Business Alliances Are Better Than Business Partners

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Business Alliances Are Better Than Business Partners

Encourager-In-Chief: May 23rd, 2018

Avoid the partnership temptation.

For a while, there seemed to be a trend among my entrepreneurial coaching clients to find somebody to partner with as soon as they started their businesses. What they don’t realize is that people who own businesses think like owners. They worked long and hard and invest countless hours of sweat equity into their businesses. It’s hard to find somebody else who possesses the same passion for your business as you do. If they do, it’s more likely they’ll want to run their own company rather than run yours.

If they do become partners, they usually disappoint because of their level of commitment is not as strong as yours or you may feel resentment because they haven’t earned their share of ownership. There may also be disputes over the direction the company is supposed to go. However, it doesn’t mean you have to do everything yourself. There is a much smarter way.

When I first started Dave Romeo Seminars & Coaching, my business was pretty straightforward. I presented seminars and coached clients. Today, my business is very different. I produce up to three DVDs a year and partner with outside videographers. We work with a single-minded commitment to the quality and content. There are never any disputes. I publish a new book every year. My editor not only does a beautiful job on my books but takes as much pride and ownership on each project as I do. It’s a pleasure to work with her. There are rarely any disputes.

I have a television series. It’s jointly owned with Diane Dayton, my executive producer. We each have our respective roles and work extremely well together. I’ve learned so much from her and occasionally teach her the areas in business about which I may be more familiar. We rarely ever have any disputes and we’ve both grown stronger through our business alliances. It is truly a synergistic relationship.

I constantly have challenges with technology, hardware, software, the Internet, and appliances. However, one of my protégés is the most brilliant, technically-sophisticated problem solver and troubleshooter I’ve ever met. I gratefully pay him in advance annually to be my go-to guy whenever I have a technical glitch. We never have any disputes.

Truth be told, I do not even know how to get this blog on Mail Chimp. Fortunately for me, one of my clients runs a marketing business and launches my blogs effortlessly and reliably every single week. She takes great pride in the content, look, and dependability of this blog. We never have any disputes.

If you’re thinking about getting a business partner, I encourage you to think again. Business alliances are much less messy, easier to dissolve if necessary, and usually much more enjoyable than working with business partners.

If you and your business partner always agree, one of you is not necessary. If you and your business partner never agree, neither of you are necessary.
- Source unknown

This excerpt is taken from my Survive and Thrive in Your Own Business seminar.

Survive And Thrive In Your Own Business

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I also encourage you to order my Survive and Thrive in Your Own Business video program, which covers this lesson in much greater detail.

Survive and Thrive in Your Own Business

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Let me hear from you!