The Value of Partnerships

Business partnerships can be beneficial but should stem from a shared vision rather than just practical needs. Many advisors consider partnerships primarily to share costs, enhance perceived size, or alleviate the daunting nature of launching a business alone. However, it's crucial to assess whether these motivations are sufficient to warrant the complexities a partnership brings. True partnerships thrive when there is a mutual goal of creating something greater together, which differs vastly from simply combining resources to run parallel practices.