Establishing a relationship with partners or investors can enrich your company with material resources and talented, effective human capital. Make the wrong choices, however, and the problems that result could be serious, even fatal, for your company.
PROCESS FOR EXPANDING THROUGH PARTNERS AND INVESTORS
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Entrepreneurs tend to be fairly self-reliant people. After all, they have the confidence to face the risks of starting up and managing a business. The motivation and self-reliance that enabled you to create a business can pose a problem when it comes to your ability to accept a partner, however. When you work with a partner, rather than as a sole owner, you will have to be able to accept losing some of the autonomy you now have. On the other hand, with a partner you will have someone to share ideas with and divide the day-to-day responsibilities, and ideally someone whose skills and interests complement yours, strengthening the company. Think long and hard about how ready you are in emotional terms to accept a partner.
The Ladies Entrepreneurship Club is a leading global platform for professional women to connect, collaborate and form partnerships with individuals from across the globe. Alongside regular discussions, workshops, webinars and social nights, the Club also provides cutting-edge business coaching that provides measurable and scalable solutions to aspiring entrepreneurs and existing business owners. Our community members report increased levels of productivity, unity and a sense of belonging after joining the Club, and participants of our popular Bootcamp programme have gone on to lead highly successful businesses after starting with only an idea and enough resources to launch a company. Backed by partners such as Sky, MetroBank, Elementor, WeWork and A2i Dyslexia, the Club is the ideal solution for successful women in search of a credible community that will enhance their careers.