Business partnerships can be incredibly rewarding—but they can also be fraught with challenges. How do you know if it's the right move for you?
In a recording today of The Business Development Podcast, I had an incredibly compelling conversation with Alex Blumenstein, Serial Entrepreneur & Co-Founder of The Peak. We explored the dual nature of partnerships: the potential for creativity, shared ideas, and support, as well as the risks of conflicts and diluted earnings.
Key Insight: "It's probably more fun to have partners. It's less lonely. You come up with more ideas about how to solve things... But on the other side, having partners can cause problems... It's also more mouths to feed." - Alex Blumenstein
We discussed whether you should go into business with family, friends, or even consider flying solo. The takeaway? There’s no universal answer—it depends on the individual relationships and how well you work together.
What do you think? Is it better to build a business with partners, or would you rather go it alone with a strong network? Share your thoughts below!
Watch for Alex Blumenstein's episode coming out in 2025! Thanks Alex! It was a pleasure chatting with you.
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