2020 is the year of the entrepreneur. About 543,000 new businesses are started each month (Yahoo). And this not include all of the side hustles. We live in a highly entrepreneurial culture. People are taking their ideas, and putting them into action. It’s actually pretty exciting. I like to start new things, and I love getting time with like minded individuals. But, if everyone is an entrepreneur, then how are we to support one another? Isn’t entrepreneurship by nature competitive, since you have to compete in the market? Who is going to work for my company, if everyone is an entrepreneur?
I think that there is a way to build healthy partnerships and relationships in a hyper entrepreneurial culture, and there are ways to sabotage relationships as well. I believe that there is a way for you to be a blessing to your fellow entrepreneur. This is very important, as partnering with other individuals may allow you to grow in your area. What your idea might be missing is the right collaboration. And likewise, there is someone out there who needs you and what you have to offer. Let’s dive in.
Here are 10 thoughts on entrepreneurship and partnership. I will start with the healthy list first.
1. Lend Support– Offer help to other leaders through assisting them on their projects, sharing ideas, or just giving an encouraging word.
2. Think Tanks, Labs, and Cohorts- By joining a group of individuals who also share your passion for entrepreneurship, and creativity, you can grow in your field, and offer help to others as well.
3. Do a Joint Event– By doing an event together, you all can cross pollinate networks, and strengthen each other’s platform. Also, this provides an opportunity to work together on a smaller scale before signing in blood.
4. Do a Joint Project– Joint projects allow you to work with your fellow entrepreneur in a short term goal, and lend the best of your talents to one another. Cross collaborations have a potential to create something fresh that you couldn’t do alone.
5. Provide Feedback– One thing that you and a fellow entrepreneur can do is provide feedback to one another in a safe environment.
1. Prematurely Start Underdeveloped Business Out of Eagerness- This is dangerous. Entrepreneurs like to start new things. Sometimes too fast. Be patient, and do not start something without consideration of the bigger picture(resources, boundaries, revenue).
2. Over Promising– You can only do so much. Do not stretch yourself too thin, by starting too many initiatives. You are an entrepreneur, and this is your kryptonite. It could hinder your relationship with your fellow entrepreneur.
3. A Competitive Spirit– Your fellow entrepreneurs are not your enemy. When you treat them like threats instead of potential friends, you miss out on a great blessing. Be secure in your lane, and in your gifting.
4. Hoarding Ideas- Don’t be stingy. There are more good ideas where those came from. Bless others and share.
5. Losing Yourself– Set boundaries. It is okay to help your fellow entrepreneur, but not if it means losing yourself, and compromising your integrity. Be you.