After sitting down and really reflecting on a business partnership that I was excited about, I took the time to think sensibly and ended up with the conclusion that it just wouldn’t be a good idea.
Business ideas and business joint ventures can be great if both parties are on the same page. What I’ve learned is that it’s not wise to get into a partnership when everything is falling on one person.
The fact is, some people are good for support, encouragement, motivation, and inspiration on your business journey, but they aren’t the best ones to do business with.
Luckily, for me it didn’t take long to see this type of situation coming. I had a great idea, I presented it, but to the wrong person.
Here’s the Lesson: Think thoroughly before you decide on doing business with someone. Even though your intentions are good and you want them to be on board with you, they might just be better off being on board as part of your support system.
If you are further along in your business or even more aggressive than they are, nine times out of ten, you’re going to be doing the majority of the work.
So with that out of the way, I decided to move on and reflect on my business. At the end of the day, there’s no time to stand still on dwell on things that could of, should of, or would of happened.
Some things are better off doing alone or if you find the right person(s). Everyone has to do their part, it’s business, and not personal.
The truth is, you can’t take everyone with you where you are going. This is so true. The same things you are passionate about, may not be the same as someone else’s passion. The same things you have a vision about, may not be in someone else’s vision. Everyone has their own path and you can’t be mad at that. The most important thing you can do is think first, and then make a decision. Even if you make the wrong decision, don’t live with regrets. Take it as a lesson.
Business is all about taking risks to see what works and what will not work. When you bring other people into the equation, it gets a little more risky at that point. Just note that everybody doesn’t always fit in to where you would like them too. They have a place somewhere, but it’s not your job to find it.
If you’re networking, continue to do so. It’s the greatest thing you can do. You’ll find that some people are worth having a business partnership with, and some are fit to actually be your clients. Just saying.
But overall, if you’re entering into a business partnership, make sure one of you knows a little more than the other in certain areas. The blind leading the blind does not look good for anyone.
Every lesson you learn on your business journey should not be taken lightly. Each lesson will get you that much closer to being successful.
Cheryl J. Moses is a mom, God chaser, entrepreneur and founder of New Eminence, equipping single moms to build successful businesses on the web!