Working with partners is a unique experience and one that I recommend everyone try at least once.
Partnerships can be some of the most rewarding, as well as the most frustrating, experiences of your life.
Either way though, you’ll learn more than you thought possible.
You’ll get a crash course in negotiation, relationships, attitude, work ethic, and of course, communication.
All valuable skills to pick up.
In fact, working with a partner or partners can be, in many ways, like getting an MBA in business.
The big difference is that you’re getting real world experience and, with any luck, may come out of it a very rich person.
As I’ve had the privilege of working with a few partners over the years I thought I should take some time and pass along what I’ve learned.
Going into a partnership you must address each of the following issues.
- Money
- Responsibilities
- Mission
- Contract
- Future expansion
- Management
- Accounting
Partnerships are essentially two or more people coming together to create something new and special.
But rarely is it a smooth ride, there are ups and downs and times when might want to call it quits.
As such I put together a series of videos for your viewing pleasure to give you some tips on what to expect and how to prepare for what could end up being one of the greatest experiences of your life.
Click here to watch them.
Your comments are always welcome.
Adrian Shepherd