By Rogers Wanambwa
Team, cooperate, work together. Related: merge, partner. In this article, ‘collaborate’ will stand for any and all these words and vice versa.
A legal partnership is a contractual relationship involving close cooperation between two or more parties having specified and joint rights and responsibilities. A collaboration involves cooperation in which parties are not necessarily bound contractually.
For one reason or another, some people are convinced that going at things alone is best. So many end up dredging through life. They just never seem to have a reprieve from the hustle and bustle of life.
Are you this kind of person?
I would like to humbly tell you that although hard work is amazing, it is even more amazing to enjoy the fruits of your labour.
“For thou shalt eat the labour of thine hands: happy shalt thou be, and it shall be well with thee. Psalm 128:2”, KJV.
However, before you get what to eat, you have to work. This obviously requires effort and patience. What is even more important is collaborating with others to get things easily done.
From our earlier discussions in this series, we have seen that fear will take you nowhere. What normally makes people shy away from collaborations is fear.
By overcoming your fear of failure and loss, you will be able to trust more and therefore collaborate more.
Not everyone is out to get you. And yes, not everyone is trustworthy either. This is where the spirit of discernment comes in.
In so doing, you also shouldn’t forget that you are dealing with humans and we are all inherently imperfect. Not everyone will do things according to what you want in a partnership.
At the back of your mind, you should have the long-term picture in mind and you should make sure that no one forgets why you joined forces in the first place.
Globally, you will find that almost all the biggest entities are owned by groups of people. This, of course, is something that I keep talking about with anyone that cares to listen.
I mean, if you have UGX1 million and start a business, it’ll grow at a rate of 10%. This gives you around UGX 3,138,428.38 each year.
On the other hand, if you join hands with 10 people each of you contributing UGX10 million at the same Rate of Return, you are looking at UGX31,384,283.78 a year.
You can do more together than alone, in a nutshell.