Many entrepreneurs believe that going solo is the best approach towards being successful. When working alone, an entrepreneur has more power over their business and gets to implement all of the ideas that he/she wants to implement. Although there are several advantages associated with going solo, every entrepreneur needs to have a business buddy. Whether your business buddy is a friend, a colleague in another niche, or someone who owns half of the company, having a business buddy is very important towards the growth of your business. These are the 3 reasons why you need a business buddy:
- You will encourage each other to work harder. If you and your business buddy work side by side, you will encourage each other to work harder. You would not want to take your break if your business buddy was still working, and your business buddy would not take a break if you were still working. As a result, both of you will be more productive.
- Ideas get enhanced. Maybe you are trying to think of how you can implement your idea or some ways to make your idea better. Your business buddy may know a method to make your idea better. You can do one to one brainstorming with your business buddy, and one to one brainstorming is the best version of brainstorming available.
- You get more referred customers. If your business buddy knows a lot about architecture and you are a blogging expert, you can exchange connections. If someone who comments on your blog is looking for an architect, you can tell them about your business buddy. If one of your business buddy’s clients needs help with blogging, then your business buddy will refer that client to you.
Although going solo is the easier approach, it is better over the long-term to have a business buddy who you can exchange ideas with and help each other out. Having a business buddy will allow you to get more connections and be more productive at the work place. If you know multiple people who qualify, you can have multiple business buddies and meet with one of those people every time you work. Who is your business buddy? If you do not have a business buddy yet, do you plan on getting one? Please share your thoughts below.