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When is Partnering in Business a Bad Idea?

Getting someone to team up with you and help you build your business sounds like a great idea, especially when you think about all the extra work you could get done in less time. If that someone else could provide the skills in your business that you aren’t good at, even better. Of course having two minds with the same objective is better than one.

When my ex-husband was first launching his business, he partnered with a marketer and was able to make a killing. They had divided their skills, with my ex being the producer, and his partner functioning as the salesman. This partnership worked so well that they built up the company and hired over fifty employees.

But there are often more problems than not when it comes to partnering. I have coached several partnerships that took a turn for the worse. What are some of the things to watch out for?

#1- Same Skill Set Breeds Trouble

If both of you like to do the same thing, and you both want to be the service provider, it can cause a lot of trouble. One of the biggest problems is that both partners involved may have the same skill set, and both want to provide the service, and neither really wants to work on the other parts of the business that are necessary.

#2- Different Work Ethics

Nothing breeds resentment more than having one or more people in the partnership thinking that they are doing most of the work. If you have someone who dives in and gets it done, and the other person likes to have a good time, some challenges will be in store for you all.

Another thing to watch out for is if more than one person likes to be in charge, or if one of the people really likes to be in charge. There needs to be a way for all partners to feel respected and to give respect.

I have been helping entrepreneurs and business owners grow their business and balance the needs of home for over 18 years. Being a mother of 8, author of 20 books, former radio show host, and an award winning speaker, I can show you that balance and success is not only possible but vital to make more money, have more free time to be there for your family. Claim my free gift and Discover how to Grow Your Business on Your Own Terms Today at http://BizOnYourTerms.com

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