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Tina Hodges is the co-owner, chief executive and chief experience officer at Advance Financial in Nashville, Tennessee. She’s also the wife of Entrepreneurs’ Organization (EO) member Michael Hodges, who happens to be her business partner. We asked Tina about her experience owning a business with her spouse. Here’s what she shared.
When someone is devoted to her work and clocking in long hours, we often say she is married to her job. In my case, I am married to my job and my business partner. Mike and I have been running a financial services company headquartered in Nashville for 16 years and have been married for 13 of those.
Growing up in a household where mom and dad ran a business together gave me a good idea of the challenges and benefits of working with your spouse. When the water pipes freeze and leak on Christmas Day, who’s going to the office? You both are. I saw my parents as partners, one mopping up a mess while the other emptied the buckets. I knew it would be an exciting and rewarding challenge.
By day we run a business with more than 650 employees and more than 70 locations throughout Tennessee. By night we run a family as parents of three beautiful young girls. It is possible to do it all, and do it successfully.
Here are my tips for how to make marriage in business work.
1. Be extremely honest about strengths and weaknesses
One thing that makes our partnership work so well is that our skills are complementary. We know what skills the other brings to the table. I am detail-oriented: spreadsheets, plans and timelines are my specialties. Mike is a visionary; he focuses on the big picture. He generates the ideas, and I map out how we will make them happen. It is a near-p… Read More
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