Connect with us

Work Life Balance

The Science Behind Working With Your Spouse

Neither marriage nor entrepreneurship nor combining the two is easy, but it often works out quite well.

John Rampton

Published

on

marriage-spouse-business-partnership

When I got married I tried working with my wife. It didn’t go over so well. My wife had a very hard time separating work from family, while I found it very easy. We started to fight often. After three months of working together, we decided jointly that it wasn’t working for us.

We haven’t fought like that since. Years later and with children in the mix we’ve learned a lot about each other. I’ve learned that the key to working with your spouse at work isn’t that different from learning to work with your spouse in a marriage.

One of the most popular benefits of starting your own business is having the flexibility to spend more time with your family. You’re the boss and can set your own hours. But some entrepreneurs want to spend even more time together – and start their own co-owned business venture.

According to the National Federation of Independent Businesses, 43 percent of small businesses are family businesses with 53 percent of managers in these businesses are identifying a spouse as the family member who is sharing day-to-day management. With even more people opting to tread the path of the entrepreneur, we could see more and more couple-owned businesses.

“We assume that [husband and wife-run companies] are a wonderful thing because there are a number of high-profile couples who are still around to talk about their businesses and their marriages and how they make it worked,” says Wharton management professor Laura Huang. “But in general, it may not be a good idea to go into business with your spouse.”

Related: Taking the Entrepreneurial Leap? Get Your Spouse on Board

Yes. Working with your spouse comes with a lot of pros. One pro is sharing the same goals and values and being able to celebrate success together. While you’re celebrating – the spouse actually knows what you are celebrating and why it’s important. The spouse-partners seem to have a deep trust and understanding of each other, personally, as well.

business-couple-fight

There’s also the other side – the cons. This includes handling the pressures of the working situation in a different way. Think about how you might bring work stress home then try not to discuss the elephant in the room. The personal and professional pressures then, sometimes become intermixed.

But, what does science actually say about working with your spouse.

A five-year study of around 5,000 couples conducted by Brittany Solomon and Joshua Jackson of Washington University in St. Louis found that a spouse’s personality affects your career.

Their research uncovered that conscientious people foster success wherever they are, and in whatever space they live in. Conscientiousness is characterized by a tendency to be organized and dependable. It also creates conditions that foster success in all other areas of their lives.

Because of their innate attention to detail, conscientous people notice and support their spouse by helping them complete day-to-day household tasks. The conscientious person encourages habits like reliability, and helps others to reduces their overall stress. They are more likely to be promoting a healthy work-life balance.

While that’s a start and provides a little insight, it doesn’t focus on couples working with each other in a joint business venture.

Research from the Danish Institute of Labor Economics (IZA) [I know, the acronym doesn’t match in English] looked into this phenomena. The Institute collected a sample of 1,069 Danish couples who had established a joint enterprise between 2001 and 2010.

The research found that starting a business together provided significant income gains for the couple. Nicole Torres in the Harvard Business Review, commented on this research. Torres “suggests that starting a business together is typically a sound investment of both spouses’ human capital. It has the added benefit of reducing income inequality in the household.”

This same study “also found that couples that open businesses together are no more or less happy than other couples.” Data was measured by usage of antidepressants or anxiety/insomnia medications.

Torres continues, “they’re no more or less likely than their counterparts to separate, divorce, or have children.”

On the flipside, a research paper came from the University of North Carolina at Chapel Hill (UNC). It’s conclusions were “that gender inequality in the distribution of control was more likely to occur within spousal teams.” According the papers’ authors, “women have reduced chances to be in charge if they co-found new businesses with their husbands.”

Related: What To Do When Partnerships Go Bad… Very Bad

Their theory comes from noting the expectations involving gender-typical work. “For example, men are expected to be the “breadwinner” while women are the “homemaker.”

Kathy Marshack, a clinical psychologist who studies entrepreneurial couples, added that co-entrepreneurial wives believe that it’s just their job to make their husbands “look good.”

“I found that the wives were not as independent as women who were in a career separate from their husbands,” Marshack said. “On a test of sex role orientation, [women in separate careers] tended to score high on desirable feminine traits. Whereas dual career wives scored high on desirable feminine traits and high on desirable masculine traits.

