Partnerships Vs. Sole Proprietorships

Can you make more money with a business partner or as a sole proprietor? I’ve done it both ways and I can honestly say that I did better when I had a partner. There are pros and cons to doing it either way, of course.

I work better alone. With my type of personality you would think that I’d prefer to be in business alone, and most of the time I do. But I’ve learned that a partner who has strengths that you don’t have can offset your weaknesses. No business is perfect, but a business that utilizes people’s strengths and positions them in strategic positions to help the company grow can succeed in many ways that a sole proprietor cannot.

Do you agree? Do you prefer to work alone or do think a partner can help you grow more?

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