4 Things Any Woman Business Owner Needs To Know About Divorce

Divorce is a complicated life circumstance, and for women business owners, it is a complex one as well. Reducing the impact of life change and the responsibilities of managing a business takes planning and strategic thinking. How divorce impacts your finances, legal and work life can assist you during this time. Here are 4 things you need to know about divorce that every woman business owner needs to know.  

1.     Your Company Could Be an Asset of the Couple.  

A question that most of us are asked when getting a divorce is whether your business is part of your property or not. That is dependent on when the company was founded, its financing, and if your spouse helped in growth.  

Key Points to Consider:   

Premarital Assets: If you started your business before getting married, it can be separate property, although any value it gains during the marriage could be divided up. 

).Pensions from Spouse: If your spouse contributed to the business (be it by being involved in the business directly or helping out at home) this might solidify their stake in some value. 

Contracts: A prenup or postnup will bolster your business when it comes time to get divorced by making clear the division and ownership arrangements.  

Action Steps:  

Keep a book of accounts to establish the value of the company prior to and during the marriage. 

Find a business and family law lawyer to learn how your state views business assets during a divorce.  

2.     It’s Likely You’ll Need To Do A Business Valuation. 

Value of your business will need to be calculated to see where it belongs in the divorce agreement. It includes analyzing the company’s resources, liabilities, income, and prospects. 

Types of Valuation:   

1. Asset-Based Approach: Values the company’s assets less its liabilities. 

2. Income Approach: Estimates the company’s income and estimates future income. 

3. Market Based: Comparison of your business with companies recently sold.  

Why It Matters:  

1. It’s based on the valuation whether you’ll split your company or you’ll have to take over your spouse’s share. 

2. Value dispute can derail a divorce, so be sure to hire a qualified valuation professional. 

Pro-Answer: Be honest during the appraisal and work with experts who know your market so they can give you the right valuation.  

3.     How Divorce Can Affect Your Company’s Functions? 

Apart from legal and financial, divorce can also prevent you from managing your business properly. Stress, debt, and lawsuits can eat away the time and energy you normally invest in your business. 

Potential Challenges:   

Financial Challenge: Settlements in divorces and legal proceedings might require you to use business cash, which can hurt cash flow. 

Distractions: Divorce can affect working and decision-making capacity. 

Reputational Dangers: Your divorce may influence client, employee, or investor trust if made public. 

How to Mitigate Disruption:  

Hand over tasks to trusted team members so the business is operating efficiently. 

Keep a work-personal distance: Don’t discuss personal issues at work. 

Borrow cash or get loans to cover the bills. 

4.     If You Plan Early It’s A Way to Secure Your Business. 

Be proactive about planning to protect your business from the unknowns of divorce. It is possible to start earlier, even before you are married, and be well ahead of losing ownership of your company.  

Protective Measures:   

Prenuptial/Postnuptial Agreements: Make clear who gets what and how much in the event of divorce.  

Separate Money: Don’t mix the personal and business money, in order to keep it separate. 

Insurance: Look into key person insurance or similar to keep you covered in times of turbulence. 

Long-Term Considerations:  

Reconsider your business model; creating or incorporating a trust could be additional protection. 

Be sure to keep detailed accounting books for all the money in order to have it open in court.  

Post-Divorce Planning:   

Delete or change ownership documents, bank accounts and contracts if you divorced someone.  

Re-organize and build your business with the eyes of the future. 

Many different scenarios women business owners must plan around with an expert. If you know the legal and financial risks, are ready for valuation, can keep disruption to a minimum, and do your best to safeguard your business, you can take on this traumatic time with calm feet. Gather legal, financial, and emotional resources by your side to get you through it, feeling ready to move on with your business and life.

Unlock Your Best Self: How Thoughtful Planning and Self-Care Can Transform Your Life

In the journey of entrepreneurship and personal growth, balancing your ambitions with genuine self-care is essential. As a female solopreneur, the demands of juggling business goals and personal well-being can be overwhelming. The key is finding the right tools and habits that help you stay organized, motivated, and emotionally balanced. In this post, we’ll explore how guided planners and journals can revolutionize your productivity, mindset, and overall happiness. (Note, this blog post contains affiliate links).

The Power of Intentional Planning

Intentional planning is more than just scheduling tasks—it's about creating a roadmap for your dreams and breaking down your aspirations into actionable steps. A well-structured planner can help you clarify your priorities, track your progress, and celebrate your wins, no matter how small.

One tool that stands out for female solopreneurs is the Dream It, Earn It Planner. This planner is designed specifically for women who are paving their own path in business. It provides an organized framework for goal setting and financial planning, ensuring that every aspiration is met with a clear action plan. With sections dedicated to budgeting, monthly reviews, and step-by-step goal breakdowns, the Dream It, Earn It Planner is more than just a notebook—it's a personalized blueprint for success.

Cultivating a Mindful Morning Routine

How you start your day sets the tone for productivity and mental clarity. Including a period of reflection can dramatically improve both your personal and professional life. A guided daily reflection journal can be an excellent companion to your morning routine.

