11 Feb Three Suggestions for Succeeding at Marriage to Your Enterprise Accomplice – Octane Weblog – The official weblog of the Entrepreneurs' Group
Tina Hodges is the co-owner, chief government and chief expertise officer at Advance Monetary in Nashville, Tennessee. She’s additionally the spouse of Entrepreneurs’ Group (EO) member Michael Hodges, who occurs to be her enterprise accomplice. We requested Tina about her expertise proudly owning a enterprise along with her partner. Right here’s what she shared.
When somebody is dedicated to her work and clocking in lengthy hours, we regularly say she is married to her job. In my case, I’m married to my job and my enterprise accomplice. Mike and I’ve been working a monetary providers firm headquartered in Nashville for 16 years and have been married for 13 of these.
Rising up in a family the place mother and pa ran a enterprise collectively gave me a good suggestion of the challenges and advantages of working together with your partner. When the water pipes freeze and leak on Christmas Day, who’s going to the workplace? You each are. I noticed my mother and father as companions, one mopping up a large number whereas the opposite emptied the buckets. I knew it could be an thrilling and rewarding problem.
By day we run a enterprise with greater than 650 staff and greater than 70 areas all through Tennessee. By evening we run a household as mother and father of three stunning younger ladies. It’s attainable to do all of it, and do it efficiently.
Listed here are my suggestions for easy methods to make marriage in enterprise work.
1. Be extraordinarily trustworthy about strengths and weaknesses
One factor that makes our partnership work so effectively is that our abilities are complementary. We all know what abilities the opposite brings to the desk. I’m detail-oriented: spreadsheets, plans and timelines are my specialties. Mike is a visionary; he focuses on the large image. He generates the concepts, and I map out how we are going to make them occur. It’s a near-perfect steadiness of attitudes and aptitudes, with neither of us pondering we’re higher or extra necessary than the opposite. We notice that we full one another in enterprise, similar to we do as husband and spouse.
Enterprise strikes on the velocity of belief. It’s the oil that retains the corporate working easily. Being married imbues an automated stage of belief in our work relationship. We’ve already put within the time constructing that belief in our private relationship, and it carries over into the workplace atmosphere. This not solely permits us to make enterprise selections rapidly, however it additionally reduces the stress of working an organization.
2. Keep a parallel tempo
When working together with your partner, it’s necessary for each of you to maneuver on the identical velocity. It’s essential to assist one another via development intervals and stick collectively when making massive selections. Drive the enterprise equally and exert related ranges of vitality. This can eradicate numerous extraneous considerations and place your small business for fulfillment.
In 2013 we opened 23 new shops in a single 12 months, a reasonably loopy feat by any measure. We had 26 shops at the moment, so to just about double our presence in a single 12 months was a real check of our capacity to belief one another and succeed collectively.
All through the method, we stored in fixed dialog, discussing employees, buildings, crucial sources―the whole lot. I used to be involved about opening the shops on time, however Mike was out within the discipline maintaining me knowledgeable of our progress each step of the way in which. All through the fixed push and pull of growth, we paced one another and made it occur.
3. View your work partnership as an extension of your marriage
Ask any pair of enterprise companions, and they’re going to inform you, at occasions it appears like they’re married to one another. A wedding is a partnership, similar to a enterprise. There’s a relentless give and take; you possibly can’t succeed with out compromise. Everybody has a novel type that you will need to settle for and leverage to make the partnership work. Working collectively provides us a valued alternative to study much more about one another. What we uncover about one another within the workplace atmosphere―and we’re consistently studying new issues about one another―comes residence with us to reinforce our household life.
Mike and I ran a enterprise collectively for eight years earlier than beginning a household, and in that point we found one another’s strengths. The strengths that we now have at work carry over into our household. I don’t count on Mike to map out appointments or household obligations at residence as a result of he doesn’t try this at work. And Mike is aware of I’ll have a recreation plan in place for our household as a result of I all the time have one prepared for our enterprise. When you get into the rhythm, you’ll discover that what works in your relationship at residence additionally works within the workplace. And vice versa.
As we’ve constructed our skilled and private lives collectively, we’ve discovered that proudly owning a enterprise has most of the identical traits as a wedding. Sharing two all-encompassing partnerships with the identical individual has labored extraordinarily effectively for us. Studying about and inspiring one another has enabled us to construct not solely a wholesome relationship but additionally a enterprise that has a constructive affect on the group we love.
Tina Hodges is the CEO at Advance Monetary, which was based in 1996 and is predicated in Nashville, Tennessee. The corporate at the moment operates greater than 90 areas all through Tennessee. Advance Monetary has earned an A+ score from the Higher Enterprise Bureau and has been named to the Inc. 5000 record of the fastest-growing non-public firms within the nation for 5 years in a row.