Ever thought of getting your own small business partner.
Many hands make light work but too many cooks spoil the broth, so is using a business parter the right way to go in your small business?
Starting your own small or micro business can be a great adventure, it can also be full of stress. Just think how great it would be to share that joy and pain with someone.
Benefits of getting a Small Business Partner
Some of the benefits of working with a partner or partners in your small business venture are:
Some one to bounce ideas off
Some one that is also motivated by the goal of developing a great business
Sharing skills, we can’t all know and do everything. It’s great to share the workload, knowledge and skills
Sharing resources, you may not have every thing you need for your business, a partner may have other tools and equipment that you lack
The problem with a having a Small Business Partner
A partnership with others may present you with some challenges
Your partner may have differnt ideas on the direction of your business
Personalities may clash, will you lead together or will one lead and the other follow?
Trust may be an issue, how trusting are you?
Work ethic may be differnet, you may want to work 24 7 and they may want to work 9 – 5
Motivation may not last, it may be fine working together at the start but if times get tough, will the business relationship still work?
Working with a partner has many benefits, just don’t overlook the challenges. I think that life is a balance of risk, reward and luck.
Remember to give me your feedback.
I am always looking to parter up with like minded people, I have plenty of ideas but too little time to work on them all, maybe we could partner up, maybe I have a skill that you need and we could swap skills, let me know what works for you.
Here are just three of the many challenges you may face if you are thinking of starting your own small business.
Business strartup Procrastination
It’s sometimes very hard to get started because of constantly putting it off, finding other things to do first and never getting round to the real work of actually starting the business.
Unrealistic small business goals
If you expect results that are not realistic, this may cause you some problems. Some people think they will start their business today and have enough profit to quit work tomorrow, this may be true for some businesses but is this realistic for most businesses? Having unrealistic goals can cause even a great business idea to fail.
Not using small business startup help.
You may not have all the skills and knowledge you need to start your business, some people find themselves lost, they don’t know what to do and they spend lots of time trying to work things out themselves instead of getting help. For example if you don’t know anything about websites but you need a site for your new business, why spend a long time learning about websites when you can just get help in this area by finding an expert and asking them.
It is a great idea to learn all you can about your business and to keep learning but it’s also important to spend time wisely, to spend time and energy on getting the business started rather than spending time on trying to do everything yourself. There are only twenty four hours in a day and there is a limit to what one person can do alone without help.
Fortunately there are many ways to overcome these three challenges, the main way is to plan what you want to do, set goals and get help to make them happen.
If you need help to get your small business idea started, just ask, I’m more than happy to help you.