There is very little or no leverage in being a solo-preneur. It surprises me why most people want to make it on their own. Most people are not willing to see the compounding effect of teamwork in business partnership. The problem is that these solo-preneurs usually lack an ingredient – the missing ingredient – sometimes that which is most essential to their success. Therefore, they keep digging and keep failing, not because they are not smart but because they can’t know it all and because they want to do it all.
No wonder the thinking guru John C. Maxwell wrote an entire book under the caption, “Talent is never enough.”
The Missing Ingredient Syndrome
When I read business and economy books, I frequently come across the expression of a missing ingredient. However this phenomenon was banished during the trade by barter system.
Why?
Because people were willing to cooperate. Mr. Adams knew he could not have everything, so he gave Mrs. Ann a little of this to get a little of Mrs. Ann’s that.
However, the phenomenon of the missing ingredient has been reintroduced to business world. There is no more cooperation. Everyone believes the other person is a cheat. He’s going to run away with my money. He’s not trustworthy.
So, when are you going to get the trust worthy person?
Why should I bother answering that when I could just do it all by myself!!!
Wrong mentality.
You want to do it all alone. You want all the glory to be yours which is why you don’t want to commit to learning people skills. You believe everybody is the same, so why not work with the only person you can trust – you.
There is virtually no solo success. Nobody actually emerged successful without help. Emerson once made a remarkable statement. He said, “None of us is as good as all of us.” Nobody actually became successful alone. Trust me they always had help on the way.
Do You Know?
“Us” was responsible for creation, not “I”
Coca-Cola’s bottling idea was borrowed.
The Wright brothers could never have built the aircraft alone. Do you doubt they had help?
Thomas Edison may have invented the light bulb but trust me not all by himself.
Mark Zuckerberg may be the CEO and founder of Facebook Corporation but the name “Facebook” was a contribution as against “The Facebook.” – He had help no matter how little.
Synergy Plays Great Role.
When the trinity came together, creation was reality
When coca cola borrowed its bottling idea from a security officer it became an multinational venture.
The synergy between the Wright brothers birthed the mechanical flying creature.
Partnership Is Essential For Business Success.
Can you imagine what would happen if you decided to tap into the power of synergy? English has many names for one idea. Whether you call it teamwork, synergy, partnership, trade by barter, the goal is one – working together.
Why?
Because none of us is as good as all of us.
The trade by barter system entails you give the other person a service that will rather be hard to afford while you offer a worthy service in return.
The other person may be the answer to that lacking ingredient in your business.
If you do delivery service you may partner with a retail shop. You drop some goods at the retail shop for nearby customers to pick up later while you help them deliver to their customers that stays around your route .
Partnership Can Make You A Better Businessperson .
It takes the right team of experts to take a company public and run that company profitably. If you want to become successful in business then you need help. A team of healthy partners is a strong leverage in business and when you are leveraged, you can begin to see how much fun there is in doing business. However, creating partners isn't one of those quick fix or 'learn-it-a-day' drill. It takes experience to work with people. It takes the mind that has hit a dead end once or twice in dealing with people but is still committed to learning people skills, acknowledging the tremendous leverage that could be realized when the skill is mastered.
Here are a few helpful tips.
Partner with the right persons.
In as much as I endorse partnership in business, this does not give the grant for partnership to be abused. Make sure you choose a capable and competent partner. You don't want a financially drained person neither do you want the rigid contexed person. Look for the best qualities in your partner and partner with only individuals or companies that meet this requirements.
Keep to the partnership terms
You don't want to be a cheat. Remember that you are dealing with human beings. And humans are embedded with the intuition to detect a duplicity. Be a person of integrity and all ways keep to the agreed terms of business. This is very essential even for bigger companies that are into outsourcing. You want your company to keep a healthy relationship with its partners so as to maintain the viability and ease of doing business. Therefore, the importance of maintaining good relationship with your partner companies can't be overemphasized. Remember the golden rule, "do unto others what you want done unto you." If you want good partners, be the first to be a good partner.
Create more partners.
For start-ups, I recommend starting with one or two individual partners and one partner company. Focus on building trust, devising ways of making the partnership more profitable for both ventures. This will go a long way to establish a strong bond and trust in business. And when the ease of dealing with partners sets in you can create even more partners.
Why? Because more healthy partners means more leverage, and more leverage means your ability to get rich even quicker with very little or no effort.
Build an intelligent team of partners today and tap into the leverage thereof.
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