Being an entrepreneur can sometimes feel a lot like being single. It can often be a lonely ride. As a result, you might struggle with working solo even find yourself considering a business partner.
Deciding whether a business partner is right for you should not be taken lightly. There are a lot of things that need to be considered. When a business partnership fails, it can be messy and even ruin relationships. When you dig into the root of your search for camaraderie, collaboration or accountability you might stumble across some better alternatives.
Here are some other alternatives to think about before considering a business partner.
A business partnership is like a marriage but without the benefits, don’t jump into this kind of relationship on a whim. Consider the alternatives that are available before making the decision to enter a legal business partnership.
If you’re looking to brainstorm or gain new perspectives, one option is to consider joining or starting a mastermind group. Masterminds provide many benefits. One benefit is having supportive people around you that you trust to guide you through challenging moments in business.
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Another alternative to finding a business partner is to consider joining a like-minded coworking space, like Hera Hub. Female-focused coworking spaces have been gaining popularity over the last decade. Search for a coworking space in your city.
Coworking spaces provide entrepreneurs and small business owners opportunities to connect with a supportive community, find opportunities for collaboration and feedback.
Before making the big decision of choosing a business partner, do your homework and explore some other alternatives first.
Hera Hub Founder, Felena Hanson, shares her thoughts on why a business partner isn’t always the best idea.
