The More, the Merrier?

Make sure your business doesn't have too many cooks.
1 min read

This story appears in the March 2008 issue of . Subscribe »

On television, three was company, but in business, it can be awfully crowded. Still, some companies have made triumphs out of a triumvirate. Consider the case of Louisville, Kentucky-based B's Purses, a website where customers can design their own purse, luggage or baby gift and even host a purse party or become a B's sales rep. The 4-year-old company brought in sales of $2 million last year, and having multiple partners--Lisa Henderson, 32, Susan Gullien, 37, and Sandra Masters, 38--hasn't hurt the company at all. "The best thing about [having] three partners is the level of energy [we] feed into one another," says Henderson. "We are each extremely passionate about our company, and the enthusiasm is contagious."

But it helps that the three have always had their own specialties: Gullien works on design, Henderson's focus is marketing and Masters oversees operations. "Decide in advance who has the authority to make what types of decisions," says business consultant Francie Dalton. "Be explicit about this, and stay out of one another's sandboxes."

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding