Break Point #4: Partnership Pain

Having partners affects every business decision an entrepreneur makes–and more than 75 percent of solution provider firms have multiple owners. When partners don’t share a vision or don’t know how to communicate effectively with one another or don’t have the same risk tolerance, ability or willingness to invest, their business cannot reach its full potential.

Taking on a partner requires an exhaustive discussion of expectations, as well as planning for the potential exit of partners. Maintaining a partnership–and a balance in power and satisfaction–means constant communication. Pick your business partners as carefully as you pick your spouse!