A01.09 The Best Partner Ever

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The Best Partner Ever

by James Cramer, 2002 »

The professional partnership can be rewarding but it’s also a tough proposition. Surviving and prospering in a partnership is a subject that we get into discussions about often. I recently moderated a workshop where we looked more closely at the question: “What motivates partnership?” The reasons given varied, but pretty much fell into seven areas:

  1. To expand skill base of the firm
  2. To make more money
  3. To increase the size of the practice
  4. To have more fun and lower the risk of failure
  5. To fill in for each other and get more time off
  6. To find the power of synergy (1+1=5)
  7. Because it just feels right