Sitemaps
How We Secretly Lose Control of Our Startups
Does Startup Success Validate Us Personally?
Should Kids Follow in Our Founder Footsteps?
The Evolution of Entry Level Workers
Assume Everyone Will Leave in Year One
Was Mortgaging My Life Worth it?
What's My Startup Worth in an Acquisition?
When Our Ambition is Our Enemy
Are Startups in a "Silent Recession"?
Do Founders Deserve Their Profit?
The Utter STUPIDITY of "Risking it All"
Why Most Founders Don't Get Rich
Investors will be Obsolete
Why is a Founder so Hard to Replace?
We Can't Grow by Saying "No"
More Money (Really Means) More Problems
Committees Are Where Progress Goes to Die
Wait a Minute before Giving Away Equity
Why do Founders Suck at Asking for Help?
The Value of Actually Getting Paid
Will Investors Bail Me Out?
Is the Problem the Player or the Coach?
Do People Really Want Me to Succeed?
You Only Think You Work Hard
SMALL is the New Big — Embracing Efficiency in the Age of AI
The 9 Best Growth Agencies for Startups
Never Share Your Net Worth
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
The Ridiculous Spectrum of Investor Feedback
$10K Per Month isn't Just Revenue — It's Life Support
Why do VCs Keep Giving Failed Founders Money?
If It Makes Money, It Makes Sense
The Hidden Treasure of Failed Startups
My Competitor Got Funded — Am I Screwed?
Why Having Zero Experience is a Huge Asset
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Risk it All vs Steady Paycheck
A Steady Hand in the Middle of the Storm
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Why I'm Either Working or Feeling Guilty
Are Founders Driven by Fear or Greed?
What if I'm Building the Wrong Product?
How Startups Actually Get Bought
Quitting vs Letting Go
Actually, We Have Plenty of Time
Why Can't Founders Replace Themselves?
Who am I Really Competing Against?
Investors are NOT on Our Side of the Table
Plan for Bad Times, Budget in Good Times
Demo Article
When a $40m Exit is More Than a $200m Exit
Don't Fear the Reaper: AI Edition
Don't Let Investors Become Your Customer
We Can't Stay Out Of The Game For Too Long
What if Our Dreams Are an Illusion?
What if this isn't a "Big Business"?
Founders, Not All Problems Are Apocalyptic
Stop Listening to Investors
Can You Build a Startup in Less than 40 Hours per Week?
Unlocking the Power of a Startup Community
Strategies to Effectively Raise Capital for Your Startup Business
Are Bootstrapped Startups Less Valuable?
Why Founders Don't Ask for Help
Where to Find Startup Mentors to Take Your Business to the Next Level in 2023
What Is a Venture Capitalist and How Do They Work?
What Is an Entrepreneur? A 2023 Guide to Starting Your Own Business
A Guide to Different Stages of Funding for Startups
Time is Our Greatest Asset
The Toll of Everyone Around a Founder
Big Starts Breed False Victories
Once a Founder, Always a Founder
The Invention of the 20-Something-Year-Old Founder
When is Founder Ego Too Much?
Founder Impostor Syndrome Never Goes Away
Always Take Money off the Table
Should I Feel Guilty for Failing?
The Case Against Full Transparency
Why Do We Still Have Full-Time Employees?
This is Probably Your Last Success
How Many Deaths Can a Startup Survive?
How Should I Share My Wealth with Family?
Why Do VC Funded Startups Love "Fake Growth?"
Living the Founder Legend Isn't so Fun
Youth Entrepreneurship: Can Middle Schoolers be Founders?
How to get Customers for Startups
Founder Sacrifice — At What Point Have I Gone Too Far?
The Power of a Growth Mindset: How to Achieve Success in Your Startup
Startup Board Negotiations: How do I tell the board I need a new deal?
20 Best Kinds of Startups for 2023
Series A Funding Rounds
6 Similarities between Startup Founders and Pro Athletes
Choosing The Right Type Of Website For Your Business
Startup Failure is just One Chapter in Founder Life
What If my plan for retirement is "never retire"?
Is Quiet Quitting a Problem at Startup Companies?
If a Startup Sinks, Founders Go Down With it
Startup Growth Challenges: The Downfall of Becoming Internally Focused
Analyzing Startup Accounting Results

Preparing Your Spouse for a Startup

Wil Schroter

Preparing Your Spouse for a Startup

How much time do we spend preparing our spouses for our startup journey?

Do we assume they somehow magically understand the path we've chosen to follow? Do we know for sure that our sacrifices align with their goals? When is the last time we sat down and made ourselves 100% sure that we're still on the same page?

In a business where we spend so much time recruiting talent, pitching investors and selling customers, we often overlook the most important person we should be convincing to join our cause — our spouses.

Often the single most important person in our life hasn't been afforded the same time and attention as everyone else to understand exactly why we're going down this crazy path. Or perhaps they do, but they haven't been reminded in some time why we're still doing it.

No matter where we are in the startup process, getting our spouses are 100% on board with our path and constantly updating our progress may be the single most important communication we can have.

So let's walk through some of the most fundamental issues that we need to discuss with our spouses to truly be sure we're on the same page now — and in the future.

"This isn't a Job — it's a Startup"

Everyone understands how a job works.

