15 signs that you found the perfect business partner
As they say, "When you know, you know."
You have considered alternatives, spent above the advantages and disadvantages, and you finally feel ready to make a long-term commitment. No, you do not decide whether to get married. You take dive into a business partnership.
For manysuccessful entrepreneurs, deciding who to enter business is also important a question - with so many personal and financial considerations -wedding. And, in many ways, it's a more complicated choice to do. Choose judiciously and you and your co-founder could accumulate your industry and make a lot of money (especially if you have hosted these20 successful start-up strategies) Make a mistake, and you and your bank account will regret for years to come.
So, what are certain things you should seek in a co-founder or a business partner - and what questions should you ask yourself when you think you have found the right person? Here are 15 ways to say that you have found this one (for your new business). And for a good productivity board, here is here60 ways to buy 60 minutes more every day.
1 You are not friends
"I did not say it's a mistake, but you have to look very carefully if you want to start a business with a friend," says Vitaliy Vinogradov, CEO ofModern place lighting. "You put a friendship in danger when you start a business together. Gypically friends do not pay attention to everyone's work ethics and scare many mistakes that they can have. Imagine being in a situation where the 'business fails or there is a huge delays, how do you think they will react? "
2 Yet you can talk without speaking
"I play tennis and courtyard, without even knowing someone's name, I can say if we communicate well," says Vicki Salemi, career expert and author ofBig career in the big city. "If the other person listens when we play double and I say," I had it! "
To be able to express the concerns and personal concerns (both verbally and non-verbal) contributes to strengthening the relationship and the company, and is essential to crossHigh resistance periods.
3 They can do what you can not
"Find people well to things that you are not. If you and your business partner are too similar and like to work on the same things, all the" other things "will be neglected," says Nathan Kontny, CEO ofHost.
You need someone who brings everything you miss to the table to become a full team package. It is extremely helpful to also have shared skills, but you need to make sure that all critical skills are among both. For example, one of you-otherwise not both - should certainly know these5 secrets to execute the perfect business meeting.
4 The company will be the same priority level for you at a time
If it's a full-time job for you and agig For your partner, it may disturb the line. Salemi suggests questions that you should ask when we consider whether someone could be your co-founder: "What is their trace? What is their vision? Does this be their only goal or have other coals in the fire ? "
It's risky to collaborate with someone who is likely to lose interest quickly, otherwise you have re-sent later to work less than you.
5 You are there for the same reason
"The basic values aligned are an important consideration," explains MacLeod. "For example: make a profit at the expense of what environment, animals, relations / people? What is the most important reason you want to create a business? It goes to your personal values and must be at the forefront of any relationship with a business partner. "And hopefully, you and your co-founder will both bePossess this important skill that share people who succeed.
6 You are psychized to work with them
"At the end of the day, you want your partner to be someone who excites you to be in business with," Stuart Snyder said, co-producing the new phase of production ofThe exorcist Which first in the end of Western London in 2017 and Broadway in 2018, as well as the 85-year-old emblematic co-owner / partnerBeal lobster pier, who worked closely with a different partner for both projects. "You must be able to trust them and respect them and share a common value system and a vision."
7 They do not take disagreements personally
"A good business partner is able to compartmentalize the discussions and not to inform him about the functions of society," says Lim. When you broadcast on a question, take it for what is an example of different opinions. Disagreement is the natural and frank debate is a sign of a healthy business. You should be able to go out, make a decision and move on. And if (or more likely, when) you or your co-founder you angry, you should both know thebest way to keep your cool when you want to lose it. Even if the debate is heated, you should both be able to take difficult feelings.
8 Basic logistics align
"It's important to know if your co-founder lives on the west coast while you are on the east coast. Will it work for you two and how often do you meet? Or if you are in the same City, you work from an office? "Ask Salemi. "If you have an office, the two co-founders should be in the workplace. If you grow up a business and you have a central point of view office, it is essential that the co-founder is essential for co-founder. Why should anyone go to the workplace if the co-founders (the main individuals of the company) are not there? "
Of course, if you are in the same place is not as high priority for you and your co-founder and you have decided to bothWork at homeThe logistics for it should also make sense. Beyond the location, "It helps to take a third party early in the process, as well as an accountant you will use for your business and / or your lawyer," said Salemi. "The questions they put in advance can also help determine from a business perspective if you are on the same page." And while you hire new talents, make sure to keep in mind these8 game evolution strategies Each boss should know.
9 You both agree to submit to a background check
"Internet offers you a golden opportunity to really look at the assessment of this person," saysAnita Bruzzese, an award-winning journalist who covers the career and workplace. "You can consult the behavior of online social media, talk to mutual network contacts and even check the public records of previous bankruptcies or (Heaven forbidding) a criminal context."
A co-founder who agrees to join you in a complete bottom check should see it as a confidence indication, without a doubt.
10 They agree on the structure of the company
"Even though this person is a friend or family member, any decision should be made on whether that makes sense of business," says Bruzzese. "Ask questions about how it will be structured, the financial split, etc."
She suggests using theSmall Business Administration As a resource to make decisions on these points.
11 You both see age as a number
"Generally, it is more difficult, especially for the elderly, to consider themselves equal," says Vinogradov. "My old partner was about 10 years older than me and always commented how young I was and did not understand certain aspects of life. This, in turn, created a lot of friction."
It means be sure that a co-founder who is older is not the type of choice to demonstrate domination, talk about your opinion and take control. If they are young, they should be someone who does not act (and maybe you shouldTry this haircut to shave 10 years discount on your age) Anyway, if there is an age difference between you two, you should have the confidence that it will not create obstacles.
12 They are skeptical - at the beginning
"When someone seems like skeptical as I ask difficult questions, understands the data and taking an agreement, is not too excitable and we see long-term goals, it makes me feel a lot better on start A business relationship, "said Brandon Crossley, CEO of the Financial Projection PlatformPunch. A co-founder who asks questions is the one who will notice your blind in the future - a precious feature in a partner.
Once you have taken into account all these factors, you will be on your way to a long-term partnership that, hopefully, will last a life. Together, you will know how to build your perfect business or successful start - and if you need this additional motivation, here's50 inspiring success quotes To start your business with your new co-founder.
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