2 ms·
Starting a business is hard work, long hours, little pay. Frankly, most never make money, something like 90% won't survive 5 years, half the survivors will be g
by bruce511 4y ago
Starting a business is hard work, long hours, little pay. Frankly, most never make money, something like 90% won't survive 5 years, half the survivors will be gone in the next 5.
When I started mine pay was erratic, and infrequent, so we lived within 1 income (my wifes).
Fast forward though, we did survive , and my wife "retired" from her job very early.
So, I'd recommend having a financial chat. Cover expectations, sure you want instant sucess, but if you budget within your salary she has time to focus on her business without added stress of family finances.
In essence you are her first investor. Together you are investing her old salary for a long-term return. Framing it like this helps to formalise what you are both sacrificing,and for what outcome.
And if it fails there's no hard feelings. Sometimes investments fail. You're both in. You succeed or fail together.