What do all these companies have in common?
Apple, Microsoft, Disney, HP, Twitter, Uber, Facebook, Berkshire Hathaway, McDonald’s—and I can keep going and going… They started with a partnership.
So why would you want to partner? I tell people, “I would rather have 50% of a lot then 100% of a little.”
There are many advantages to partnering, as you add a resource you do not have:
- Time—you do not have the time to do everything.
- Capital—someone to be the financier to help launch the company.
- Expertise—knowledge and experience you do not have at this point.
- Camaraderie—which creates momentum. In a partnership: When you are struggling, it is so much better being able to share the burden. And when things are great, it is so much more fun sharing the journey with another.
Also consider: Should I Include my Friend as a Legal Business Partner?
