Are you having any problem choosing the right business idea as a couple?. Are you wondering the kind of business you can start with your spouse to give you a better income?. Or do you need a business you and your partner can do together to bring you closer to each other?. Here are varieties of business ideas for couples that you can choose from.
Introduction To Business Ideas For Couples
Depending on what stage you are in as a couple, married, engaged, or dating starting a business together could benefit you both in several ways.
Firstly, it will increase the bond between you two because you spend most of your time together.
Furthermore, you guys earn together.
This will improve both of your financial lives and improve the feeling of satisfaction with each other.
Even more, you both get to work together on your goals simultaneously, consequently leading to fulfillment and improving the overall quality of your life.
Overall, as a couple in business, you both can maximize your efforts and achieve greater levels of success in business and life.
However, not all couples welcome the idea of running a business together.
Running a business with your spouse/partner can be quite rewarding if you go about it the right way.
Why You Should Start A Business With Your partner
You might be thinking that starting a business with someone you love and spending too much time with them will make you lose feelings for them.
However, the reverse is the case.
You both can achieve a lot by working together.
Let’s talk about why you should start a business with your spouse and the benefit you both will derive from it.
Improves Financial Status
Owning a business as a couple will enhance your financial stability.
Also, if the goal is to improve the family’s financial status, your business can do that.
You don’t need to pay anyone for the work done since it’s you and your partner only.
Starting or owning a business as a couple helps to improve communication and honesty in your relationship.
Both of you will be able to discuss more on how to improve the business and get it to the next level.
The communication and listening skills will help you make better decisions for the business.
Also, as it improves your business, it will improve your relationship.
Having your spouse as your business partner will also bring a new dimension to your relationship.
The new dimension is when you both invest your time and best into the business.
You also have the opportunity to grow together professionally.
Case Studies Of Couple-Owned Businesses
Still wondering if it’s possible to run a business with your partner successfully?
Undoubtedly, there’ll be good and bad times while developing your business.
However, how you overcome those challenging times will become part of your success story.
Here are a few case studies of couples who made it through in business together.
Micheal and Mecca Elliot
This couple is the founder and owner of Namaste nails sanctuary and a hammer/nails grooming shop for guys.
They got married before they started their business.
Samantha Abrams and Ian Gaffney
This is another couple that founded Emmy’s Organics.
Amanda Wee and Simon Cheng
They got married and started a business together.
They founded Pique tea.
In all, let these stories of successful businesses inspire you to begin your entrepreneurial journey with your spouse/partner.
12 Business Ideas For Couples
There are business ideas you can start and still maintain your relationship.
This list consists of online/offline businesses and businesses requiring low/high capital investment.
So, it all depends on you to pick your preferred business idea.
Let’s run through the list.
1. Rental Service
Rental service is a lucrative and profitable business idea for couples.
The rental service focuses on renting out items for commercial use.
These items could be furniture, appliances, vehicles, houses, and so on.
You can simply purchase a new one, a second-hand product, or use the ones you have.
However, you’ll need to decide on which rental services you want to offer because there are several types;
- Vehicle rental service.
- Party supplies rentals.
- Party character rentals.
- Renting of fitness equipment.
- Bicycle rental service.
- Home rentals.
- Renting of camping gear, and so on.
Furthermore, starting a rental service might require a high or low capital investment.
The type of rental service you choose will determine your startup cost.
It could cost you around $10,000 to $50,000 to set this business up.
However, the profits you could make from this business will be quite rewarding in the end.
2. House Flipping – Business Ideas For Couples
House flipping is a profitable business idea for couples.
Flipping a house entails buying houses or real estate at a cheaper price and selling for profit after renovation.
You can consider this business if you’re good at constructing, decorating, and marketing.
However, the startup cost for this business is high.
For a start, it can cost you $35,000 or more.
This depends on the worth of the house and the location of the house.
You could cost costs in this business by doing the renovations yourselves if you have the skills and time.
This could be much cheaper than bringing in a contractor.
3. Fitness Business
A fitness business is another ideal business idea for couples that love to hit the gym.
It’s no longer news that people are now making more conscious decisions to lead healthy lives by staying fit.
The Covid-19 crisis brought the fitness business industry $5,325 million in 2021.
Furthermore, the annual growth rate is expected to increase by 1.5% between 2020 and 2024.
So, this is a really profitable industry to invest in.
You can save on startup costs by using your home as your fitness studio at the initial stage of the business.
Then as the business expands, you could set up a space or gym center for your fitness business.
However, you’ll need to decide what kind of fitness activities you will include in your fitness sessions.
The different types include;
- Weight lifting
- Aerobic dance
- Push-ups, and so on.
Additionally, you can sell fitness wear, nutritional products, and healthy fitness products.
This will generate more income for your business.
Another cool way to run your fitness business is doing online fitness coaching.
Unline the on-site fitness coaching business; this allows you to work with a large audience- people from various parts of the world.
You’ll need to set up an account with your preferred online platform Facebook, Instagram, TikTok, Youtube, etc., connect with your audience, and start sharing valuable content.
Overall, you’ll need about $10,000 to $50,000 to set up your fitness business.
4. Coffee Shop
This is another profitable business idea for couples.
You can renovate a part of your house that will be suitable for starting this business.
By doing this, you won’t need to worry about renting a space.
This will help you minimize your startup cost.
You can also decide to offer limited menu options.
This is because it is more manageable and efficient to tend to a specific audience’s needs.
Furthermore, a coffee shop is not complete without the side dishes.
