One of the biggest decisions you’ll have to make when starting a business is whether to go it alone or to find a partner. Creating a partnership can be a great move if you want to quickly scale the business, because you’ll both bring your talent, know-how, networks and financial resources to the endeavor. Plus, there are other benefits, like having backup if you get sick or want to go on vacation.
However, partnerships are not for everyone. As with all relationships, partnerships can be challenging — and when you add a financial component, even more so. As a result, it’s important to weigh the pros and cons. Sometimes, a sole proprietorshipmakes more sense. Here are five benefits that going at it alone will bring.