Business Mentor Podcast

Often people ask Jay whether it’s a good idea to go into a partnership for business or whether they should do it alone. Jay explains the pros and cons of going into a business partnership and gives top tips on how to prevent your partnership from failing.   KEY TAKEAWAYS Business can be really difficult if you pick the wrong partner. It’s a bit like a marriage. If you go into partnership you have to work on the friendship with them. If you’re already friends and go into a business partnership, the friendship is likely to dilute because of the different challenges you will come across with them. So if you really value your friendship with someone a lot, think really hard before going into a business partnership with them. Have a clear vision and strategy for your business before entering any partnerships. Have someone externally such as a mentor go over your plan. Have clearly defines roles because this is one of the most common reasons for a partnership ending. A lot of the time you wi