Business Partners Can Be A Bitch
Not all business partners are equal (AKA some business partners are asshole scumbags!).
I’ve had my fair share of business partners and some are great while others are Adolf Hitler themselves. If you’re thinking about having a business partner, then I urge you to read this post, it will serve you well.
If you’ve ever run a business by yourself, then you know it’s no easy task. When I first started my business, I ran it all. Content, social media, advertising, email, customer support, and everything else. It was crazy and I’m sure I made a bunch of mistakes.
Fast forward to today and I have a small force of great people that have helped me run my business and free up a lot of my time. I now can work on doing the work where I am most needed. And I do the work that I enjoy most.
Many types of businesses can be run on their own and there’s no need for employees, let alone business partners, however, every business can grow to new heights with the right people helping you.
People are what make a business successful.
If you’ve never worked with other people before and are thinking of having a business partner, I would advise you to get your feet wet with hiring. You can bring a part-time or full-time person into your business and get the feeling of what it’s like to work with someone.
Upwork is a great place to find really good people to join your team.
I’ve hired many people from Upwork, some of which are still a big part of my business.
Having a business partner does have some good sides to it:
You have someone to support you
You can brainstorm together
You have someone to keep you accountable
There are many reasons to have a business partner that brings light into the business. However, there’s always a risk you take by having a business partner. Before I go into the cons of a business partner, know this: not all business partners become corrupt.
Let me tell you a story, I once had a business with someone I met through another individual. It was when I was 19 years old and I mostly was doing web design stuff to pay the bills. I did some video stuff and I was already a really good graphic designer. When I did work for these two fellows, they were in a MLM (Multi-level Marketing) business that was doing really well.
They asked me to join forces with them and we would all own 1/3 of the business. Before our big launch, they got an office down in St. George which was over 3,000 square feet.
The office was more than big enough. My responsibility was to handle the creation of building our sales funnel, website, social profiles, and tech stuff. One of the partners was more or less an investor that would fund everything and the other partner was just kind of getting a free ride (which I didn’t know at the time). He talked the talk but didn’t walk the walk.
The partner that was getting the free ride called me down to their city and said I needed to get there ASAP! I left that day and drove from Salt Lake City to St. George, which takes about 4-5 hours. Once I got there, he and I went out to get food and I saw the car he was driving (an old, beat up 1990 Honda that was his son’s).
Let me take a step back; when I met this guy, he came to my house and I recorded a video of him. In his video he stated what he was making, the lives he was changing, and how he could help you do the same.
Seeing him in that car was kind of weird because I thought he was making good money. Nonetheless, I still didn’t judge him on the car he drove (and I didn’t know it was his son’s until later). Heck, if you look at Sam Walton’s truck:
You wouldn’t come to think he was the richest man, either.
After we ate, I went to our new office and got to see it for the first time. It was truly outstanding. I started to work on some projects that day and after about eight hours I went back to where I was staying (the other partner’s house, AKA the investor).
Me getting up early and heading to our office, working for about 10-12 hours, and then heading back went on for four days straight. On the fifth day I called the guy who wanted me there ASAP and I told him that I could have been doing all this from my house at my home office and I’m not sure why the hell I was here. Before I drove down he wanted to have some brainstorming sessions, sitting with me, and all kinds of stuff that he and I would be doing together; that shit didn’t happen.
I went there day after day and he didn’t show up, or do anything like he said before I drove down there.
After we kind of started to argue, he yelled at me and said I work for him. What?
I thought we were partners? Long story short, I had to part ways with both of them because the one guy was just an asshole looking to get a free ride in any way, shape, or form.
Here’s the even funnier part: after I told the other partner (the investor) that he was bad news and he should change the locks on the building, he didn’t listen. Days later the free-ride partner went in and took everything, desks, chairs, toilet covers, yes, you heard me right — he took the toilet covers and everything else.
The investor paid for everything and then it hit him, he almost wasted another hundred grand on someone that did nothing.
Luckily, I saw him for who he was before I wasted too much of my own time and money. The other and good partner, the investor was (and still is) a great person. His name is Rodger and we’ve done a few things since then.
In one shot I got to see someone who was a great business partner (Rodger) and the exact opposite (the free-rider). I could go on for days about how much the “asshole” was a crazy wacko! However, as much as I wanted to tell him off then (and now in this post), I wished him the best then (and now).
Some people really do need help. I’ve come across plenty of people who think they can only make money by ripping people off. Even if you make a lot of money you won’t be able to sleep at night knowing you’ve scammed people.
Money isn’t an end to all means!
The moral of the story is that you really need to feel 100% confident about someone that you’re going to grow a business with and become partners with.
Don’t let someone you’re a business owner with tell you “YOU WORK FOR ME.” That shit doesn’t fly. You will be able to tell when you have a routine egg because they will try to put you in a gilded cage.
The best advice I can tell you is that you need to never forget who you are. Never sell yourself short regardless of the offer on the table. Money comes and goes and you should never base your decisions on money alone. All the money in the world is useless if you’re in business with an asshole that doesn’t care about ripping people off.
I’d rather be a homeless person all over again and do it right than to be in business with someone like an asshole in my story.
If you want to learn more about my story and how I’ve built my business, please get my free business training series.
Getting into my newsletter and free training series will help you with growing your impact and attracting the right (like-minded) people into your life and business. 😉
Thanks so much for reading.
Please share your own story with me in the comments section on why you think a business partner is good/bad. I would love to know more about you.
Scott “I am my own damn boss” Hurtado