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Family Matters

This story appears in the January 1998 issue of Entrepreneur. Subscribe »

When the entrepreneurial engine cranks into motion at your house, make sure your family is prepared for the ride of their lives. Here are a few tips to help you meet the challenge of launching your first business:

1. Agree early on about the division of business and family duties between spouses. Discuss the decision-making structure ahead of time (including veto power), suggests psychologist Pat Hudson, Ph.D., author of The Solution-Oriented Woman (W.W. Norton). Agree on which areas each of you will oversee.

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