Do you wonder if you need a business partner to help with managing or to expand your business? Successful solopreneurs will eventually need to either add a team member or consider getting into a business partnership with someone they can trust.
If you’ve been in business for at least 2 years, have you thought about having a partner to help you? Or adding a team member?
Most people start as a sole proprietor and enjoy the freedom of managing their day by structuring and scheduling around meetings with new clients, having flexible times to meet deadlines.
“Eventually, you need to add a team member or a partner in order to grow your business”.
However, as you start to build your online reputation and networking with other service providers, you quickly get overwhelmed; prospective clients will start requesting for your help, and sometimes, it seems everyone is calling you all at once. You think you can take on more clients but quickly find that you need more help. You need help to manage all the tasks and projects so everyone is happy.
So, if you’re like most independent contractor, you don’t want to turn new business away!
For some of you thinking of expanding your business, I found this article about getting a business partner which includes savvy tips from successful people, such as Jack Canfield, co-author of Chicken Soup for the Soul and one of my favorite books, “The Success Principles How to Get From Where You Are to Where You Want to Be” and from Chris Plough offering his insights on core values and building quality relationships along with a few others.
There’s a lot to consider before getting a business partner to help run your business. If you’ve never partnered up with anyone before, you might consider getting the advice of a business coach or mentor who has experience with business partnerships. Since you’ve learned mistakes being a solopreneur, seeking a business coach can perhaps help avoid some of the issues having a partnership may bring.
Being comfortable to communicate with your prospective partner in an honest and trusting relationship is just the icing on the cake. However, issues do come up. Some of the questions you should ask would be “how did you handle this (issue)?” just to find out their response and get a glimpse of their strategic or tactical solution. Think about some of the hard mistakes you’ve made in your own business and pose those problems to a potential partner and see if they are similar to your solutions or not.
I’ve heard of other’s advice that maybe you should look for someone who is opposite of you, because they bring to the business a whole different strategy/brainstorming ideas.
Anyways, this article was a starting thought on getting a business partner. I hope this short article will provide insights into the world of business partnerships.