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The Bottom Line

Couples in Business

The Bottom Line

BBC

Personal Journals, Society & Culture, Business

4.6606 Ratings

🗓️ 21 November 2019

⏱️ 28 minutes

🧾️ Download transcript

Summary

What are the pros and cons of running a business with your life partner and how do you keep the personal out of your professional life? Evan Davis and guests discuss.

GUESTS

Sophie Mirman and Richard Ross, founders and owners, Trotters childrenswear and accessories

Claire and Andy Burnet, founders and owners, Chococo artisan chocolatiers

Peter Leach, author and Adjunct Professor in Family Business , Imperial College Business School

Producer: Julie Ball Editor: Hugh Levinson

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to this, the final programme in our current series, and we wanted to get personal for this, personal and professional. So we're looking at a reasonably common phenomenon, couples working in their own business together. Now relationships take quite a bit of management

0:23.1

at the best of times, but when people are together round the clock, at work and home, without

0:28.8

boundaries between the two, do they need to be extra pliant? How do they manage the power dynamics?

0:34.9

Well, I have five guests, two couples who run companies together and one

0:39.2

academic expert on family businesses. So we have the theory and the practice in the studio.

0:45.0

So let's start by meeting my guests. And first, serial entrepreneurs, Sophie Murman and her husband

0:50.9

Richard Ross, now they founded and owned the children's stores Trotters,

0:56.2

but have been around for quite a while, I think it's fair to say, because they created the sock

1:02.3

shop chain back in the late 80s and also ran Tyrak. Stock Market stars at one point. Sophie, Richard,

1:10.4

let's start with where you met as a couple.

1:13.0

What's the history of your relationship, putting aside the business side of it?

1:16.5

So Richard and I met at Tyrak.

1:19.0

I was taken on to start the business in the early 1980s.

1:24.0

I was the managing the business.

1:26.2

And Richard came as finance director.

1:28.6

That's where we met in the first.

1:29.9

I was not particularly happy to have a finance director coming and checking what I was doing.

1:34.9

But we ended up the best of friends and partners, partners in crime.

1:39.5

Right.

1:40.2

So you met through work, Richard, and then Tyraq, what was the story?

1:44.2

You went from Tyraq to create Sox Shop together. Well, and then Tyraq, what was the story? You went from Tyraq to create Sock shop together.

1:47.2

Well, we left Tyraq.

...

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