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In Sickness and in Wealth

BOUND BROOK, NJ -- Today many franchise companies are run by husband-and-wife teams.  Some say it’s a great experience; most say there are things that need to be considered to make it work.

Franchising is one of the fastest paths to small business success. Over 900 new business opportunities were introduced by the International Franchise Association in 2007, and many of these concepts are small mom-and-pop shops run by couples.  But how does a husband-and-wife team successfully operate a business without destroying their relationship – or the business? 

Kathleen Austin Kuhn has been married for 20 years, and for 18 of those years she has been working with her husband, Mike, at HouseMaster, the first company to franchise in the home inspection industry.  According to Kuhn almost 30 percent of HouseMaster’s 375 franchises are run by husband-and-wife teams. 

Kuhn warns, “Some couples really need some regular time apart, working separately, during the weekdays.” However, for those who don’t need such space, there are bonuses to team work. “My husband knows when things are hectic at work because we work together,” Kuhn adds. “He understands when to pitch in more at home or with the kids.” 

It’s also important to remember that it’s unrealistic to think you can avoid taking work home with you, particularly since many small businesses operate out of the home.  That’s why it’s critical that couples set aside time that is free from work-related issues. 

Some successful HouseMaster husband-and-wife franchisees shared some tips:

·        You won’t love working with all your co-workers all the time, and the same rule applies to your spouse.

·        Communicate and don’t let issues build up.  Don’t expect your spouse to know what you’re thinking. 

·        Make sure you each have well-defined roles -- one does computers, the other does marketing; one performs inspections, the other runs the office. Then decide on joint responsibilities like hiring/firing employees. This not only helps you match skills and talents appropriately, it can aid in time management. 

·        Do not have disagreements in front of the employees.

 Do not make the business so central to your lives, that you do nothing else.

www.housemaster.com

 

Media Contact: Eson Kim

Communications Manager, HMA Franchise Systems

800.526.3939; ekim@housemaster.com

Franchise Advice

You’ve given it a lot of thought and carefully considered the alternatives.  You’ve decided you have what it takes to succeed.  You want your own business.  More specifically, you’ve decided you want a franchised business. 

What do you do next?  What can you expect from franchise companies?  How will you know when you’ve found the right one for you?  Let’s deal with these questions in the order that you’ll face each issue.

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