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Topic : Self Financing for your Startup....
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Created by : Jayant Vishnu, Art Director/Sr Art Director, Creative  | 09 16 2010 08:03:02 +0000
Industry : Private Banking/Wealth ManagementFunctional Area : India(Markets)
Activity:  337 views;  last activity : 10 13 2010 19:59:45 +0000


This was a question which was asked by one of my friend and I was like surprised to hear this question, can I make my wife as my business partner.  I mean choosing a business partner for a new business is a huge responsibility and will have a large impact on a company’s success. Therefore, would be entrepreneurs need to weigh all of their options when deciding on who their business partner should be.

Many entrepreneurs who are starting a new business are considering having their spouse as their business partner. This may be a very difficult decision to make and one that needs to be given extremely careful thought since business partnerships are a long-term investment in itself.

So, do you think your spouse is the perfect business partner??  Do share your views on this....

 
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I think they are a, they know what you are doing and you will be discussing things with them regularly and they have a fair idea of what you are doing, and at times even they come up with some inputs which you feel will do a world of good for your business, and also if both are earning and have saved up some considerable amount, there is no need to go for raising capital from someone else, and if it is a small business that you are talking about then your spouse is a perfect business partner, as she will be with you in thick and thin. And will be there for emotional support and if it is a success, it will taste more sweeter with your loved one being involved in your venture...


By Jayant Vishnu, Art Director/Sr Art Director, Creative  09 16 2010 08:03:02 +0000
 
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Mr Raghavan,

If your argument (9 out of 10 she will take a softer approach) was true, then Mrs Indira Gandhi should have applied for asylum either in the US or UK. History says that she was neither confused nor was she afraid of anything or anybody when she finalised her decision with both Gen Manekshaw (liberating east pakistan) and Gen Sunderji (to flush out terrorist from the golden temple). They say that Mrs Gandhi was the only man in her cabinet. I am not trying to glorify Mrs Gandhi, this is just an example  -  I can quote plenty more.

I still stand by what i said before -  gender is not an issue in deciding a successful businessman or success of any human being. Of course, not all men or not all women are suitable for running a business.

The greatest hippocracy in India is that it is considered to be the land of goddess durga goddess kali etc etc and we call bharat as bharat matha but we consider our 'living women' as nothing more than door mats -  what a shame?

In India - first, a women is asked not to question her father and after a certain age she is asked not to question her husband. How can a woman brought up in such an environment question a nasty trade union leader?. It all depends on how she is brought, how much freedom she had etc etc. I agree with your point that a women brought up in this manner cannot calm down a group of thugs.

If India wants to move to the next stage of its development then gender equality is a MUST. If India wants to be a developed nation then women ought to be given their proper place (not anything special or anybodys compassion). We need to have more women as bosses, in business, as leaders, as supervisors etc etc. I am not trying to please all women but there are scientific reasons behind the argument called 'gender equality'.

 

 

 


By John Jacob, Consultant, confidential  | 10 13 2010 20:06:19 +0000
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I agree with Mr.Raghavan that "it actually depends on their experience" but I respectfully disagree that women are emotional and hence not suitable for business. We are in year 2010 and we need to change this mindset that women are not suitable to run a business. It actually depends on that
particular person(woman), there are some women who are really good and who knows how to run a business, it is a shame that we underestimate them just because they are women. Maybe we are Indian men where 'women' is supposed to be under our control and hence we conclude that women are not good for business. Take a look at the number of women running businesses outside India and you will change your argument that women are not suitable to run a business. So, whether a spouse can be a perfect business patner will depend on that person alone (has nothing to do with the gender).


By John Jacob, Consultant, confidential  | 10 12 2010 18:11:58 +0000
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Yes they can be a good business partners.

Thanks Mr.Jayant.

 


By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 09 21 2010 17:31:31 +0000
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spouse can be a perfect business parter ,as their will be proper co-ordination between each other,can freely share their ideas & new innovation ,& have a perfect motivational ability ,which is highly essential for being a sucessfull businessman.
By anuragini raj sinha, HR TALENT ACQUISITION, Leading IT Gaint  | 09 21 2010 14:27:26 +0000
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Spouse can be a perfect patner if you have conflicting qualities, more the better and sucessful
By Shyam Kumar Singh, Branch Operations Manager/ DBM, ICICI Bank  | 09 21 2010 12:40:50 +0000
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No problem at all, if spouse are having good understanding without any ego, that will be best partnership to flourish the business.
By R N Bhattacharyya, Freelancer, Freelancer  | 09 21 2010 07:09:46 +0000
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Yes provided she is adequately qualified,preferably from a business family,matured enough.


