Here’s the blessing and the curse of being a successful independent – at some point, you may have too much work to handle on your own. You can take it all on yourself, but you run the risk of sacrificing quality for quantity.
But can you be independent…with a partner? The smartest independents, like any good businesspeople, know when to ask for help.
Don’t worry, I’m not telling you to incorporate as a small business, order new business cards and start picking out office spaces together. I’m saying that you should have a bench full of players you can go to when you need to. And if you’ve got a good network, you should have no shortage of talented, trusted colleagues. But what’s the tipping point? When do you raise the white flag? And how do you hire a contractor, when you’re one yourself?
For me, it came down to three key parts:
So there are some thoughts to consider – a partner can help you keep the business you have, pick up the business you want, and build stronger relationships all around. And as an independent, you can never have too many strong relationships.
How many partners do you have? Or even better, share your #bettertogether story with @MBOPartners!
Independent contractor misclassification can be an expensive mistake—here’s what you need to know to avoid it.
Managing a consulting business is both rewarding and challenging. Here are four times to consider partnering with other consultants to ease your workload.