subject: Small Business Success- The 3 Business Building Benefits Of An Accountability Partner [print this page] The difference between small business success and small business failure is often times quite small. The competition in most markets is so fierce that entrepreneurs are constantly looking for an "edge". In many cases, having an accountability partner is just what a small business owner needs to take their business to the next level.
An accountability partner is an individual that a business owner is accountable to for reaching designated business objectives.
Typically, the partners will meet on a regular basis to discuss their business initiatives and goals. During these sessions, it is important to mutually determine action steps for each business, and a time table for reaching an agreed upon goal.
Each partner is accountable to the other for their small business success
Each business owner must "answer" to the other if they fail to reach the goal in the agreed upon time.
Generally speaking, an ideal accountability partner should not be a relative or a personal friend.
It is best to select an individual who is as unbiased as possible, because the decisions made will be more impartial and objective.
Very often in a small business, the owner has few options when it comes to idea creation. Acountability partners can be an invaluable source of new ideas and perspectives.
They are an excellent source of motivation, as they help each other stay focused on their business goals.
They are also an important factor in helping to maintain continuouis action, and often they can be the determing factor in small business success.
