Whether in life or business, making a go of it on your own can be difficult. Having a partner there to assist though can make the path to success a little bit easier. Of course, this can largely depend upon choosing a partner with whom you work well, but should you make the right decision, it can affect a variety of factors when it comes to succeeding in life or in business.
As a married, self-employed individual, I’ve realized the benefits of a partner in both aspects of my life.
Expense sharing and project funding
Single life can have plenty of benefits, but having to handle the costs of living or running a business on your own probably isn’t one of them. Having a partner to help share the burden of expenses can open up a variety of options that might not be available to the single person.
For example, having a partner in my life has helped me explore my dreams of self-employment. Her ability to carry the employer-sponsored health insurance for the family allows me to remain self-employed and it acts as a sort of financial backup should my independent endeavor fail or temporarily hit a rough patch. Her steady job also acts as a sort of cushion to keep cashflow steady when the dips of a self-employed income hit, and smooths out some of those financial hills and valleys.
Motivation when the going gets tough
Sometimes in life or in business we hit those roadblocks that are difficult to circumvent. Having someone there for advice or just extra motivation can help push us through these tough times. Whether it’s just to help us through a tough day, provide advice or a shoulder to cry on, or give tips and tidbits from past experiences, a partner can be the one to pull us out of a slump – and vice versa – when the situation calls for it.
Finding the right partner often means that when we’re up, he or she is down, and the other way around, which can help create a health situation as we balance one another’s highs and lows.
Varying levels and areas of expertise
A partner can bring with him or her experience, knowledge, and expertise that you just might not have. For example, my background in business and finance has me handling the accounting issues and overall family finances. Meanwhile, my wife’s background in healthcare has her dealing with medical issues, doctor appointments, and health insurance.
Being able to focus on our particular strengths, while at the same time learning from a partner’s areas of expertise, not only makes our situation as a whole stronger but can help us make ourselves stronger by using our partner’s knowledge for further education. Getting involved with a partner and asking questions when they’re handling certain situations in their particular areas of expertise can help us use this knowledge as a tool to draw upon and learn from rather than from becoming a crutch upon which to rely.
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The author is not a licensed financial, career or relationship professional. This article is for informational purposes only and does not constitute advice of any kind. Any action taken by the reader due to the information provided in this article is solely at the reader’s discretion.