Can You Run Your Business Partnership from Home?

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq., owner of Ask The Business Lawyer, is an award-winning business attorney, speaker, and Entrepreneur Magazine online contributor. She saves consulting and professional services companies time, money, and aggravation by serving as their outsourced legal counsel.

Posted on July 28, 2016 in Business Partners, Planning & Advisors

I’ve written a lot about choosing the right business partner, but as I was trolling the Internet, perusing article on the numbers of people laid off and contemplating entrepreneurship (whether by choice or by default), the thought struck me:

Your “home office” environment is a huge factor in the success (or failure) of your enterprise.  Melinda Emerson points out a number of factors for home office success in her blogpost, “Are You Fit to Work from Home?” found on the Small Business Trends blog.

If you’re starting your business with a partner, and don’t have your own office space, you’ll need to look carefully at:

  • Do you need to be in physical proximity to each other?
  • If not, how will you communicate? How frequently?
  • How will you coordinate your client files so that both have access to what’s needed?
  • Are you each capable of monitoring interruptions?
  • What are the lifestyle differences between you and how will that affect your productivity? For example, if one of you is single with no kids, and the other is married with 4 of them under the age of 10, what’s the likelihood that you will both be equally productive?

 

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