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Saen Higgins - Tips on Choosing the Right Partner
When asked, many of our students say there are advantages to working with their partner. In fact, if you’ve attended one of our events you may have seen us support business partnerships between couples. Why is this? Well, for one thing you absolutely have to have your partner’s support with any new business venture. And if they can help with the research and admin, then that is a big bonus.
Below I’ll discuss some benefits to working with your partner.
1)Shared responsibilities – the business of tax liens and tax deeds is not easy. We don’t make it out to seem easy either. This is a real business that requires real work. So having someone to share the duties with will be necessary as the business grows.
2) Communication – you already have good communication established with your partner. This is also important with a business partner.
3) Planned results – if you’re both participating in the tax lien business, you’ll achieve success together. You both know where you want to be in retirement, and now you’re both running the vehicle that will get you there.
Some drawbacks to working with your partner are listed below:
1)Decision making – the both of you will likely want to take control of the steering wheel.Be sure to have regular meetings where you discuss strategy and goals to avoid this.
2)Too much time together – morning, day, and night.Make sure you’re not getting tired of one another. Take a break during the day alone if needed to re-charge batteries.
3)Not taking it seriously – it can be hard to take the tasks at hand seriously when you work out of your own home, with your spouse.Avoid distractions and find ways to remind yourselves that during business hours, you work.
Tony Martinez and I did in fact need help in the beginning from our spouses. They supported us in what seemed at the time a scary new venture. In time however we found success and were able to build a company with staff focused on investing in tax liens and tax deeds. We have our loved ones to thank for where we are today.
Saen Higgins is the Co-Founder of US Tax Lien Association. He is one of the word’s foremost authorities on the subject of investing in Tax Lien Certificates and Tax Foreclosed Properties. He has been training and speaking internationally for over 25 years. Saen is passionate about sharing his philosophies on real estate investment and creating financial freedom. His extensive knowledge in the field of self-directed retirement accounts has changed the quality of life for thousands and the way they invest. Saen’s devotion to helping people creates true financial independence and is only matched by his business partner, Tony Martinez.