“The latter is what we tend to see with women who function as more independent professionals in the work world. They also have more egalitarian marriages than the copreneurial wives.”

Trisha Harp, founder of the Harp Family Institute (HFI), focused on the effect that entrepreneurship has on relationships and vice versa. “Our research shows that 87 percent of respondents have experienced cash flow problems at some point in time with their company,” Harp told Entrepreneur. When entrepreneurs experience these cash flow problems, their sex lives decrease.”

“Since money and sex are two of the main causes for divorce, this is a little concerning,” says Harp.

Interesting, when the test subjects were asked: “Knowing what you know now about being the spouse of an entrepreneur, would you still marry your entrepreneur?” Eightyeight percent surprisingly said, “yes.”

Harp believes this is because “in spite of the roller-coaster ride that defines entrepreneurship, spouses have reported a great feeling that they are “on this journey together.” There is a strong desire to stick it out. HFI data also shows that when couples create a shared vision for their future, their satisfaction in all areas of life increases.”

Harp’s research also discovered that:

  • Creating shared business and family goals lead directly to greater happiness.
  • Positive outcomes actually result from sharing both the good the bad regarding the business.
  • Entrepreneurs need to be on the same team.
  • Showing gratitude and being loving, fun, intelligent and honest are important.

Despite what the science says, there is no easy answer on whether or not you should work with your spouse. Between the research and from my personal experience, it can actually be a good thing. Besides the financial perks, it guarantees that you spend time with your spouse, who you can trust the most in the world. In my opinion, it’s a win-win.

Related: Building A Hard-Working Team Starts With You

That doesn’t mean that it’s a walk-in-the-park. To ensure that you can survive working together, here’s some of my favourite tips:

  • Communication and listening are absolutely essential.
  • Divide and conquer responsibilities based on your strengths.
  • Don’t talk about work 24/7. We have a rule that all work talk stops before 8pm.
  • Don’t bring personal issues into work. Have those discussions during off-hours.
  • Have separate workspaces so that you’re not literally with each other 24/7. If you work from home, consider leaving the house twice a week and work at your local coffee shop. Shared entrepreneurial office spaces work very well, also.
  • Make time for your relationship, like going on a two-week long vacation.
  • Always be supportive – even during those bad times.
  • Understand what you’re getting into. Entrepreneurship is hard and isn’t for everyone. Make sure that you understand the time and financial risks involved. Discuss how it’s going to impact your relationship and lifestyle. Determine and respect roles and responsibilities. Make sure that you’re both on the same page when it comes to all financial decisions and business goals.

Here’s to figuring this out!

This article was originally posted here on Entrepreneur.com.

John Rampton is an entrepreneur, investor, online marketing guru and startup enthusiast. He is founder of the online invoicing company Due. John is best known as an entrepreneur and connector. He was recently named #2 on Top 50 Online Influencers in the World by Entrepreneur Magazine and has been one of the Top 10 Most Influential PPC Experts in the World for the past three years. He currently advises several companies in the San Francisco Bay area.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Work Life Balance

How To Accomplish More In 4 Days Than Most People Do In 4 Weeks

Practice and self-control are key.

Published

on

multitasking

We all know that it takes hard work to achieve our goals. And in the world of business and entrepreneurship, we often hear how we must be willing to sacrifice weeks, months, even years of slaving away to suceed.

But what if we’re all just doing it wrong? What if there was a way to accomplish a huge to-do list in less than half the time it would normally take? Barring the discovery of a time machine or a wormhole, you might say this is impossible. But with a little practice and self-control, it’s possible to get to the finish line before most people even start the race.

1. Use the 80/20 rule

The Pareto principle is a universal truth that can help us recognise where to focus our efforts to be most productive. The basic rule of thumb works like this: 80 percent of results will come from just 20 percent of the action. In other words, roughly 20 percent of your customers will account for 80 percent of your total profits. Likewise, about 20 percent of your daily tasks account for your most important and time-consuming projects. The remaining 80 percent of daily tasks are relatively low-level functions and less important undertakings.

Having a laser-like focus on those top 20 percent of tasks is the most valuable use of your time. Once those tasks are complete, you can work on the bottom 80 percent, or delegate those tasks to others. Keep yourself on track by always asking yourself: “Is this one of my top 20 percent most important activities, or is this a bottom 80 percent task?”

