When it comes to money you probably want the biggest piece of the pie if not the whole pie. There is nothing wrong with it and I would even go as far as saying that if your first instinct isnâ€™t to obtain the full pie then there is something wrong.
However, because of this attitude it seems that many people are running their businesses solo these days. It could end up working out for you but here are some reasons why you may want to consider finding a business partner:
1. Being solo all the time can get depressing, especially when you are starting out. Having a business partner will allow you to motivate each other and hopefully keep the business moving forward at a rapid pace.
2. You are not a jack-of-all-trades, so you need to find someone who can fill in where you lack. Just look at Shoemoney and Dillsmack. Shoe is a great marketer and Dillsmack is a great programmer. Because they both specialize in what they do best, they are able to crank out successful products like AuctionAds,
3. Networking is one of the things that is necessary for most businesses to be successful. Even if you are extremely talented, knowing other people that can help you is essential. The great thing about bringing in a business partner is that they may have a new network that you can tap into to grow your business.
4. What you think is a killer idea may not be a smart idea. If you are running a business solo, you are more likely to do stupid things since you donâ€™t always have somebody you trust and believe to run things by. With a business partner you can both bounce ideas off of each other and figure out what is really worth pursuing.
5. Timing is essential when it comes to success. A good way to get things out faster is to add employees, but when you are starting out this can be expensive. For this reason it is wise to add a business partner so that you can get things out faster.
Hopefully this helps convince you that you need a business partner. If you have a business partner, care to share how you have found it valuable or invaluable?