We go to our job, we work, we get paid. Sure, our boss may call us at some odd hours or make us work on a weekend, but at least we know what we're up against. There are certainties like work hours, fixed responsibilities and a guaranteed paycheck.

But startups typically don't have those "luxuries."

A startup isn't like caring for an adult that can survive without us. It's like caring for a child that will die if we don't constantly feed it at all hours of the night and give every waking hour to.

If we don't put everything we have into a startup, it very well may not be there for us tomorrow. Most people don't understand that concept whatsoever, including our loved ones, so it's imperative that we explain to them how this "job" is vastly different than any job we may have had before. Every bit of our attention determines whether there will be a job to come back to.

If we don't make it clear how this commitment is vastly different than a typical job, then all of the additional efforts we're about to make will get easily lost. We can't afford that.

"Sacrifice will be Constant"

Being the Founder of a business isn't just about hard work — it's about sacrifice.

We not only sacrifice getting a paycheck, we often have to spend our savings and leverage our personal assets to even have a job to show up to. And that's just the financial part.

We also have to sacrifice countless hours of our time, which takes directly away from our loved ones. Where we get into trouble is when we don't put the "skunk on the table" with our spouses and simply say "I'm going to sacrifice a ton of time. There will be many times where I won't be there. Our daughters' recital that I missed? Yeah, that's probably not the last one."

Some folks aren't willing to make those sacrifices, and ideally, don't have to.

A startup shouldn't be used as justification for sacrifice — just the cause of it. More importantly, if we're going to undertake the sacrifice of our time and capital, we need to make sure our spouses are complicit in that sacrifice. Otherwise, we've put ourselves at odds with the very people we need so desperately for support.

"It (probably) won't make us rich"

We all want to believe that our startup will have some big payday, but statistically, it just won't. Most startups fail, just like 99.99% of lottery tickets are losers, but we all joined the game with the hope that ours is the winning ticket.

The problem with pinning the discussion on the startup "making us rich" is that it may be the single greatest lie we tell our spouse — and ourselves. It would be great if this startup went on to make us fabulously wealthy, and obviously, that's a valuable goal, but if that's all we're doing this for, we're going to get one constant question: "Where's the money?"

And frankly, if all we communicate is that this is about money, then the "Show me the money" question is exactly the right question. Where we go wrong is if we pin 100% of our goals on just the financial outcome. That outcome is far away, and has way too many question marks to let us definitely say "there's a financial upside here."

The better approach would simply be to say "I really think there could be a big upside here, but I'm realistic in understanding that it's a big risk. I'm willing to keep taking that risk if you're willing to support it, recognizing that there's no guarantee here." The critical element is making sure our spouse believes in the same bet we do — and cares about it.

"This is why this is important to me"

If all we cared about was the financial upside of a career, we probably wouldn't have chosen the startup route. There are plenty of other ways to amass wealth that don't involve risking going without a paycheck for years on end!

The truth is it's more than that for us.

It's about pursuing something we really care about. It's about being our own boss but more so, controlling our own destiny. It's about creating something beautiful that ranges from our ideas to our culture to our customers. Something we're infinitely proud of.

Those deep and personal reasons are critical to communicate to our spouses — over, and over, and over again. It's not good enough for us to think "Well, I told them why I wanted to do this last year, I don't know why I'd have to explain it again!" We have to constantly remind them of why we want to work for ourselves so badly. Of why we're so passionate about this product. Of why we think the culture and company we're building is going to be the nirvana of jobs.

If we don't keep bringing the focus and the conversation back to the "why" it gets buried in the daily grind.

"This is why Today Mattered"

Which brings us to our next challenge: explaining why today mattered.

Startups typically don't enjoy big wins like a funding round or a massive client win. We celebrate tiny wins, like the fact that our new landing page converted 0.03% better than last week, or that we got a small mention in some obscure blog. They matter to us because we understand the context of them. Our spouses rarely do.

It's our job to come home and not only explain what happened but why it really matters.

When I come home and tell my wife (who has worked at startups herself) why our new landing page converted so much better, she gets it. Honestly, I'm not sure if she gives a shit in the grand scheme of things (that's OK honey), but I know that she knows it's progress.

And in a business where we can't show the obvious signs of progress (like paychecks, more vacation, and promotions) we have to be able to showcase and celebrate these victories. Otherwise, it feels like we're just floating.

"This Only Works if we're on the same Page"

A startup founder's greatest asset is their spouse. The person in their corner at times when literally no one else is. The person that reminds them that they are "the woman/man" when we feel like total frauds.

That same superpower turns into absolute Kryptonite though if our spouse isn't on the same page with our plan.

If instead, our spouse is constantly at odds about our startup, all of those valuable cycles of creativity, inspiration, and ambition are eaten up in countless fights at home. A founder can't win a war on both fronts. If we can't make our spouse an ally, we're in a for an even tougher road ahead of us.

That's why it's so imperative to have a very open and honest discussion about what it means to be the spouse of a startup founder and why, as a couple, it only works if we're 100% on the same page.

And as it happens, there's no more important to recruit to our startup team than our spouse.

Find this article helpful?

This is just a small sample! Register to unlock our in-depth courses, hundreds of video courses, and a library of playbooks and articles to grow your startup fast. Let us Let us show you!

Submission confirms agreement to our Terms of Service and Privacy Policy.

Already a member? Login

No comments yet.

Register to join the discussion.

Already a member? Login

Create Free Account