The same goes with other areas of your business. Focus on strengthening your relationship with the 20 percent of people who are your money makers: Those who are consistently working hard for you or are your top clientele.

Related: 5 Surprising Elements That Boost Your Productivity (One of Them Is Colour)

2. Break big tasks into manageable chunks

workload-balance

Procrastination often hits us when we’re feeling overwhelmed. We avoid starting a huge project because it feels daunting and we can’t imagine how we’ll tackle it. So stop trying to take on monster-sized jobs.

Break tasks into manageable pieces so you’re just taking on one small task at a time. Make sure your to-do list is broken into tasks that can be accomplished relatively quickly – a half hour or less. Then start using a stopwatch to kick your focus into high gear.

Set a timer for 20 minutes and tell yourself you must stay totally focused until it goes off. You’ll be shocked by how much you can accomplish! And once you’ve finished the allotted time, you may be motivated to keep going – how much more can you do in another 20 minutes?

3. Outsource tasks to focus on your talents

Most of us are really good at a handful of things, and are average or OK at everything else. The best use of your time is to focus on the areas where you’re strongest. If you can hand the other tasks off to someone else, you’ll have more time to focus on the tasks you’re best at. You can do this by outsourcing jobs that you don’t excel in.

Outsourcing might mean hiring someone or using a form of automation technology. Tasks that may be easy to outsource include web developer, content writer, graphic designer or a general virtual assistant, who can ease the burden of many daily tasks such as setting appointments or returning emails.

Related: 14 Of The Best Morning Routine Hacks Proven To Boost Productivity

4. Understand your natural rhythms

natural-rhythms

What time of the day do you have the most energy? When are you most creative? In order to be efficient and make the most of your productivity, you have to know how to manage your energy. You have to understand your body’s natural timetable. Is there a time of day when you always feel in a slump or a time when you feel raring to go? Prioritise important tasks to those times when you know your mind is alert.

In order for this to work, you must have established routines. This will help you create a pattern so you can observe your natural rhythms. When you know you’re at your best, focus on detail-oriented and difficult tasks. And remember to give yourself breaks to keep your energy level high throughout the day.

5. Cut out distractions

Your ability to focus is key to your productivity and getting more done in a short amount of time. Researchers have found that it takes a typical office worker 25 minutes to return to the original task after an interruption. Work interruptions also decrease accuracy by 20 percent.

By eliminating distractions, you’re giving yourself back all that wasted time. Try scheduling chunks of uninterrupted time that allow you to dive into a project. And as much as possible, avoid leaving things half done. If you start something, finish it! Each day, set goals you want to accomplish and then make it happen.

Your smartphone is one of the biggest distractions. The average person can’t leave their phone alone for six minutes, and most of us check it up to 150 times per day! So if you need to be hyper-focused on something, work on one screen at a time. Turn off your smartphone notifications or try putting your phone away for periods of time.

6. Focus on one thing at a time

monotasking

We used to think multitasking could help us accomplish more, but we now know that the human brain wasn’t designed to focus on more than one thing at once. However, most of us find ourselves toggling between web pages, email, text messages and the task at hand, and then we wonder why we never seem to get anything done. It’s time to start monotasking.

Monotasking, also known as single-tasking, is about focusing on one thing at a time so we get more done. It requires you to break your multitasking habits. Because we live in a highly connected world, that’s not always easy or even possible for every task. But monotasking allows you to get into deep work, where you can really focus on a demanding task.

Try setting aside two to four hours daily when you can focus on one thing without interruption. It may take a while to develop this skill, but eventually you’ll be able to engage both sides of your brain to make incredible breakthroughs that have an impact on your business.

Related: Your Narcissism Is Killing Your Employees’ Productivity. How To Avoid The Pitfalls

7. Capture stray thoughts

It can be annoying when a tantalising thought enters your brain when you’re in the middle of doing something else. “I need to remember to this!” you tell yourself. And then you try to set the thought aside, while simultaneously trying to remember it.

As you may have learned from experience, trying to remember a thought while you’re involved in a task often fails. However, if you write it down you can truly let it go, knowing you can reexamine it later. You close the loop. If you rely on memory, you’re either wasting energy trying to remember it, or you forget it completely and lose the value of that idea. Either way, it’s a waste.

