When you started your business, you were already married, and your spouse was very supportive. The business flourished over the next five years, but your marriage didn’t. It takes a lot of work to bring in over a million dollars a year in revenue, and you’re proud of your professional accomplishments, but you’re wondering if this could lead to divorce.
Your fears may be valid.
How many hours do you put in?
There are many potential questions here, but a big one is just how much you have to be at work to make your business function properly. After all, it’s clear that work/life balance is hard for many couples, and that includes those who are merely employees. As a small business owner, you have vastly more responsibilities.
Spending too much time apart can lead to divorce. If you work 40 hours a week, you can probably find the balance you need, but is that realistic? You’re not just an employee. New businesses are notorious for how much time they take. If you’re actually working 60+ hours per week, that doesn’t leave much time for anything else, and you and your spouse could start drifting apart.
What will a divorce mean for your business?
If it becomes clear that divorce is approaching, you need to know what it means for your personal life, but that’s not all. You also need to know how it could impact your business. What are your marital assets? How could the financial side of the divorce alter your company? Be sure you understand exactly what steps you need to take to protect your business and your other interests. Early guidance from an experienced attorney is wise.