Why You Shouldn't Build Your Business Alone

11 replies
Entrepreneurship can be a very lonely road to take. It involves self-discipline, confidence, and determination that will have to be called on daily.

Most people in life will go through their fair share of ideas but never attempt to act on making those visions a reality.

If you've come this far, and you're in the action stage, you need to give yourself a pat on the back.

Whether you're a noobie or a seasoned veteran, you're going to face a wave of challenges that will make you question why you even attempted to pursue the entrepreneur lifestyle.

It's tough... I've been there, and I know a fair share of people on this forum have as well.

If you're feeling down, overwhelmed by the gap between those that have succeeded and those that haven't, you need to ask yourself:

Why am I doing this alone?

I'm not talking about being in a partnership or joint venture, I'm asking do you have a support group that has your best interest in mind?

Are you another faceless entity on a forum, only to be lost in the shuffle?

If you answer: I don't have a support group, you need to find one. There are plenty of great groups out there, join one today. You need people that know your story, and people that will be there when you're 2nd guessing yourself.

You're never alone in life.... unless you choose to be.
#build #business
  • Profile picture of the author Gengis
    I was against what you were saying up until i read the part about not talking about a partnership but some type of support system.

    I couldn't agree with you more. It's not an easy road, i've owned a few businesses throughout the years and mostly done everything on my own and it's not easy.
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    • Profile picture of the author Bruce Wedding
      Originally Posted by Gengis View Post

      I was against what you were saying up until i read the part about not talking about a partnership but some type of support system.

      I couldn't agree with you more. It's not an easy road, i've owned a few businesses throughout the years and mostly done everything on my own and it's not easy.
      It's a good post but I think avoiding partnerships, in this industry, is a mistake. The empirical evidence for the benefits of partnerships is overwhelming. This industry is chock full of partnerships making a killing.

      Some reasons for partnerships:


      • 2 heads are better than 1 - Ideas flow, grow and evolve with partners. Partners prevent you from doing stupid things.
      • Partnerships Fill Gaps - Look, nobody knows how to do everything. You should find a partner that complements you and your skills. One that knows things you don't.
      • Share the Work - Internet marketing is damn lonely without a partner and its hard work. Having a partner means you don't have to do it all yourself anymore.
      • Split Expenses - You can't build a business without investing in tools, products and services. With a partner, your expenses are instantly cut in half.
      • Accountability - This is probably the most important factor to making partnerships more successful than going it alone. When you know someone is counting on you to get something done, the added pressure will force you to push yourself and complete tasks.
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  • Profile picture of the author MartinPlatt
    Indeed.

    A lot of people say begin with the end in mind. You need people to help you achieve that goal of whatever the end is, such as selling your business, floating it, achieving revenue goals or whatever.

    You always need advisors who are already good at their business and can help you...
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  • Profile picture of the author TedTheodore
    I guess the saying...
    "I'd rather 1% of 100 people..than 100% of myself"..
    rings true !!

    -Ted-
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    • Profile picture of the author Bruce Wedding
      Originally Posted by TedTheodore View Post

      I guess the saying...
      "I'd rather 1% of 100 people..than 100% of myself"..
      rings true !!
      I like how millionaire Carl White said it in his country accent:

      "I'd rather have half a watermelon than a whole cherry."
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  • Profile picture of the author RatRaceWatch
    Just to clarify, I highly promote partnerships.

    Most people go solo which is perfectly fine, but partnerships are a great way to leverage your skills and fill in the gaps with people that may have skills you don't.

    At Manifest Income, I have two partners, each with their own diversified skill sets, experiences, and tenure in the industry.

    However, I don't recommend anyone going into a partnership until you've at least got your feet wet. There's a lot of sacrifice that comes with building a business, and when you have other people depending on you, it puts even more pressure into the mix.
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  • Profile picture of the author penny_zf
    Hi, I am not sure if this is a diversion. i am looking for someone who is just starting out online and would like to motivate each other to reach a goal of $100/day online.
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  • Profile picture of the author infoway
    Most new entrepreneurs exaggerate the potential drawbacks of forming a partnership because they are afraid of sharing management and ideas with someone who might not agree with them.
    That fear of losing control of your business can hold you back from creating a successful enterprise.
    Teaming up with an experienced professional is a great way to instantly improve your skills and avoid common mistakes.
    Brainstorming with other people is the best way to figure out what your business needs to succeed. By bouncing around ideas, you and your partner can come up with brilliant strategies that can take your business to new heights.
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  • Profile picture of the author ownergolan
    These days its exactly what im thinking.

    having some1 to push you up in downtimes and vice versa is extremely important.. besides the fact that alone you must have some weak side (technical/sales etc..)..

    good post!
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  • Profile picture of the author RatRaceWatch
    You're dead on about "teaming up with an experienced professional" - Infoway.

    Even if you team up with someone close to your skill set, it's an excellent way to learn when you're working with someone else that has common goals and interests.

    When I started working on Manifest Income with my partners a year ago, I was already bringing a good bit of knowledge to the table.

    Once I started working with them, it opened up my eyes to a completely new perspective on starting a business, and my rate of learning sped up because I was no longer doing it alone.

    The key to a successful partnership is trust and work ethic, everything else will come with time.
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  • Profile picture of the author lucidbs
    Can't agree with you much. A partner would help you move faster. But that depends what type of person you are. If you are good on working alone with self disciplined, you would probably be better off working alone, being the entrepreneur and tell what other people what you need to be done, pay them and get going. Others are better off focusing on certain tasks they feel comfortable with.

    That again boils down to your personality and whether you can find a trusted partner to start with.
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