I have had a business partner for last 7 years and with good communication and clear boundaries, a partnership can work well with a multitude of benefits. There are a few key ingredients to a successful partnership:
#1 Define your jobs. This may seems like a no brainer, but the problem in many partnerships is that both partners are good at the same thing. You don’t need a partner if you can do it all! In my company, I headed up the sales division and my partner headed up the operations division. There was a clear division of responsibilities. If there was a problem in either of our divisions we could consult the other, which we did many times. But, we didn’t step on each other’s toes because we both knew that we couldn’t do the other’s job as well as she could.
