Making Your Life Partner a Business Partner? Read This by Saen Higgins
Deciding to go into business with your life partner is a huge step and can be very rewarding. Tony and I know that jumping into a new endeavor can be stressful, and having the support of the person you chose to spend the rest of your life with is critical.
We recommend looking at this situation as another opportunity to grow and meet goals together while propelling yourselves towards success. While there are many benefits, in order to enjoy them we have listed 4 recommendations below.
- Don’t let ego get in the way. 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.
- Keep all work related talk confined to the office. Once you both leave work, literally leave work! Do not let it distract you from your personal life. This will be even more challenging if you’ll be working from home.
- Equalize the workload. Tax deed and tax lien investing is very computer focused these days. I understand if one person is more tech savvy than the other, but they shouldn’t have to do all of the due diligence on their own. Find ways for the both of you to participate in grueling research tasks early on.
- Hold each other accountable. Consider holding a weekly meeting where you discuss each others successes, pitfalls, and questions. You both need to be 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 in any business relationship... mutual respect 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.
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