Do I need a business partner?
Agony uncle and University of Westminster's visiting professor of PR Trevor Morris gives it to you straight.
Trevor Morris: PRWeek's agony uncle
I want to start a consultancy. I’m inclined to go it alone, but I can’t help noticing that a lot of start-ups involve two or even three or four founding partners. Is a partner really necessary?
Having a partner, at least when you start, is certainly popular: Burson and Marsteller, Hill and Knowlton, Fishburn and Hedges, Bell and Pottinger, Hope and Glory. But popular doesn’t mean necessary.
Running a successful consultancy takes a rare combination of skills: the ability to win new business, generate ideas, read a balance sheet, motivate staff and strategise.
If you have all these skills, you probably don’t need a partner. But you want to be the boss of bosses. So find strong second-in-commands who complement, rather than compliment, you.
Got a problem? Contact Trevor at firstname.lastname@example.org
This article was first published on prweek.com
Latest jobs Jobs web feed
- Marketing Manager Ball & Hoolahan £68,000 + Car/Car Allowance, London
- Associate Director - Marketing Strategy Trace c. £85k, South East England / London (Greater) / Surrey / London (South), London (Greater) / London (West)...
- Quantitative Research Manager Trace £32k to £40k, South East England / Berkshire / Maidenhead, Berkshire / Windsor, Berkshire
- Brand Manager Ball & Hoolahan £40,000 per annum, London (Greater)
- Senior Account Manager Propel £30000 - £40000 per annum + Excellent benefits, London (Central), London (Greater)
- Web Designer Propel £28000 - £32000 per annum + Excellent Benefits, Milton Keynes