Entrepreneur

Essential Elements of Working With a Business Partner

To keep your business running smoothly, it's crucial to have a clear division of duties. Here's how to set up a business with shared responsibilities-- for greater satisfaction and greater rewards.
Source: Blossoming partnership: Bryan Burkhart (left) and Sonu Panda of H.Bloom.

When Bryan Burkhart and Sonu Panda launched their New York-based subscription floral service H.Bloom in 2010, they spent every working moment together.

"We went to the flower market at the crack of dawn, interviewed every type of potential hire and drove a ZipCar around Manhattan to figure out how to scale deliveries," says Burkhart, CEO. "We needed to learn the ins and outs of the business together so we could set the direction of the company together."

As the business took off, though, the founders realized they also needed to work independently on various tasks so they could build the company on multiple fronts simultaneously. Today, Panda runs the day-to-day operations, directing engineers, buyers and managers of H.Bloom's five regional markets; Burkhart focuses mainly on sales, marketing and investor relations.

"We have a

You're reading a preview, sign up to read more.

More from Entrepreneur

Entrepreneur3 min readTech
How to Make Smart Hires on a Tight Budget
Growing a team is an important (and intimidating) step for a startup. And when money is tight, the pressure is on to get every hire right.
Entrepreneur11 min read
Michelle Pfeiffer's Fragrance Brand Took 20 Years (and Plenty of Rejection) to Build
She wanted the fragrance industry to be more transparent.The fragrance industry said no. So the actress took matters into her own hands.
Entrepreneur8 min readTech
Everything You Need to Know to Pitch an Investor
Asking investors to fund your business is uncomfortable, intimidating and at times even excruciating. Here's how to make it better, according to Andreessen Horowitz managing partner Scott Kupor.