Should You Go Solo or Work With a Partner?
A great question to ask yourself is whether or not you wanna be a solopreneur or work with a partner instead on a business venture. Either way, it doesn’t matter but it’s definitely something to think of.
I have seen both sides of the coin on several occasions. I think it depends on YOU & your business model sometimes. For me, I know there’s times where I can work on a project by myself, but there’s other times where it’s best to have a partner. The big issues that people have with finding a partner is splitting profits? Think about it though, if you have the 2 right people involved, you might double or triple your profits. There’s just power in numbers in my opinion.
Again it all depends on your & the project. If you have a small project that won’t take too much time to get it off the ground, it might be a good idea to work it by yourself. I think you should push yourself til you feel that you’ll need an extra hand. Then you just gotta find the right partner.
Finding the right partner is critical. I’ve had a few business deals go bad cause I chose the wrong partner and it sucks. So make sure when you’re looking for a partner, that you do your due diligence. Find someone that is strong where you’re weak & vice versa. If you’re not good at the details and organization, find someone that is. You wanna find someone that compliments your talents.
Both ways can be very beneficial depending on the project. Just make sure that whatever you choose, you’ve got all your bases covered, you’ve taken the advice from your mentors, & you should be just fine! :)
Alejandro
Tags: business partnership, solopreneurRelated Stories
POSTED IN: Young Entrepreneurs
1 opinion for Should You Go Solo or Work With a Partner?
Hantulga
Jul 8, 2008 at 1:05 am
Yea, finding a right partner is the hardest thing to do.
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