Grow Profit and Save Time by Going Into Business with a Partner
In this short article I’m going share with you a little secret that helped my business take a massive jump in profit while almost cutting my workload in half. It’s something that you rarely ever hear in any business book or blog, but has been the key to not only my success, but the success of nearly every wealthy entrepreneur in the world. That secret is going into business with a partner.
Why would you ever want to give up half of your revenue?
Okay, before we get any further into the topic there is one thing that you always have to keep in mind if you are looking to work on your business rather than in it. That one thing is learning how to leverage the resources that you already have in order to maximize the work that you are doing.
Going into business with a partner is one of the best ways to leverage already existing resources and to take advantage of a skill set that you may not have. You may be good at selling, but suck at operations – having a partner that rocks at operations is saves years to hassle.
One of the best decisions that I ever made was going into business with a partner that was also one of my clients. While most entrepreneurs and thought leaders look to hire someone for a fixed or hourly amount, this particular client wanted to offload 100% of marketing and operations so that they could focus on content generation.
Did it work? Well let’s just say they’ve made a lot more money doing what they love and spend less than an 2 hours a week doing it.
Going into business with a partner is a win-win
The push back that I hear from most entrepreneurs and thought leaders when it comes to this topic is that they are afraid to give up a piece of their revenue. I get it, but here’s the deal… what you are supposedly giving up in profit you are gaining back in massive amounts of time and opportunity that you would have never had before.
Going into business with a partner has helped my clients to bring an idea to the table, and have that idea completed and generating revenue within a few weeks without them having to manage an employee or go back and forth with a contractor. When there is skin in the game for everyone things get done.
You end up making more and working less all around. What could be better than that?
