You are here

5 Ways to Successfully Copreneur

  • If you’re in business with your life partner and can’t tell the difference between your bedroom and the boardroom, you’re probably a copreneur.

  • The word, coined in the
    1980s, refers to entrepreneurial
    couples who share ownership of, commitment to, and responsibility for a business, says Randy Weigel, University of Wyoming Extension specialist.

  • Technology is increasing the number of U.S. copreneurial businesses. Although there are benefits, Everett Moitoza, a business consultant and coach, cites five factors that will make or break a successful partnership between spouses.

  • 1. Clear boundaries and well differentiated roles; separating work time and workplace from home time and homeplace.

  • 2. Communication; the ability to disagree without hostility and contempt for one another.

  • 3. Power distribution; who knows what, when, and how; who makes what decisions in which areas and when.

  • 4. Skill complementarity; a good mix is right-brain dominant (people-centered, creative, relational) and left-brain dominant (skills in finance, analysis, research, and technology).

  • 5. Trust and respect for each other’s styles, differences, and values.

Farm couples were copreneurs before it was cool.

Read more about

Talk in Women in Ag

Most Recent Poll

Will you plant more corn or soybeans next year?