or the marriage breaks down, then both parts are usually toast. Sonny and Cher might've made a go of it after the divorce, but Ike and Tina are more the norm here.

I've seen more than one medical doctor keep their spouse in charge of their medical practice long after it was clear that changes needed to be made, simply because the doctor didn't want to risk a divorce by firing them.

Answer 2

Husband and wife owned businesses are on the rise and the benefits of working with the spouse has obvious benefits - similar routines, a high level of communication, trust, loyalty, and resiliency to hard times. Companies have risen to new heights under husband and wife duos - they have proven themselves capable beyond restaurants & corner shops.

On a superficial level, a husband-wife team should be a dream team but the business dynamics get complicated. I’ve had the privilege of working with a few high caliber couples in real estate, property management, and creative services and here are some of the things I’ve noticed.
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-As their relationship requires they are balanced decision makers. In general, their problem-solving capabilities are well developed so long as they can compromise and reach a solution on everybody’s terms.
- The project management life cycle typically takes longer as decisions need be unanimous.
- Collectively, they value character highly and prioritize it along with skill and convenience.
- They rarely burn bridges.
- As long as a vendor is in the good graces of either, life is good. This is especially true in smaller couple-owned businesses.

Some cons I’ve noticed though, are:
- The health of the business relationship is highly dependent on the personal relationship and vice-versa.
- The burden of financial & operational responsibility is sometimes weighted heavily on the husband. If something falls through the cracks at the chief executive level it simply just doesn’t get done.
- Typically, the larger the company the larger the responsibility gap between husband and wife.
- The business, if built jointly, may fail taking the relationship with it. Fortunately, I haven’t seen this happen.

One project with a husband-wife duo was with a multi-family apartment management company. During the 5 years I knew the couple I had witnessed the growth of their million dollar business by more than 150% all while raising 3 children, 1 of which was born during that time. Few entrepreneurs are lucky enough to find a second-in-command which can raise children as well as perform general manager & operations management duties to perfection.

As far as project lifecycle goes I’ve had the best luck assigning PR, administrative duties, and preliminary proposals to the wife and handing development and proposal writing tasks to the husband. Husband-wife businesses play a growing role in everyday businesses - they’re some of the most dynamic, challenging and rewarding clients to meet.

Go to this link: http://www.celcee.edu/publications/digest/Dig02-03.html

Answer 3

Importance/advantages

It is very important to stick together when your married, Any divisions and you have difficult times, A house divided will not stand. Work with both your weakness and just cheer him on if he knows what he doing. The advantage of having two is (you know the slogan) Two heads are better than one!! A family that prays together stays together!!

Answer 4

Absolutely no advantages. Importance is that there is no team management, or both the business and marriage will fail.

Answer 5

Share duties. Support one another but be ready to do what needs to be done when it needs to be done. That's Teamwork.

:o)

Answer 6

advantage:make love whenever they can.cons:unfaithful