The Journey With Spendefy » The Journey With Blue
The Journey with Blue shares how millennial entrepreneurs and founders of Spendefy make their business partnership work and the pros & cons of working with a co-founder.
The Journey with Blue, Journey with Blue, Michelle Blue, Entrepreneurship, Millennial Entrepreneur, Small Business, Atlanta Entrepreneur, How to Start A Business, Business Advice, Business Ideas, Business Tips, Business Losses, How to Grow A Business, Business Plan, How to Handle Business Losses, Eldredge Washington, Antwon Davis, Spendefy, Black Businesses, Black Empowerment
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The Journey with Spendefy: The Pros and Cons of a Partnership

I love the Spendefy bruh-mance here. This was my first time interviewing co-founders and I loved being in between these two.

In 2016, co-founders, Antwon and Eldredge, teamed up to launch Spendefy, a tech company that connects black-owned businesses to conscious consumers.The idea behind Spendefy developed when Antwon and Eldredge were discussing the lack of economic structure in the black community. Spendefy hosts thousands of black businesses on its platform and makes it easy for consumers to find black businesses near them.

Holding nothing back, the pair strikes a nice balance and figure out how to complement each other’s strengths and weaknesses. They give me an inside look at the importance of finding a co-founder and how they make it work with two totally different personalities.

I had to ask, what were some of their pros and cons of a partnership, here is a little bit of what they had to say:

PRO: You can not do it all by yourself…a partner will help carry the workload and identify the blind spots you may miss

PRO: You have someone with you when you jump and someone that gets the ‘Journey’

And yeah there are CONS but I think Eldrege said it best, “All the cons can be avoided through one word and that’s COMMUNICATION.”

I always say a partnership is like a marriage, it’s not a 9-5 type of situation, you have to trust the person’s work ethic, decision making when it comes to business and personally…so choose wisely.

And hopefully, you will have the mutual respect for one another like Antwon and Eldredge. If you have a co-founder story, good, bad or ugly, share it with me below

So…go ahead, watch and be encouraged along your ‘Journey.’ 

Key takeaways:

  • Check in with your partner personally
  • Know how to complement each other’s strengths and weaknesses
  • Find a partner who’s equally committed
  • It’s okay – and healthy – to disagree
  • Communication is key

“All the cons there are to having a co-founder can be avoided through communication.”