It’s also a day to express appreciation.
Who better to thank than the spouses who stand beside or behind us in our businesses. Spousal support is important when it comes to small family owned businesses.
Our life partners often don’t get the recognition they deserve. In family businesses, it is often the wife who does not take a formal salary or title.
And when they don’t work alongside us in the business, what they contribute to its success can be out of sight, out of mind.
Business owners tend to work long hours, especially in the early years. Moreover, when we enjoy what we’re doing, we don’t even notice how much time we’re putting in and how much energy we’re expending. Suddenly it’s 9 o’clock at night and we’re still in the office or store. When was it we said we’d be home?
Arriving home, we find it hard to break the connection to our business. The issues of our day still draw energy—like the TVs, computers and other plugged-in devices that continue to draw standby power even though they’re turned off. Our brains are still receiving work signals while we should be tuning in to our significant others.
In some ways, they are our standby power, allowing us to achieve our dreams, helping us to hold it all together, through the uncertainties, the ups and downs, the ebb and flow of money. In owning your own business, you are paid only after all of the other expenses have been paid.
A supportive family is essential—it may be your name on the business, but owning a business is truly a family undertaking.
I have been very fortunate over my many years in business to have a wife who rode the financial ups and downs and put up with the long hours and extensive travel with understanding and without complaint. I believe that without this support at home it would have been impossible to have achieved the same business success. Thank you, Gayle. And Happy Valentine’s Day!
What about you? Has your spouse contributed to your business? When is the last time you thanked them?