Consider the Self Care Journal – Guided Daily Reflection Notebook. It's more than a collection of blank pages; it's a thoughtful guide to help you explore your thoughts, set intentions, and reinforce positive habits. By dedicating just a few minutes each day to self-reflection and affirmations, you create space for mental and physical well-being. The prompts encourage you to focus on gratitude, self-love, and mindfulness, which are crucial for nurturing resilience and self-awareness. This daily practice can lead to lasting changes in your mindset and emotional health, ultimately supporting your business goals with increased clarity and confidence.

Mastering Time Management & Productivity

Effective organization is not just about having a to-do list—it's about aligning your daily actions with your long-term vision. A life planner that combines weekly and monthly views can be a game-changer.

The Legend Planner – Weekly & Monthly Life Planner to Hit Your Goals & Live Happier is crafted to assist you in creating a balanced schedule that addresses both professional obligations and personal growth.

This A5 Rose Gold organizer notebook and productivity journal is visually appealing and functional, making planning an enjoyable experience. Its design encourages you to set realistic goals, prioritize tasks, and reflect on your achievements. By using the Legend Planner, you can maintain focus, reduce stress, and create a harmonious work-life balance that fosters happiness and productivity.

Integrating These Tools into Your Daily Life

Now that we’ve covered three essential tools, let’s discuss how to integrate them seamlessly into your routine:

1. Morning Ritual with the Self Care Journal: Start each day with a few minutes of guided reflection. Use the prompts to center yourself, set intentions, and affirm your commitment to self-love and personal growth.

2. Weekly Planning with the Legend Planner: At the beginning of each week, allocate time to review your goals, schedule key tasks, and set priorities. Use the monthly overview to ensure that your daily tasks align with your long-term objectives.

3. Monthly Review with the Dream It, Earn It Planner: At the end of each month, reflect on your financial progress, reassess your goals, and adjust your action plans accordingly. This planner will help you stay accountable and financially savvy while pursuing your dreams.

The Benefits of a Holistic Approach

Combining goal-setting, reflection, and structured planning creates a powerful synergy that fuels success. These journals and planners are more than just stationery—they are tools for transformation. They support a holistic approach that addresses not only your business needs but also your mental, emotional, and physical well-being.

When you commit to a routine that values both ambition and self-care, you nurture a sustainable path to success. The investment in quality planners like the Dream It, Earn It Planner, Self Care Journal, and Legend Planner is an investment in yourself. These tools empower you to take control of your life, make intentional decisions, and build a thriving business while maintaining a healthy, balanced lifestyle.

Final Thoughts

Embracing the right planning and self-care tools can profoundly impact your journey as a female entrepreneur. With guided journals and planners by your side, you'll find greater clarity, motivation, and confidence in pursuing your dreams. Remember, success is not just about what you achieve but also about how you grow and care for yourself along the way.

Ready to transform your planning and self-care routine? Explore these tools:

• Dream It, Earn It Planner

• Self Care Journal – Guided Daily Reflection Notebook

• Legend Planner – Weekly & Monthly Life Planner (Rose Gold)

Invest in these planners and start crafting a life that balances achievement with well-being. Dream it, plan it, and watch your aspirations turn into reality!

Five Business Ideas For Rebellious Women

Anything you can do, I can do better - right? 

Women have spent years under the thumb of the patriarchy, fighting tooth and nail to be considered equal to their male counterparts and struggling to carve out their place in the world. When it comes to business, it’s always been a struggle to be taken seriously enough to enter into managerial and leadership positions that count. Women haven't had it easy in the workplace, so it doesn't surprise us that there are plenty of job roles out there that are still thought of as “male” and others that are considered to be “female”. Think truckers and engineers vs maids and childcare workers. 

The good news is that there are plenty of ambitious and rebellious women taking the initiative to go against these stereotypes. There are women who see that they have value no matter what they do, and so we’ve got five business ideas for the rebellious women who won’t be held back by industries dominated by men!

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Graphic Design

Every company is now in need of a graphic designer, and many of the designers in businesses today are, in fact, men. Women are just as creative and energetic with tons of ideas, which is why a career in graphic design could be the very thing that you could do to make a difference to your future. Get up to speed on what you could earn, how to gain clients, and how to earn your worth, too.

Haulage

Most people would agree that haulage is a very male-dominated field but that doesn't mean that you couldn't make a ton of money. All you need is an understanding of the job and quality truck leasing to be able to run a successful haulage business. Hire more people later on and you could build up a lucrative business!

Farming

Owning a farm is no easy thing to do and there is a lot involved, whether you are growing and harvesting wheat for sale, or you are planning to raise dairy cows. There are a lot of early mornings and a lot of physical work involved. However, that doesn't mean that it’s going to be too hard. There is a future in farming and agriculture, and you shouldn't let physical work put you off!

Cooking

Women may be told to get into the kitchen at home (in some very backward places to live) but in the corporate world, the kitchen is very much a man’s game. The industry still recognizes more male chefs than female, but that can change with the ability to whip up a sumptuous feast and a good business head on your shoulders!

Video Games

Believe it or not, people pay money to watch others score and win on video games. They sit on YouTube and watch as they play and win games, and pay to watch. So, brush up on your FIFA or Call of Duty skills and invest in some camera equipment - you could be being paid to play!