This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bookstore Blues: Ask Noah

NEW YORK ( TheStreet) -- Q: My ex-wife (5 years divorced) and I are dear friends. We began a bookstore together when we first married (17 years ago). We've since divorced amicably and still co-own the store. The bookstore breaks even, but barely, and I'm ready to sell it and begin a separate venture. I think she feels the same, but is less apt to admit it. How can I be the first to broach this sensitive topic?

A: It must have been incredibly difficult to divorce and then continue successfully running a business together. You have both maintained an excellent working relationship. Careful you don't dismiss the hard work it has taken to keep this business afloat.

Now that the time has come to move on, it's not surprising you would feel hesitant about approaching your partner. This began as a joint venture and any discussion of its dismantling will no doubt bring up a range of conflicting emotions in each of you.

I think both parties hesitancy to take action is based on a genuine affection for each other! Although the divorce was finalized some years ago, remaining business partners may have fulfilled a strong desire in you to stay connected.

Perhaps your real fear exists in letting go of the store, because you see the action as potentially marking the end of your relationship with your ex-wife.

I doubt this will be the case. You both genuinely care about each other, and have a profound history. The relationship will change, but it won't disappear.

Still, time has come for a change.

Having this conversation with your ex-wife/partner requires you to speak honestly, openly and with clarity of purpose. Make sure you highlight what positives the business has given you, rather than focusing only on present day struggles.

Listen respectfully to your partners responses and thoughts. Don't be so narrowly focused on your own agenda that you miss hearing her point of view.

She will most likely agree with your overall conclusion about leaving the business but may disagree on the particulars. Keep focused on the end game and make concessions when needed.

If you're able to communicate respectfully and with gratitude for her partnership; this conversation will start the process of your long-desired separation from the business.

Thanks for taking the time to write, and keep me updated.

Questions and comments can be sent to ASK NOAH at

Have a profitable and peaceful week,


Noah Kass is a psychotherapist specializing in addiction, relationship issues and work stressors. He has been Clinical Director at The Dunes: East Hampton and Realization Center in Union Square. Mr. Kass was a frequent guest on MSNBC's "The Dylan Ratigan Show," featured in a segment called "Kass' Couch" and regularly blogs for The Huffington Post.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs