Launching a new business can seem scary and unsettling to most. Even if you consider yourself a risk-taker, there are many unknowns for first timers, and if they are not careful, many mistakes can be made.

If you find yourself questioning whether to enter into a new business venture alone or with a business partner, you are not alone. And by now, maybe you’ve realized there is no right or wrong answer to this question. Either can work out, and both have led to success. Let’s weigh each option’s possible benefits to help aid you in your decision process.

The upside of going solo.

Acting on a new business venture alone allows you to call the shots, making all business decisions as you wish. This can be great for those confident in their abilities and comfortable under enormous pressure. A single owner can be perfect for those who prefer marching to the beat of their own drum. Some people just need to be cut out from working with others. Having to consult regularly with a business partner can slow the process you have already envisioned in your head. Going at it solo will diminish any possibility for butting heads or future resentment that can lead to a disastrous situation. Seriously, who needs or wants those kinds of headaches?! At the end of the day, you may find that the most rewarding takeaway you’ll experience by starting your business solo is that the recognition will be all yours, including the monetary rewards. Assuming you have done well with your brand.

 The upside of having a business partner.

On the flip side, some people enjoy teaming up with others, finding situations easier to navigate when they have the support of another. A business partner can be seen as a bonus. An extra set of eyes and ears, someone to run ideas back and forth with. Suppose you gave it some serious thought when considering a particular person to partner up with. In that case, this person will provide specific strengths in areas where you might need improvement, and this can only lead to a better, more successful company. Partnerships should build upon each other’s strengths and weaknesses, making up for any unevenness. Another perk of having a business partner is that you won’t be entirely responsible for generating the funds necessary to start the business. Nor will you be held 100% financially accountable if things end up bombing. By sharing the heavy load with another, you can use that time to perfect your brand.