As a couple, one of you can make the coffee and other beverages while your spouse takes care of the side dishes and pastries.
Alternatively, you can hire a cook or chef who will handle the side dishes while both of you handle the business’s marketing and accounting.
The startup cost for this business ranges from $60,000 to $300,000, depending on the size of the business.
5. Restaurant and Food Delivery Business
Couples with good culinary skills can explore this business opportunity.
Not everyone can afford to eat delicious home-cooked meals either due to their busy schedules, lack of cooking skills, or their dislike for cooking.
Hence, they resort to eating junk and fast food, which is detrimental to their health.
People like this need a place to get fresh, healthy, and nutritious food easily.
So, you and your partner can meet this need by setting up a restaurant and food delivery service.
However, this is a capital-intensive business that could cost you around $170,000 to $750,000 to set up.
Alternatively, you could consider partnering up with a franchise.
Franchising is when you start your business under a registered company.
This way, you use their brand and follow their policies.
This makes business easier as they’ve already established a brand name and a working business model.
All you need to do is get the right to use their business name.
6. Affiliate Marketing / Blogging – Business Ideas For Couples
Affiliate marketing or blogging is a business strategy that involves making money from other people’s products.
You promote other people’s products to your audience and earn commissions when they buy from that product via your link.
This unique business model allows you to start a business with little or no money.
This is because affiliate programs are free to join.
However, you’ll need to fulfill certain conditions like having a specific audience/monthly traffic and a platform to promote the affiliate products.
You will need a personal computer and a good internet connection.
7. Vlogging Business – Business Ideas For Couples
Vlogging business is a type of blog where content is created and shared in video format.
If you both don’t mind being in front of a camera, you can consider this type of business.
However, you both need to be creative enough to deliver high-quality content for the business.
Depending on the equipment and settings, it could cost you about $6,000 and $12,000 to set up this business.
If you or your spouse are good at editing videos, you won’t need to hire a video editor.
This will reduce your business expenses.
Basically, you’ll need the following to set up your vlogging business;
- Personal computer and good internet connection.
- Ring light in case there is not enough natural light.
- Reliable backup power supply in case of power shutdown during shoots.
- A good quality camera with a flip screen.
- Studio if it’s necessary.
In addition, YouTube is one of the best video channels for vlogging businesses.
You could create video content around an interesting topic and share it on your page.
Above all, you make money when you have more subscribers on your page viewing your content.
8. Event Planning Service – Business Ideas For Couples
If you and your spouse are good at planning events, you can explore event management/planning business ideas.
You could specialize in organizing events for;
- Award ceremonies
- Official and unofficial ceremonies
- Graduation, and many more;
This depends on your interests and abilities.
Furthermore, you could share roles in the business based on each other’s strengths, skills, and competence.
In all, it could cost about $12,000 and $30,000 to set up this business.
9. Bed And Breakfast (B&B)
This is another profitable business idea for couples, especially if you live in a small town/city that attracts tourists.
It’s all about providing comfortable temporal accommodation and feeding (breakfasts) for people visiting town for a while.
Of course, you’ll charge a certain amount for these services.
However, you’ll need to have at least ten rooms for guests to set up this business.
People prefer B&B businesses to hotels due to their affordability.
So, if you offer top-notch services and comfortability, your B&B business will be much more profitable.
10. Jewelry Store – Business Ideas For Couples
Starting a jewelry business as a couple is a good business idea.
However, this is a capital-intensive business as it will cost you about $20,000 and $100,000 for a start.
This is because you will need to rent space.
You’ll also need money to manufacture or buy the jewelry from a wholesaler.
You could distribute roles in this business depending on each other’s capabilities.
For instance, one could be responsible for sourcing the jewelry from other towns or countries.
The other party could be in charge of selling and attending to customers.
This way, you both can run the business smoothly.
You could also consider taking your business by promoting your products on Amazon, Esty, and others.
11. Baking Business
If you love baking, you should know you can turn it into business.
There are several ways to go about this business.
Firstly, you can start your baking business from home which might cost you about $1,000 to $15,000.
This cost depends on the equipment and material you’ll buy for the business.
You can also promote your home-baked recipes online to reach a larger audience.
Alternatively, you could set up a walk-in pastry shop where people can buy and eat freshly baked pastries or take them away for their colleagues and loved ones.
This would cost you about $70,000 to get started.
12. Courier Service- Business Ideas For Couples
Do you have contact with reliable truck drivers or motorcyclists who won’t mind delivering packages to different parts city to earn extra cash?
Can you sort, package, manage and track the movement of items from point A to point Z.
If yes, then you could set up a courier/delivery service business.
You could decide to focus on delivering specific items or any item.
You’ll need to have a team of reliable transporters who will do the pickup and delivery.
In addition to that, you’ll need storage space (this could be your home or rented space), a business name/logo, insurance, and more.
One partner could handle the logistics process while the other deals with the paperwork.
Lastly, like with all businesses, you’ll need a business plan and capital.
Conclusion On Business Ideas For Couples
Starting a business with your spouse means you both trust each other.
However, starting any of the businesses above will depend on your educational level, experience, creative skills, and marketing skills.
Every business idea discussed above needs a proper business plan.
Also, if you are starting any business, you should check with your local officers for a license and permit.
Furthermore, no business can grow forward without marketing.
This is why you should use the right channel to promote your business.
Also, you and your spouse should be ready to put in the work to run a successful business.
No one said it would be a smooth ride all the way.
There will undoubtedly be good times and bad times.
However, with tolerance, consistency, perseverance, and patience, you will scale through and be successful.