Partnership Advice from Small Business Owners

Share this article

This is paragraph text. Click it or hit the Manage Text button to change the font, color, size, format, and more. To set up site-wide paragraph and title styles, go to Site Theme.

PARTNERSHIP ADVICE FROM SMALL BUSINESS OWNERS

 

There are many factors that must be considered when operating a business with others. We asked some of our clients to share their partnership advice for entrepreneurs who are considering business co-ownership.

 

Here’s what they had to say!

Jane Lin

Jane Lin of  Urban Field Studio


Jane and her business partners provide a full range of urban design services, including strategy, design, conceptual architecture, and urban design education and communications.

 

Why did you decide to go into business with other people?

Two or three is better than one! It is good to share responsibility. You can do more as a team. And, it makes life outside of the business more flexible since we can cover each other when we go on vacation.

 

What do you love about owning a business with others?

I really like collaborating with my partners. I learn a lot from them. They are not just business partners but mentors. I feel that I contribute to something bigger than just myself when I work as a team. We all contribute energy, knowledge, encouragement, skill, support, and friendship to each other.

 

What is most challenging about co-owning a business?

Distributing responsibilities requires daily tending. But, that’s what running a business is all about!

 

How do you deal with this challenge?

TALK. Say exactly what you feel and state what you want. For tougher moments it’s good to have a third partner who can hear you both out. And, when you don’t get your way, have a good attitude about getting what you desire next time and understanding that it’s for the long haul.

 

What advice would you give to entrepreneurs considering a business partnership?

Think of your potential business partner like a travel partner. Use a similar filter as if you are choosing a travel buddy. This is a long journey and you may get lost. Can you handle being stuck somewhere with this person? Will they help you figure out what to do next? Will you choose the same path forward?

 

Write a partnership agreement. The biggest deal is the partnership agreement. It’s like wedding vows and a pre-nup (but not as romantic). The value of your business is maintaining a strong relationship between you and your partner every day. If that is strong, your relationship with your customers will also be strong.

 

What do you wish you had done differently?

There is not that much I would do differently, but I do need to remind myself to give props to my partners as much as possible. I want to practice gratefulness in what they do every day. And, I want to make sure we are connected as much as reasonable.

Shamita Dhar

Shamita Dhar of  Coyote Coast Youth & Family Counseling


Shamita and her business partners co-own a counseling business that provides therapeutic support services to teens and families experiencing emotional, behavioral, and substance-related difficulties.

 

Why did you decide to go into business with other people?

Being a part of a team is extremely rewarding. We each have important strengths, which complement one another and support a balanced approach when making important business decisions.

What do you love about owning a business with others?

I like the security of knowing that if one of us is having an off day, there are two others dotting “I”s and crossing “T”s. Building a business is filled with opportunities for both successes and failures. It certainly feels better experiencing either case when one is not alone.

 

What is most challenging about co-owning a business?

It is inevitable that tension will build when one or more partners fails to pull their weight or during periods when a partner experiences a crisis of confidence or some ambivalence about the work.

 

How do you deal with these challenges?

With solid agreements, direct communication, and healthy boundaries—without these, we can end up feeling misused and mistreated. Fairness is essential for a working partnership.

 

What advice would you give to entrepreneurs considering a business partnership?

Talk through every possibility and establish a solid partnership agreement, no matter how close you may be. In fact, the closer you are, it is even more imperative to outline clear and specific agreements about how to work within the partnership and exit the partnership.

Deborah Bowes

Deborah Bowes of  Feldenkrais Center for Movement Awareness


Deborah co-owns the longest established Feldenkrais Center in the Bay Area offering individual sessions

related wellness services and partners with her husband Cliff Smythe

 

Deborah’s partnership advice for other small business owners:

 

Make a plan. It is important to plan for the changes that the future inevitably brings. Not only to decide what will happen but design a process for working through change.

 

Communicate openly.   Good communication skills are essential, as well as being able to have difficult conversations and still be friends, and work through different goals and values. There will be times when you want to go in a different direction than your partner. If you want the business to grow and develop, you have to accept the difference and see how you can make it work for everyone. Then you can be happy to be in business.

 

Trust is essential.   You have to trust each other; you must trust that your partner will be honest, and fair. You may not be best friends but you both must consider each other’s needs and want the best outcome for both of you and in turn, for the business you share.