Make sure you capture these random thoughts and ideas, either in a notebook or in an app that you always have handy. This can be part of a massive, ongoing brain dump that you can refer back to and will ensure that you don’t lose that lightning bolt of genius, or forget that you need to pick your suit up from the cleaner. Just be sure to review your notes on a regular basis!

8. Sleep, eat and breathe

It’s nearly impossible to be hyper-productive if you’re feeling exhausted, hungry or overwhelmed. It’s important that we continue to engage in self-care, even when we’re slammed at work or are feeling overwhelmed with projects. You’re not a machine – you need rest, food and a clear mind to perform well. That means ditching junk food and fast food, and nourishing your body with healthy meals and snacks. It means getting a solid eight hours of sleep at night, exercising during the day and carving out time for mental breaks.

Taking even a few minutes out of your day to focus on your breathing or to meditate can help you clear your mind. Another option is to go for a quick power walk or take the stairs rather than the elevator in your office building. These activities will help reinvigorate you so you can focus. Think of it as a reboot for your brain.

This article was originally posted here on Entrepreneur.com.

Continue Reading

Company Posts

Constance Halaveli – Savour Life On A Magical Secluded Island Hideaway

A 5* luxury island hideaway on stilts in the Indian Ocean that puts paradise at your fingertips. Unforgettable dives and unspoiled beaches make for a totally spoiled you and your loved ones. The magic of your surroundings is as romantic as it is exceptional. Constance Halaveli is like nowhere else. Disconnect. Reconnect. And enjoy relaxation perfected.

Constance Hotels & Resorts

Published

on

constance-halaveli

Floating in the North Ari atoll and shaped like a curved Dhoni (Maldivian boat) is the five star Constance Halaveli. It is a place where time seems to have stopped and dreams become reality. Water and sand combine and lie in contrast to the exuberant green of the foliage. The shadow of the 86 villas falls on the turquoise lagoon. The three restaurants and the U Spa by Constance ensure that both body and mind are well cared for. Constance Halaveli is a place to relax and regenerate in overwhelming peacefulness.

Choose from one of the 57 Water Villas, 9 Beach Villas, 11 Family Beach Villas, 8 Double Storey Beach Villas or the lavish Presidential Beach Villa at Constance Halaveli Maldives. All the villas are air-conditioned and feature their own private plunge pool located on the beach or over the water.

They are comfortably furnished using modern wood, marble and equipped with hairdryer, LCD TV 42’ /satellite channels, DVD, WI-FI Internet access free of charge through Imac system, wireless streaming via Air Play / Android & PC streaming, telephone, mini-bar, mini wine cooler with a selection of wine, tea & coffee facilities, individual safe, desk, sitting area and 24h room service. Each villa has also a furnished terrace or balcony and bathroom comprising of separate shower (inside or outside), bath/WC. 

Related: Spoil Yourself And Book Your Stay At Constance Aiyana

Highlights of your stay

  • Connect with the whale shark during an unforgettable dive
  • Contemplate the astonishing atolls from a sea plane
  • Taste one of our Millesimal, your feet in the water
  • Meditate at sunrise with our yoga master

Indulge in fine food and sumptuous flavours at Jahaz, Jing and Meeru restaurants. For palate pleasing cocktails; divine vinous experiences, step in Jahaz, Jing Bar & Wine Cellars.

The marvelous U Spa by Constance at Constance Halaveli rests on stilts above the gently lapping waters of the Indian Ocean and has stunning views across turquoise waters from the treatment rooms, a spacious, decked outdoor wet area and an Ocean Salon. Relax, rejuvenate, detox, re-hydrate or simply enjoy – the choice is yours. Our highly skilled team is at your disposal to help you decide which treatments are best suited to your needs.

maldives-constance-halaveli

The Constance Hotels and Resorts Group owns and manages a number of luxurious island destinations in the Indian Ocean, made up of 5-star Resorts: Constance Belle Mare Plage (Mauritius), Constance Ephelia (Seychelles), Constance Moofushi (Maldives), Constance Tsarabanjina (Madagascar) and 5-star deluxe Hotels: Constance Prince Maurice (Mauritius), Constance Lemuria (Seychelles) ,Constance Halaveli (Maldives) and Constance Aiyana (Pemba, Zanaibar).

