You’re an entrepreneur because you like to do things yourself. And honestly, nothing would be wrong with that in the perfect economy, with unlimited funding, and an eagerly awaiting market. And for some people, that is the case. For others, doing things yourself can lead to many dead-ends, long nights, and time not-so-well-spent. The way to make it work is to join with other like-minded entrepreneurs on a solo business venture.
The story of the laywer, publicist and inventor:
There is a lawyer, a publicist and an inventor. Each focused on developing their own business. The lawyer set out to create a law firm, but is finding it hard to solidify a client base. The inventor has a great idea, but is afraid of being ripped off. And the publicist needs someone to represent. Each day these three wake up and work hard on their business. They give it their all, and have very minimal return. What are they to do?
What if they came together on one business instead of creating 3 separate businesses? The lawyer and publicist could come together to work on promoting and securing the inventions of the inventor. Think of it this way, splitting $1 million three ways is more of a profit than making $50,000 after a year of very hard work.
Look for opportunities to partner with other start-up entrepreneurs. You can save yourself a lot of time and effort as a collective unit. Once you sell your company, it will be a lot easier to start your own, separate business.
Think about it.