My partner is gone for 2 weeks. He was originally heading towards Japan the very Friday they felt their first earthquake. Not to tell you that he didn’t go for his 30th birthday dinner with Geisha service. He was headed on a cruise. Nonetheless, he’s gone for 2 weeks. This got me thinking about “MY company WITHOUT a partner”. I started wondering a bunch of stuff starting with;
IF I DIDN’T HAVE A PARNTER, I WOULD…
MAKE MY OWN DECISIONS, ALL THE TIME
This line sounds nice. I would really like to make all the decisions. To be able to take the direction I want whenever I want. I could buy the sites I want and go towards other areas that we haven’t yet explored. I could enter into specific partnerships when I deal with people based on a time bound contract instead of keeping the same partner all the time. I would not have to debate about this or that nor wait until I receive an “approval” on his part to do make some changes. I would not have to send emails, set conference calls and communicate all of my ideas. I could go and directly input each one of my ideas as they come. This would be much faster, exciting to be alone managing my own stuff, really.
WOULD NOT BE CHALLENGED
It’s not only about decision making, but about being challenged as well. I can’t complain too much with my current partner as we agree most of the time. However, I would rather be able to make my moves without having to think of letting someone else know and debate about my decisions. I like to take risks and leverage in the name of growth. My partner doesn’t like leverage as much as I do. Therefore, each time we talk about borrowing money, we need to agree on the terms… sometimes, it’s not exactly what I want.
WOULD NOT HAVE TO MAKE COMPROMISES
As partners, we always have to make compromises. It’s like having a second wife! You want to go right, he prefers left, you have to end-up in the middle. On top of that, he is my friend, so I have to be careful as I don’t want any discussion to turn into an argument. This is already making a compromise even before opening my mouth!
MAKE WAY MORE MONEY
The problem with a partnership is that whatever you are making, you have to share it with your partner. Therefore, if I made 8K last month, I must correct myself and say we made 8K, I only made 4K. I could already live from my online income if I wasn’t in a partnership. I would be able to work on my own and live the good life. Each time I receive a check, it would be like depositing the money directly in my account. Instead of sharing the money with my partner, I could keep it all and share it with my wife and kids. This would be the real life. Here again, this sounds like a lot of fun too!
MY BUSINESS WITHOUT A PARTNER…
Man, this sounds like the perfect life, right? I’m sure you thought of all these disadvantages of having a partner working with you. While reflecting I ended-up thinking that my business without my partner… would be nothing at all.
Yup, read it right. If you thought for a second that I was serious in this post; you are wrong. In fact, I was thinking of all the things someone could say to get rid of his partner or not to have one. But the truth is that, without a partner, I would be without a company as well. The true reason why we are in a partnership is that because I am 50% of the company and he is the other half. We would be close to nothing without each other. In fact, we rarely argue about anything and this is an amazing thing to be challenged (this allows us to keep the company on track, all the time).
Definitely having a partner in my company is a must. And to be honest, it’s a lot more fun this way!
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