Finding the right business partner can be excruciatingly painful. It is extremely essential to find someone compatible with you and whose skills complement yours.
Your partner must understand your business and share your vision. As far-fetched as it sounds, your business is your brainchild and your partner is the second parent of your business. Ask yourself questions including: Do I prefer coming up with facts and figures or brainstorming ideas? Do I like to plan things or play them by ear? Do I look at the bigger picture or focus on details? Questions such as these can help you understand what you can bring to the table in order to figure out what you need from the other person.
Before jumping into a partnership with anyone, you must be familiar with the person for a reasonable amount of time. Lastly, draft it all out: Write out your partner’s responsibilities, rights and exit strategy so everything is clear and transparent.
When you share success with the right business partner, your business only grow. To learn more, check out Business Backer’s infographic below.