Post
Topic
Board Economics
Re: Are business partners worth it.
by
Casdinyard
on 13/07/2024, 22:44:17 UTC
~snip~
Thing is, having a partner who's capable of handling your shit is one of the best things you could do for your business/enterprise. I've seen one too many micro-entrepreneurs fail horribly even after a historic launch all because they fail to understand how useful it would be to upscale and accept the help of a capable business partner. And even then, just hiring/partnering with someone from the get-go who would divide the workload and the stresses of having to handle your business is already a good enough reason why you should have a business partner.

What you shouldn't have though is a business partner who's also your family/relative. Having them as part of your business is a massive pain in the ass I tell you that. The moment they start to slack off and leech off of your efforts, you can't do anything about them anymore cause now when you call them out you're going to be the villain in the story, which always ends up with the stuff you've been reading quite recently.

Hire someone you know is capable of doing the job you want them to cover for you. Do not be vague with the compensations and the benefits they'll be getting with the partnership, cause that is where things go haywire when it comes to these things. Do all of that and you're basically set.