The end of a relationship is tough going emotionally. A client came to see me…
Considerations For Female Entrepreneurs Contending With Divorce
A Difficult Issue
A divorce is never easy, but it can become especially complicated for female entrepreneurs acting as the head of a household. Already, natural gender conflicts compound the day-to-day of professional interaction. Couple that with marital issues, management crises, and an increasingly female-dominated market, and divorce could undermine your business, too.
Firstly, consider associated expenses. If a divorce can be avoided, it should be. If you’re the money maker, then the prosecution has a toehold which can put you in a position that is required to support the man. There have been a lot of changes in today’s legal environment; previous conventions have shifted from the trials of yesteryear. How judges and juries decide on things is informed by this new perspective.
You may be required to render a substantial portion of business profit to your ex-husband. Even if you don’t have to do that, legal fees can be such that you’re unable to maintain your business. It’s integral to cut costs wherever you can. Getting preemptive about this can save you in a time of trial. Generally, operating in as streamlined a way as possible is always to be recommended.
Consider modern technological infrastructure as a means of establishing increased operational security. Cloud computing has design apps that can make putting together new software more cost-effective and viable than ever before. You can outsource server space. Essentially, you have the propensity to outsource the totality of tech infrastructure and reduce costs.
This even extends to varying operational departments. For example, payroll needs may not necessarily require a dedicated employee. You might use an option like Clockspot instead. This allows you to keep time on employees remotely, and generate payroll with the click of a mouse. Such a solution can be essential in managing a remote team.
BYOD, or Bring Your Own Device, refers to a work paradigm wherein employees complete work from their own hardware wherever they happen to be, provided they have proper access credentials and a secure web connection. Such an operational paradigm can save you parking, workspace, and hardware costs; helping you free up resources for unexpected exigencies like divorce.
Something else you’re going to want is an attorney you can trust in. At the following link is a family court attorney in San Rafael CA which is well-known in the area. You want to find attorneys like this one—or this one particular if you’re near San Rafael.[Text Wrapping Break]
Qualifications and a history of success are primary features to consider when sourcing aan attorney.
Contending With Legal Fees, And Being Prepared
Legal fees are no joke, and these compound the already uncomfortable reality of the loss which comes when a marriage dissolves. Ideally, you never have to go through this; but planning ahead may be a wise choice. It may also work as a negatively self-fulfilling prophecy if you’ve got the wrong attitude; so be careful.
Especially if you and your spouse managed a company together, personal and business assets can become entangled, and maintaining income for either of you could represent a challenge.
Female entrepreneurs are in a rapidly shifting world defined by technology, politics, bureaucracy, and legal intrigue. Accordingly, to properly succeed requires no “fat” be on the “body” of your business. You’ve got to be a lean, mean, profit machine. You need to have a vision, stick to it, and prepare that vision against any eventuality—even costly divorce.
It may not be possible to stave off the dissolution of a marriage, but if you’re wise enough to conduct the affair properly, the loss of a marriage need not make you lose your business too.