By s.baalu , Consultant, XYZ LTD  | 09 20 2010 14:27:33 +0000
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Why not???If your spouse has good education and knowledge about the business then why not....Its always a misconception that spouse cannot that too if it is female then she cannot handle the business but surely saying....they also have some brain which could be used.
By latha sivan, Senior HR, Anmol Technologies  | 09 18 2010 09:35:31 +0000
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Dear John

You didnt get me right when i said women are emotinal. It was not to denigrate them or suppress them or any such thing. If you discuss this with a medical professional, he would tell you that women by birth are more emotional than rational. It is that charachteristic in them which makes them nurture an offspring for 9 months and give birth later. Women simply do not have hardness in them, they are soft by nature itself. For eg, lets say a women entreprenuer is confronted with a strike at her factory - what will be her decision ? Bet you9 out of 10 she would want to take a softer approach even though the striking workers demand may be unjust. She might not be able to take a hard decision like say call in workers from outside or announce a lock-up never mind the loss she would suffer in the process.

Whether it is 2010 or 2050, this nature of women will not change. Only HE above can do it. And this is what i meant by saying women are emotinal.

 


By Jaygopal Raghavan, Marketing Manager, Landmark Group  | 10 13 2010 18:14:27 +0000
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Women's are equally talented compared to male counterpart, however relationship and business are two different areas which i feel should not be mixed. Once one is in a business spouse definitely helps in the business, however it is better that decision should be taken by a single individual, else misconception might creep in personal relationship.


By Ashish Patil, Senior Consultant, Technology Consulting  | 10 13 2010 06:47:42 +0000
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No, it actually depends on their experience and their yen for business. Usually women are very emotional and aren't ideal for business. In business you will often need to take harsh decisions sometimes which your spouse wouldnt be able to do so. Also they wouldnt be able to take risks and would want to play it safe.


By Jaygopal Raghavan, Marketing Manager, Landmark Group  | 10 12 2010 17:20:22 +0000
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I think a business shud never have a partner...a business shud be run individually..eventually partnership will lead to dishonesty by any one of the partner...so SPOUSE is a strict no no as a partner..one shud not even believe his spouse in business
By Amit Kumar, MBA/PGDM student, Badruka College Post Graduate Centre, Hyderabad  | 09 27 2010 14:53:29 +0000
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I don't agree for any spouse to be a good partner as other responsibilities would be ignored.
By Nikhil More, Marketing Manager, Rigel Networks LLC  | 09 27 2010 06:53:31 +0000
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I dont think so.... Lets look it from another perspective>> Do you think your business partner is the perfect spouse? One cant mix these things together, yet one will be lucky to comply the above condition or visa versa.
By Zubair Irshad, Business Associate, Captain International General Trading  | 09 21 2010 13:35:39 +0000
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NO... A HUGE NO  !!

It calls for TREMENDOUS UNDERSTANDING, TOO MUCH MATURITY & LOADS OF EGO CONTROL ( Specially when both are extremely Talented & Intelligent ).

It is different when Wife is a Partner, just for NAMESAKES ONLY, maybe She is taken as Lucky.

BUT... when it is a serious & a conscious decision, PLEASE GIVE IT A VERY DEEP THOUGHT. Too many Healthy Relationships have soured due to such decisions.

Take Care... 


By Naushad H.L., Creative Director, MAD COMMUNICATION  | 09 18 2010 05:21:26 +0000
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Unless You Rule the Business with your Heart.


By Shiuli Mukherji, Head Strategy Plan- , Region SEA  | 09 17 2010 06:49:53 +0000
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I think its a good idea but sometimes business problems will lead to problms in a relationship. i never will work with any of my family member bcoz a small mistake in business and ruined your relationship sometimes.


By Rameez Chinde, Project Engineer, CSS (Computer support systems)  | 09 16 2010 08:45:09 +0000
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