What’s it like to co-found a company with your spouse?

Raj and Lakshmi

Starting a company is one of the toughest endeavors you can put yourself through personally. Plenty of articles have been written about how startups can destroy your personal life, and can generally be an all-consuming struggle. But what happens when you decide to take the leap and start a company with your significant other? I can happily say that not only did I decide to take that route, but the business has been growing for 20 years and our marriage remains solid. Here is some advice for those of you considering starting a business with your spouse.

You will take your startup personally, so you might as well co-found with the person who cares about you the most. Many people already agree, and use the analogy that co-founding a company is like picking a spouse. So why not pick your spouse to co-found your company with? There are plenty of examples of successful husband-wife co-founders who started massive businesses: in the non-tech world Kate Spade, Amy’s Kitchen, Fiji Water and others were started by husband-wife teams. In the tech world, Houzz, Eventbrite, VMware and others were co-founded by husband and wife. Yet VCs have an aversion to backing husband-wife teams because of the potential ramifications if things go south with the business. Newsflash – if things are going south, they are going to get ugly regardless of the personal circumstances founders are faced with.

You will build a culture that is consistent with your family life. I am a huge believer in work-life balance, and when we became parents, our culture reflected our changing life circumstances. This is something I’m particularly proud of. We have a lot of team members who are family-oriented and have responsibilities outside the office with their children. We believe that work should be left at work, and our culture changed with time to reflect that world view. We still wake up hungry every day to build a huge business, but not at the expense of our personal lives, and the personal lives of our employees.

It’s an amazing thing to have a shared vision. When you talk about having aligned goals – personally, financially and professionally – there is no better way of being perfectly aligned then co-founding a company with your spouse. If you ultimately share the same vision – short and long-term – for your life, it’s amazing to realize that vision in the form of your company. It’s exciting betting on each other and taking a chance on each other to build something great.

Starting a company with my wife was one of the best decisions I made. I’m proud of what we’ve built together and I’m proud of the culture we’ve built at Replicon. I encourage any husband-wife teams to take the chance on each other and start something together. It’s one of the most rewarding life journeys you will take, regardless of whether you fail or succeed.

Raj Narayanaswamy
ABOUT THE AUTHOR
Raj Narayanaswamy
Raj is the Co-Founder and Co-CEO of Replicon. Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time.
Get started today.
Set up a free trial based on your business needs. Start Free Trial

Global Compliance Desk – Vietnam

New Draft Version of Vietnamese Labor Code Released A new draft of the proposed Labor Code has recently been released by the Ministry of Labor, War Invalids and Social Affairs (MOLISA).…Read More

Global Compliance Desk – Netherlands

Employment Law Changes 2020 What’s New: The Dutch Senate adopted new legislation to bring the labor market into balance effective January 1, 2020. The new legislation aims to reduce the…Read More

5 Emerging Global Payroll Trends

Global Payroll Management Institute | September 04, 2019 By Lakshmi Raj, Co-Founder and Co-CEO, Replicon With every new advent in technology and the web, the world gets a little smaller…Read More

Will AI replace consultants?

The onset of AI and smart machines automating formerly-human jobs has been discussed at length as of late -- often in relation to manufacturing and manual labor jobs. And yet,…Read More

6 steps for fast-tracking profitability in your consulting practice

Advice aimed at entrepreneurs and small businesses tends to be heavily product-oriented, but in reality the majority of US small businesses fall under the “Professional, Scientific, Technical, and Other Services”…Read More

Consulting firms: 4 ways to improve billing & get paid on time

At the end of the day, your consulting firm relies on the assumption that a good percentage of clients will honor their payments promptly and accurately. In the professional services…Read More
  • Cloud
  • In The News
  • Corporate
  • Professional Services Management
  • Project and Program Management
  • Shared Services Management
  • Time and Attendance Management
  • Workforce Management
  • Customer Feature
  • Feature Update
  • Time Intelligence
  • Industry News
  • Webinar Recap
  • Global Compliance Updates
  • Chat with us
    How can we help you?