At the Crossroads: Partner Up or Go Solo in Your Career?

You know how it is in our world – we start off eager, learning every trick of the trade. 'We're soaking up skills, climbing that ladder, and before we know it, we're not just playing the game; we're leading the team.

But here's the kicker: there comes a time when you've got to make a big call.

Do you join the big leagues as a partner, or do you take the leap and set up your own show?

Remember those early days?

Fresh-faced, learning the ropes, and gradually becoming the go-to person in your field. Then you're managing teams, calling the shots, and suddenly, you're a senior manager with a whole bunch of managers reporting to you. It's quite the ride, isn't it?

So, you're offered a partnership.

Sounds fancy, right? But it's more than just a pat on the back. It's about putting skin in the game, sharing the pie instead of just getting a slice. It's a big step – financially and career-wise.

Here's where you need to do some soul searching.

Are you the kind who loves the comfort of a structured job and a steady pay check? Or are you itching to break free, take risks, and be your own boss? It's all about figuring out where you stand on this spectrum.

Let's talk risk.

If your pay check stopped tomorrow, how long could you keep the lights on? How much cash can you lay your hands on without breaking a sweat? These are the tough questions you need to ponder before making your move.

In our world, there are two types of pros: the rainmakers who bring in the business and the operators who get the job done.

Which one are you?

Your answer could very well shape your next big career move.

Joining as a partner in a big firm isn't just about prestige; it's about understanding what you're getting into. It's easy to get comfy and stop looking for new opportunities. And let's not forget the corporate angle – sometimes, these partnerships are more about keeping you in the fold than anything else.

Thinking of going solo?

It's not for the faint-hearted, but it doesn't have to be a leap into the unknown, either. You could give it a shot for a couple of years and see how it pans out. Remember, running your own gig is a crash course in skills you never knew you needed.

Whether you're staying in the corporate world or starting your own thing, here's some advice: build your personal brand and network like there's no tomorrow. These are your lifelines, no matter which path you choose.

So, there you have it. Partnering up or going solo is a big decision, but it's not set in stone. It's all about knowing yourself, weighing your options, and being ready to adapt.

I used to advise people at the end of their career when people retired, for my experience those that took a risk rarely regretted it because they learnt a lot even if they failed. Those that never took risk always regretted it. The lesson, doing something is harder than doing nothing, so I would suggest just doing something.

Both options are something.

It's your career, your rules. Go make it happen!

Want to know more?

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The information contained in this article is general information only. It is not intended to be a recommendation, offer, advice or invitation to purchase, sell or otherwise deal in securities or other investments. Before making any decision in respect to a financial product, you should seek advice from an appropriately qualified professional. We believe that the information contained in this document is accurate. However, we are not specifically licensed to provide tax or legal advice and any information that may relate to you should be confirmed with your tax or legal adviser.