This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/07/12/the-partnership-dilemma-six-factors-every-consultant-should-consider-before-tying-the-knot/
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by Elaine Biech, author of “The New Business of Consulting: The Basics and Beyond“
Working for yourself is one of the greatest perks of being a consultant. Without a doubt, it’s great to be your own boss, set your own schedule, make your own decisions, and be responsible for you and only you. But once the business really starts rolling in, that may need to change. When you find yourself struggling to manage a massive workload, it’s time to at least consider forming a partnership.
Admittedly this is a good problem to have. But proceed with caution: If you decide to partner with someone, you’re about to dramatically change your life.
Never take this choice lightly. Even if you believe you will work well with another person, there are always growing pains at the beginning. Once all the bugs are worked out, a partnership can be really rewarding, but it could also go the other way.
The relationship is more like a marriage than marriage itself. You and your partner must complement one another’s skills, trust each other, be able to make decisions together, and communicate well.
Being a consultant is far different from a 40-hour-a-week job. You’ll be spending a lot of time with the person, and his or her life will deeply intertwine with yours.
That said, here are six factors to consider before you form a partnership:
Do you truly understand the pros and cons of partnering?
Consulting is a lonely business, and the thought of having a partner to bounce ideas off of and cover for you if you become ill (or just want to go on vacation) can seem like the perfect answer. Partnering broadens your business capabilities, expertise, skills, and experience. When you take on a partner, you send a message to the worl… Read More
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