Many people like to separate their personal and professional lives, while others wish to work with their families. As a couple, having a joint business is a great idea. It allows you to spend more time with your partner, control your work-family-life balance, and give you the financial independence to follow your life dreams.
So if you and your partner are confident that your relationship can survive and thrive as business partners, it’s time to take the plunge. There are plenty of fantastic business ideas for couples you can choose from and begin your journey into the entrepreneurial world. Here are our top recommendations for couples looking to start their own business.
Business Ideas for Couples Who Love Food
Coffee Shops & Bakery
Have you ever seen an empty coffee shop? No, right? That is the magic of a coffee shop. It is one of the most versatile establishments you can think of. Whether it’s the management executive who needs his morning espresso, the start-up founder looking for a place to work with a continuous supply of caffeine, or the young high school couple on a first date, a coffee shop is a perfect stop.
Therefore, if you or your partner enjoy spending time around people and can operate a coffee machine, a coffee shop/bakery is one of the best business ideas for couples. Coffee shops and bakeries can easily run out of a single establishment, and as long as you provide a good-quality brew and add even a simple baked items menu or on-the-shelf selection, your establishment will bring in profits. A free wi-fi connection will further draw in remote workers looking for a comfortable place to work out of.
A food truck is one of the most fantastic business ideas for couples looking to start small. With minimal investments, endless mobility, and no service requirements, it’s the perfect thing to begin your entrepreneurial journey with. Plus, a food truck gives you a lot of room to experiment through trial and error and figure out what foods, locations, and times work for you.
If you or your partner have the culinary abilities to whip up something special, consider starting a food truck. It is also a great option if you are looking for a break as a couple. Consider getting a large RV that can house a small living space and a food truck kitchen so you can travel and work simultaneously without worrying about finances.
Business Ideas for Couples Who Have a Knack for Caring
Pet/Baby Sitting Service
With people’s lives getting increasingly busy and stressful, the demand for hired carers for children and pets is increasing daily. So naturally, one of the easiest and low-stress business ideas for couples is to start a pet-sitting or babysitting service. However, this only works if you and your partner have a knack for caring for others.
Children and pets require a lot of attention and care, especially in the absence of their parents/owners. Therefore, you have an immense responsibility as a pet sitter or babysitter. If you think you and your partner are up to the challenge, spread the word to friends and family and wait for the phone calls. They’ll start pouring in sooner than you think.
Business Ideas for Couples who Know Retail
Online shopping is the fastest-growing avenue today, and as long as you provide good service and fairly priced, quality goods, your business is bound to be successful. This makes running an online store one of the most profitable business ideas for couples. There are many options for running an online store, such as:
- Online thrift store
- Amazon reseller
- Original products e-commerce
- Personal shopper
There are many more options for an online store, and depending on your preferences, you can choose the one which best suits you and your partner.
Business Ideas for Couples Who are Inspirational
Another great business idea for a couple is a consultancy/training service. Consultancy services can be provided in any field to companies and individuals alike. For instance, you can offer financial management consultancy if you are a finance professional.
On the other hand, if you have a specific skill set or knowledge base, you can offer training to groups or individuals. For instance, your partner may be an excellent pianist who can give individuals piano lessons. The great thing about this idea is that you don’t have to invest anything other than the skills you and your partner already have, making it one of the best low-risk business ideas for couples.
What is the most important thing in starting a business as a couple?
The most important thing is to ensure that both of you are on the same page regarding the business and genuinely want to take this step.
How do I register my business with my partner?
Your business incorporation style will depend on the business you choose to start. The recommended registration for family businesses is an LLC (Limited Liability Company.)
Can I run a passive business with my partner?
Depending on your situation, it is entirely possible to run a passive business with your partner, such as a real estate investment, which is one of the best business ideas for couples.
Do I need to hire an accountant while running a business with my partner?
Yes, like all businesses, it is always recommended to hire an accountant to ensure that all your financial dealings are sorted out.
Starting a business is a big step, especially with a partner. Depending on your life goals, preferences, and skill sets, you must consider the different business ideas for couples. To ensure that your relationship remains unaffected, you must mutually decide on everything beforehand and give importance to the other person’s wishes.