By Paul Terry July 8, 2026
Kibo Farm’s Vince and Jenny Trotter. Here is the background of business experience, philosophy, and passion that Jenny and her husband Vince have used to start and develop a successful small business. (This interview written in part by Lauren Papalia a Sonoma County writer and part-time farmer and edited in length with some added details by Paul Terry) LP (Lauren Papalia) : Kibo Farm’s crops are nestled in a bowl, surrounded on three sides by Belden Barns grapevines. What are the nuances of your topography and the challenges and advantages that come with it? KF (Kibo Farm) : The property itself sits nearly 1,000 feet up the Northwestern flank of Sonoma Mountain, looking out over Rohnert Park and Bennett Valley. The beauty of this spot is that we rarely, if ever, get frost because cold air slides down the mountain, settling in the lower elevations. Our lemon, mandarin, lime, and yuzu trees love it! With that topographical feature working in our favor, we’ve got more citrus trees planned, which will help with wintertime cashflow. LP: Kibo Farm was an inaugural cohort of co-op members at FEED. Jenny, you were formerly the Board's president. Philosophically speaking, what are some of the challenges and benefits of structuring an organization in this way? KF: There are many benefits to the co-op model for the key stakeholders – in our case, the farms and FEED employees – are able to have a voice in how the business operates. The work that FEED does – marketing, selling, and moving local products from farms to customers – is such an essential part of the food chain. We can grow delicious produce, but we need to get it to eaters. With a cooperative structure, we are creating a robust, collaborative, and sustainable organization that we know we can count on. Additionally, we can reach buyers of scale that we might not have been able to serve well individually. LP: What do you find most rewarding about farming? KF: Hands down – the pleasure of feeding people. That may sound corny, but we get such a high watching friends or family enjoy a delicious meal that you prepared, multiply that by 10 and you will understand. We may not be in the restaurants and homes where our produce is served, but we know many of the chefs who buy from us, and our neighbors and friends. This is proof that our labors nourish and even delight our community. That brings us deep satisfaction. LP: You told us that “farming is the life to which you’ve been called, and if one word captures the feeling of that calling, it’s stewardship.” What does "stewardship" means to you? KF: Stewardship for us is bringing our whole selves to farming and making choices that result in long-term benefits to the land and to the living beings reliant on that land. It is about caring for this place for the time we are here and for the benefit of future generations. We don’t own this land but feel so grateful to be able to farm it and for the relationship we have with the landowners. Nate and Lauren Belden, who own the property recognize that, in this region, there is an imbalance by which land usage for wine grapes often outcompetes other forms of agriculture. They felt that sharing land can actually create some interesting opportunities that benefit the different crops as well as the people who farm them. The Beldens are conscious of the constraints placed on producers like us and work hard to make sure that our relationship works for everyone involved. LP: What’s something you wish more people knew about farming? KF: Over the last 20 years, farming has been glamorized where some farmers enjoy a near-celebrity status. This elevated profile of agriculture has helped all of us to find new markets and new customers. But farming sometimes gets labeled a "lifestyle" rather than a "living". Every farm is a small business struggling to stay alive. If many of us work second jobs that doesn't diminish the farm as an important enterprise, it simply underscores the difficult economics of producing food in this day and age. Across the US, the average farm makes less than 25% of the income they need to support their families from revenue generated on the farm. The bulk of what they need comes from other jobs. At Kibo Farm, land and housing is subsidized, but we still rely on off-farm work to cover over full cost of healthcare, childcare, etc., and so do our employees. LP. The USDA cites small holdings like Kibo account for over 90% of all US farms but only 15% of overall market value of agricultural production. How do we make this better? Do co-ops help ameliorate some of these issues? KF: We have to work together to solve problems like the high cost of land and disparate degrees of access. We have to raise the expectations for how much food should (because it actually *does*) cost. With time, we need to find ways to compensate farmers and ranchers not just for their products but also for the ecosystem services they provide to the community as a whole: sequestering carbon in the ground, converting food waste into soil-enriching compost, maintaining open landscapes, reducing wildfire fuels, and staving off invasive plants and insects. In terms of solutions, cooperative ownership models certainly play a significant part. By coming together with other farms who are technically our competitors, we can work together to supply food to communities on a much larger scale, creating economic security for the farms and a more stable supply chain for the communities. Cooperative ownership of land where farms pool capital and spread the risk of expensive acreage could be an interesting solution in competitive regions like ours. LP: What is your vision for the farm's future? What are you most excited or hopeful about? KF: One unique aspect of our farm business is the interdependent relationships we’ve built with certain chefs in the Bay Area. For several restaurants, we sit down each winter, pour over seed catalogs, talk about what we’re dreaming of and all the new things we’d like to try. From those conversations spring crop plans and lay out lists of different produce along with quantity and frequency of delivery. This kind of close-knit relationship brings security, because 70% of what we grow is virtually pre-sold. This allows us to take risks and deliver items to these chefs that they might not find anywhere else. Having partners who value what we do and entrust us with something so core to their own business inspires us deeply and injects every Spring with a spirit of excitement and even mystery that keeps us going.
Picture of woman
By Paul Terry June 13, 2026
As the coordinator of Renaissance Entrepreneurship Center‘s Business Planning Class, I helped small business entrepreneurs prepare for their emerging small businesses. Melissa was a very active student and role model for others – both with her classmates and her referrals to others to become future business owner. Melissa is an amazing jewelry designer and very smart and generous businesswomen. Melissa Joy Manning has created a socially responsible fine jewelry brand featuring unique, modern designs influenced by her passion for travel, art, and culture. The line encompasses multiple collections including one-of-a-kind pieces, signature designs, and custom, non-traditional wedding jewelry. Here are some thoughts that Melissa shared on goals, planning and having a vision. Melissa suggests that it was with our combined help (and from mother at Renaissance) that she learned about the importance of setting well-defined goals: “I was lucky enough to have had an amazing teacher, Paul Terry, at the Renaissance Center in San Francisco, who taught me the importance of vision. He taught me to envision my success and what it would encompass. I used these goals as benchmarks when building my brand. Every time I reached one, I would sit down and create another. As the ‘visions’ kept coming true, they emboldened me to think bigger and more creatively each time.” Here is some of Melissa’s great advice for others considering or running a small business of their own: Make sure it’s what you want to do. If you really love doing something consider how it will change when it becomes a business. I meet a lot of people who loved a hobby but when they had to economize it on a daily basis, found that they lost all joy in it. This must be something that you really want to do and will commit to do it for the longer term. Know that your life will change Your friendships, relationships, how you view the world…everything will change.. When you take charge of your life by forging your own path, a lot of lessons will come forward that you didn’t consider. In some ways, it’s like a veil lifts in how you see the world. Remaining true to yourself and your passion will carry you through any unexpected reaction or loss that success may bring to you. Always, always, always listen to your heart. If you are true to yourself you will always succeed.
Close-up of a vintage gold alarm clock on a table with a blurred background
By Paul Terry May 28, 2026
Learn key time management strategies for small business owners. Prioritize tasks & boost productivity today!