The entrepreneurial journey can be a challenging, often lonely proposition. Family members who have “jobs” can mindlessly clock-in and clock-out. But you need to be resourceful, committed, and inventive. If your business fails, you don’t get paid, and your employees (and their families) can be in trouble, as well.
When you go through a divorce as a small business owner, your stresses can increase, exponentially. Here are some tricky problems you might have to solve:
- Is your spouse directly involved in the business? Is he or she a co-owner of business assets or properties? If so, the divorce can have immediate ramifications for how you structure your company and move forward.
- The emotional and physical challenges of the divorce can disrupt your business processes. For instance, the divorce can wreck your sleep schedule, distract you, make you physically sick, and consume spare time that you might otherwise devote to building your business.
- A divorce may force you to put a pin in certain activities and projects for the business.
- Depending on circumstances, your team can lose faith in the vision for your company.
To help you address these and other critical concerns, we’ve put together a series of posts designed specifically for small business owners. Please enjoy these. If you have any questions about how to handle your divorce, please get in touch with the Toussaint Law Firm, PC immediately to schedule a confidential and thorough free case evaluation.