Distinctive elements for these hotels and resorts include magnificent locations with some of the most beautiful beaches in the world; distinctive architecture and design; warm hospitality; completely personalised guest experiences; gastronomic excellence matched by internationally recognised sommeliers; Constance Kids Clubs at almost all hotels and resorts (except, Constance Moofushi, Constance Tsarabanjina and Constance Aiyana); complete wellness and rejuvenation with U Spa by Constance; and some of the most beautiful natural diving locations in the world (PADI and CMAS are available at all hotels). Constance Belle Mare Plage, Constance Prince Maurice and Constance Lemuria Seychelles on Praslin all have 18-hole championship golf courses.

Contact us now for your island destination holiday in some of the most idyllic spots in the world.

Central Reservations: Tel: +230 402 27 77

Continue Reading

Work Life Balance

Why Smart People Don’t Multi-task

Multi-tasking is really tempting. It’s also really bad for you.

Travis Bradberry

Published

on

multi-tasking

You may have heard that multi-tasking is bad for you, but new studies show that it kills your performance and may even damage your brain. Every time you multi-task you aren’t just harming your performance in the moment; you may very well be damaging an area of your brain that’s critical to your future success at work.

Research conducted at Stanford University found that multi-tasking is less productive than doing a single thing at a time. The researchers found that people who are regularly bombarded with several streams of electronic information cannot pay attention, recall information or switch from one job to another as well as those who complete one task at a time.

A special skill?

But what if some people have a special gift for multi-tasking? The Stanford researchers compared groups of people based on their tendency to multi-task and their belief that it helps their performance.

Related: Why Multitasking Isn’t Much Good To Your Brain

They found that heavy multi-taskers — those who multi-task a lot and feel that it boosts their performance — were actually worse at multi-tasking than those who like to do a single thing at a time. The frequent multi-taskers performed worse because they had more trouble organising their thoughts and filtering out irrelevant information, and they were slower at switching from one task to another.

Ouch.

Multi-tasking reduces your efficiency and performance because your brain can only focus on one thing at a time. When you try to do two things at once, your brain lacks the capacity to perform both tasks successfully.

Multi-tasking lowers IQ

Research also shows that, in addition to slowing you down, multi-tasking lowers your IQ. A study at the University of London found that participants who multi-tasked during cognitive tasks experienced IQ score declines that were similar to what they’d expect if they had smoked marijuana or stayed up all night. IQ drops of 15 points for multi-tasking men lowered their scores to the average range of an eight-year-old child.

So the next time you’re writing your boss an email during a meeting, remember that your cognitive capacity is being diminished to the point that you might as well let an eight-year-old write it for you.

Brain damage from multi-tasking?

It was long believed that cognitive impairment from multi-tasking was temporary, but new research suggests otherwise. Researchers at the University of Sussex in the UK compared the amount of time people spend on multiple devices (such as texting while watching TV) to MRI scans of their brains. They found that high multi-taskers had less brain density in the anterior cingulate cortex, a region responsible for empathy as well as cognitive and emotional control.

While more research is needed to determine if multi-tasking is physically damaging the brain (versus existing brain damage that predisposes people to multi-task), it’s clear that multi-tasking has negative effects.

Neuroscientist Kep Kee Loh, the study’s lead author, explained the implications:

“I feel that it is important to create an awareness that the way we are interacting with the devices might be changing the way we think and these changes might be occurring at the level of brain structure.”

Related: Celebrating The Multi-Faceted Woman

The EQ connection

Nothing turns people off quite like fiddling with your phone or tablet during a conversation. Multi-tasking in meetings and other social settings indicates low self- and social awareness, two emotional intelligence (EQ) skills that are critical to success at work. TalentSmart has tested more than a million people and found that 90% of top performers have high EQs. If multi-tasking does indeed damage the anterior cingulate cortex (a key brain region for EQ) as current research suggests, doing so will lower your EQ while it alienates your co-workers.

Bringing It All Together

If you’re prone to multi-tasking, this is not a habit you’ll want to indulge — it clearly slows you down and decreases the quality of your work. Even if it doesn’t cause brain damage, allowing yourself to multi-task will fuel any existing difficulties you have with concentration, organisation and attention to detail.

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

Entrepreneur-Newsletters
*
We respect your privacy. 
* indicates required.
Advertisement

Trending