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Can My Life Partner be My Business Partner? A Review by Saen Higgins
Every week I see students decide to go into the tax lien and deed business with their life partners. This is a really big step and can be highly rewarding. Tony and I know that jumping into a new endeavor can be stressful, and there is nothing like having the support and help of the person you chose to spend the rest of your life with. This is another opportunity to grow and meet goals together while propelling yourselves towards success. Like anything however, there are some possible roadblocks that are best to avoid.
The very first roadblock is ego. While you may not always agree with everything your partner does or thinks, take a moment to think critically about your options. They may in fact have a better idea, so it’s up to you to recognize that and embrace it. In sum, let go of the need to always be right.
Secondly, keep all work related talk within the confines of your office. Once you both leave work, literally leave work! Do not let it distract from other activities you like to do together, or other topics you like to discuss. If you both are working from home, this will be more challenging but even more important.
Thirdly, allow time to relax during the workday. It can be tempting to push each other to the limit, researching for hours and hours. This is not healthy. Take a run together or go on a walk. This helps clear the mind and in the end will make the both of you much more productive.
Finally, hold each other accountable. This can be done by having a weekly meeting where you both discuss each other's successes, pitfalls, questions…you need to make sure you’re both on the same page at all times. If one of you begins to feel discouraged, it’s up to the other to strengthen them.
Running a business with your partner is invigorating. Let your strong bond work to your advantage, but remember like any business relationship mutual respect and trust is key.
Saen Higgins is the Co-Founder of US Tax Lien Association. He is one of the world’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.