There are lots of reasons to start a small business with a friend instead of taking a solo journey towards entreprenurial success. Everyone knows that starting a small business is one of the best ways to increase your income. But, with all of the roadblocks and hurdles that every beginning entrepreneur, or seasoned one for that matter, faces during the course of starting a business and growing it into a full-fledged success, how can you possibly build your own venture, and enjoy the process of doing it? The answer is deceptively simple: start a small business with a friend. Read on to learn how a friend can help you clear the roadblocks, stay persistently motivated, and have fun along the way.
Clearing The Roadblocks
There are lots of roadblocks to starting a small business.
How will you decide what kind of venture to start?
How will you know if your service or product appeals to other people?
How can you build the expertise you’ll need if you want to see your profits grow?
How can you possibly do all this while pursuing a marketing strategy?
What about maintaining client and/or customer relations?
How will you find time to research and implement sound bookkeeping strategies?
How can you stay motivated?
And, most importantly, how on earth could any of this hard work help you have more fun, or better quality of life, if all you do is work, work, work?
Starting a business with a friend means splitting up the workload so that you can each focus on your complimentary strengths and talents, and so that you can get everything done without having to give up the simple pleasures in life, like sleeping. On a basic level, having a friend by your side when you start a small business means that you won’t have to do every single thing yourself. But there’s more to it than that. No matter whether you’re starting a huge media empire or a lemonade stand, you’ll get a lot of benefit from a partner who can support you, help you see things in a new light, and hold you accountable to your dreams.
When I’m working with a friend who I trust, I know that I’m a hundred times more motivated than when I try to take on a venture on my own. When I set up a plan for a solo venture, suddenly I have a million errands that Absolutely Need Doing before I can take step one on my business path. But when I’m working with the right partner, every day I find myself researching, forging new plans, refining old ideas, or discovering ways to make my work better. Not because I feel more confident, or more driven to succeed. Not because I’ve thrown off other responsibilities, or found an extra hour in the day. Instead, I work harder because I want to do the best that I can to help my friend along. Although I might walk away from a solo project because of motivational or situational hurdles, I could never bear the thought of standing in the way of a good friend’s success, so I’ll fight long and hard for a joint venture, especially if I have a partner who inspires me with his or her own great work, insight, and creativity. If you want a major motivational boost, try working to help someone you love as well as help yourself. Your resolve to succeed will skyrocket! You’ll make more money if you hook your own dreams to someone else’s, and so will your friend.
As you can see, you’ll enjoy a greater chance of success in your small business if you get together with a friend who has a similar goal for a lot of reasons, but the most important one is this: you’ll have fun working. The benefits of having a friend around to joke with, chat with, or commiserate with during the sometimes rocky road to successful entrepreneurship simply can’t be quantified. When you start a small business with a friend whose company you enjoy, you’ll look forward to working on your venture because it will mean spending time with a pal in addition to growing your business. And, when you finally reach your goals, you’ll have more fun with a comrade by your side to share the success.