#EntrepreneurCorner: When to bring a partner into your business | Fin24
 
In partnership with
  • Cutting Back

    BP's CEO says he plans to sell some oil projects to meet climate targets in Paris agreement.

  • No-Deal Brexit

    The UK's worst-case scenario warns of food shortages and public disorder.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

#EntrepreneurCorner: When to bring a partner into your business

Oct 11 2017 15:14

(iStock)

Cape Town - In this week's episode of #EntrepreneurCorner, business coach Anton Ressel addresses the issue of bringing in a partner to help you run your business.

Ressel says the first thing you need to consider is why you want the partner. More often than not, he says, it's related to business growth. 

He presents a few scenarios which could help you make the decision, like realising there's a gap in your business, or you lack skills which could take your business forward.

"A scenario I would consider a good move to take on a partner is if you are very good with the product or strong operationally, but you aren’t good with sales or marketing," he says.

While bringing in a partner may be necessary, Ressel cautions that you don’t have to employ someone full-time. You can always negotiate a partnership, as you may not be able to afford to pay that person a salary. 

WATCH this week's episode of #EntrepreneurCorner

SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

Read Fin24's top stories trending on Twitter:

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote

Loading...