这是明智的伙伴当打开一个餐厅?

ByBrad Sugars

Opinions expressed by Entrepreneur contributors are their own.

I am a 27-year-old female living in small-town Minnesota. I have wanted to open my own restaurant for years now, just haven't taken the jump yet. A good friend proposed that we partner up. I am a little leery. She has her ideas, I have mine, sometimes our ideas match. She does have the business background that I lack. I have been in the restaurant industry for 11 years now and love it. I'm just not sure that partnering up is the best decision for me, but it is appealing. What is your advice?
Nikki,

If you do partner up remember these 4 things:

1. A partnership is like a marriage and you need to understand it has a 50/50 chance of breaking up so you really need to have a very clear partnership agreement. You should cover things like how the business will be valued, who buys whom, etc.

2. You might be partners in ownership, but a ship can only have 1 captain. You have to decide who is the boss and live by it. Any good company has an organization chart and every person knows what their job is.

3. Make sure your values match. If your goals and values are different, then the business will not survive and you and your partner will differ on too many decisions.

4. Set a time limit on how long you will be partners and then choose again. Usually 5 years is a good time to set a goal to build the business and at 5 years you can decide again.

Partnerships are very hard. They usually don't work and if you can do it on your own, then do it. Hire people, go to classes, read books, get yourself a business coach and learn the aspects you need to.

Write your business plan and invest a few months in doing it. Show it to as many good business people as you can, get their feedback, and then take the next step.

Best of luck,
Brad Sugars
Wavy Line

Brad Sugarsis the founder and chairman of ActionCOACH. As an entrepreneur, author and business coach, he has owned and operated more than two dozen companies including his main company, ActionCOACH, which has more than 1,000 offices in 34 countries.

Editor's Pick

Related Topics

Science & Technology

This Is the New ChatGPT Trend That Will Enhance Your Business

ChatGPT plugins are becoming the new cool trend among entrepreneurs to enhance their businesses and engage more customers. Here are some insights into how they're impacting business enterprises, along with some potential risks that may accompany the benefits.

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Growing a Business

Senior Executives Are Falling Behind The Digital Curve — Here's What It Takes to Stay Ahead.

Learn how to stay ahead of the digital curve with the top areas of digital transformation that all corporate leaders should know.

Business News

McDonald's Is Launching a Spinoff Restaurant Chain Based on a Beloved, Blast-From-the-Past Mascot

The company saw a lot of success with another former mascot, Grimace, in June.