The second blog post that was ever written on this little blog of ours many months ago was how taking on a business partner was one of the best decisions I've ever made. That remains true to this day. However, I didn't magically pull Lindsay out of a hat.
Being business partners is a special relationship. We like to liken it to marriage in many ways and refer to each other as "my #bizwife." We spend a lot of time talking to each other and ignoring our actual life partner for each other (sorry boys).
We know this wouldn't work if we didn't pick the right partners. And we don't believe there's a magic formula to picking the right partner. It was largely a gut feeling for us.
But there are some key factors that we knew needed to be true and had to happen in order for our partnership to succeed and may help you in finding your perfect #bizwife.
We knew we genuinely liked and trusted one another.
We met as random roommates back in our college days and went on to live with each other for the next three years we were there.
When we first started talking business, we already knew a ton about one another. We knew we could work together for long hours at a time. We knew we appreciated the others opinion.
We share the same philosophies.
We went to the same school. We studied the same things.
And while of course, at times, we differ in opinion, we have the same core values and thoughts on design. This helps our common goals and vision become the same.
Our skills align.
Many say that your partners skills should be different than your own.
I don't totally agree with this point. Lindsay and I have a very similar skill set, although we do have our strengths and weaknesses that balance each other out a bit.
I think what's more important is that your skills are on an equal playing field. One of us isn't more advanced than other. We both started and are evolving together. This takes away any competition and jealousy in our business.
We tested things out.
Before we got too serious or too far into dreaming about what would eventually become Four Oh Seven, we played with how things would work. We worked with a few clients and made sure we paid careful attention to what working together felt like.
Obviously things went well.
We planned for the worst.
In the process of making things official, we tried to plan for every bad scenario.
What if we can't agree on the cost or split of something? What if we can't agree if we accept a client? What happens if one of us wants to leave?
We have it all written out, but I'm happy to say it hasn't been put to use yet.
We've been lucky.
At the end of the day, we just feel lucky that this works. Our partnership was nothing we would have predicted two years ago.
And while a lot of thought and conversation went into the whole thing, it really was just love at first site.