Why working in partnerships and joint ventures work

If you think you can work from home, be your own boss, and become successful without any assistance I guarantee it will take longer, be harder, and less profitable than if you work with a team, hire professionals in areas you aren’t great at, and joint venture with others that compliment you. Collaborate with like-minded people, companies and organizations that align with your vision for success! Who do you know that’s achieved success 100% alone?  We’re human, we need each other personally and professionally. A great team is a profitable team and no one can do everything alone once growth and success take hold.

I am the first to commend entrepreneurs for believing in themselves. Confidence is essential in business. I believe everyone should follow their passion and be creative. Self employment is a great solution and profitable for many, not for everyone though.  If you think it’s for you, I recommend you work with professionals and accept knowledgeable advice from experts who have succeeded and can prove their success.  As a business owner we can’t know everything and be professional and efficient in all areas of our business.  If you want to be successful, become proficient and expert at what you enjoy.  If you are happy doing what you are doing it will be evident with your customers or clients.  If you hire, joint venture or work with a team of experts then you will be recognized as a professional business.  When you use your time wisely and let others do the same you will save time and money.

All too often I hear the same story from entrepreneurs. They say they can’t afford to hire professionals so they struggle through the process doing the best they can to save money.  The truth is they aren’t saving in the long run, only in the short term.  They are actually losing time and money, while becoming frustrated and discouraged when they’re likely extremely good at what they do. 

If YOU want to be successful align yourself with successful people.  Hire experts and save your time and energy so you can do what you do best.  Can’t afford to?  You can’t afford not to.  Don’t spend your time (which is valuable and worth $$) when experts can do it in half the time.  The majority of entrepreneurs who are successful already have experience, a team of experts, and money backing them.

This brings me to designing your business plan. In previous articles I have discussed the importance of having a good business plan.  EVERY business needs a specific, planned and designed business plan to succeed!  I have coached people through the business planning process and it takes time, lots of work, and research.  Is it necessary? YES. Is it worth the time? YES. If you don’t know where to begin you’ve stopped at the right blog.  With business coaching I will set you on the right track to clearly planning your future in business with a solid foundation, offer an opportunity to align with a legal team to answer legal questions, and set you on the right path with your accounting needs.  Commitment, consistency, persistence and business basics are the style in which I coach.  Contact me and decide if “doing it right” is the way you choose to start your future to success.

Wendy MacKay – liferenovator@yahoo.com or leave a comment below.

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4 Comments and Trackbacks

  • Posted by Alexandria Barker on March 18, 2011 at 10:36 am

    Great article Wendy! Lots of food for thought! Have great day! Alexandria

    • Posted by admin on March 22, 2011 at 4:23 pm

      Thank you Alexandria, I appreciate you stopping by.

  • Posted by Donna Merrill on September 03, 2011 at 7:18 pm

    This is EXACTLY what I have a commitment to this month. A 30 day challenge to take action on my business plan. This post couldn’t have come on a more timely basis. Thank you for posting this. It has personally reassured me to take that track.

  • Posted by Chris Berry on December 29, 2011 at 11:53 am

    Great article Wendy, as a new entrepreneur entering my second year I can agree and relate to everything you’ve said. The biggest point you made was not bogging yourself down with things that don’t matter or that you can’t to by yourself, nobody is an expert at everything and it really does drain you of the energy needed to grow your business.

    Great work Wendy,
    Looking forward to a prosperous New Year.