After spending a lot of years inside and outside of various partnerships, the only response to this question that I consider valid would be simply, “It depends!”
Of course, when the response is given the natural next question is often, “Well, exactly what does it depend upon”? Which is followed by the only valid next response, “Everything.”
Most people believe, and rightly so, that a proper partnership can be the vehicle that one can use to travel from where you are to where you want to be. Anyone considering a partnership is openly admitting that they have needs that they believe will best be attained by the partnership. Without that belief, there is little incentive to expose oneself to the process or the risks.
On the other side of the proposed partnership, there is likely (hopefully) a similar belief that you can and will assist the other person to reach their goals. In fact, the premise is usually that there will be a definite “win-win” in the partnership overall. And in an ideal world, that is exactly what happens – “Everybody Wins”.
The only real problems come about when partners come to the realization that neither of them can find an entry point into this “ideal world”. So, the next best suggestion would be to think carefully about partnerships because the reality is that they can be extremely “good” or “extremely bad” or some place in between.
What most people fail to fully understand BEFORE entering a relationship is that everything that happens outside of the partnership will have some impact on what happens within the partnership. In other words, partnerships are out of necessity “dynamic organisms” that grow and die. They change over time.
Two very good and decent people can together make extremely “bad” business partners. Simple logic may not always suggest that to be true, but it can and does happen nonetheless.
In short, I believe partnerships can be useful for all concerned, but a certain level of maturity of thought should be exercised beforehand. One of the major advantages of our strategies is that they strongly encourage you to identify your strengths and weaknesses such that you know, in advance, what a partnership has to provide to you so that you don’t have to guess or hope as to the value of a relationship.
As far as we have learned, there is no “guarantee” that a partnership will absolutely succeed or that it will absolutely fail. Our advice is to really understand the value of all that you are to receive from it and what you have to give up to get it. The best partnerships are ones where truly both of you win.
The strategies shared within our SDK Hunter Collaborator Group will help you to clearly learn what business tasks you can handle yourself and where you require leverage. Sometimes, you might think that you need a partner, when you actually need an “employee”. And other times, you might believe that an “employee” is required, when a very infrequent subcontractor would suffice.
In business, It is much easier to convince yourself to create more overhead than it will be to realize you never really needed it.
This article was written by SDK Hunter Consulting Group
About The Author:
Sherman Hunter and SDK Hunter Consulting Group staff consultants provide global moneymaking opportunities and proprietary strategies that quickly accelerate business activity. You may familiarize yourself with these unique concepts by visiting the SDK Hunter Consulting Group blog located at: http://sdkhunter.com
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