WARREN GREELEY BLOG | Lone Wolf vs. the Team Player

A good business practice is something that cannot be defined in stone. There are countless ways to make a business successful but when forming your biz (or organization, club, group), there are key aspects needed in order to get the job done. The most primary aspect of starting off is the choice of one or more. You need to decided whether you are going to go it all on your own and be a lone wolf or if you are going to share your company with others and be a team player.

Let’s face it. There are huge advantages and disadvantages to both. Either way there are going to be perks and problems that may have been overlooked when starting out. Today I am going to compare to cases. The Lone Wolf vs. the Team Player.

Advantages

Lone Wolf	vs.	Team Player
Don’t have to get things approved by partners to pursuit ventures No risk of being kicked out of firm More fulfillment in your accomplishments Make your own decisions Don’t have the burden of managing unmotivated partners One vision makes a more unified end product		Balance of strengths and weaknesses between partners Easier to raise capital Partners can be specialized in different aspects of business Less burden of debts on each person Easier to market with multiple players Problems can be dealt with while continuing common workload Always someone there to help

Disadvantages

Lone Wolf	vs.	Team Player
Burden of financial responsibilities Whole workload is all on you Pressure of management No one to help fix internal problems No one to help when feeling vulnerable or insecure about the business No close business relationships (can get pretty lonely) No one to help creative process and point out flaws		Partners have to manage each other as well as business Some things are disagreeable and hard to compromise Different people have different ways of interacting and practicing business You can never be sure if a partnership will work Friends can be lost over business disagreements

Realities

Lone Wolf	vs.	Team Player
No one really does it alone and anyone who says they did is lying. Everyone has mentors, friends, family, etc. helping them along the way Self employment is as much of a burden as it is a gift		You will never be in a perfect partnership that works seamlessly. Much like a romantic relationship it takes a lot of work and care to keep it going Partnerships are as much a burden as they are a gift

Whether you choose to go it alone or to bring in people to join you on your journey you will face trials and tribulations that will define the type of business man (or woman) you are. There is no solution to managing your company that will not come with advantages and disadvantages. And above all you must face the realities of your situation. For me, my business partner keeps me in check and we balance each other. For some it is easier to do it all on their own. The choice is yours but don’t just dive in. Weigh your options and really think hard before you take the big leap.

Thanks to Ron Johnson for the help with this post. Thanks to Mind Petals for the inspiration.

Got others ideas about this topic? Leave a comment.

Lone Wolf vs. the Team Player

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