"Finding the perfect business partner is one of those fast tracts to success I love to talk about. In the case of a perfect business partnership, 1 + 1 = 3. What this equation is trying to say is that when two people join forces, that partnership's potential success can be significantly greater than the individual accomplishments of each partner. But while partnering is one of the fast tracks towards success and wealth, it is also one of the fast tracks to failure or bankruptcy."
"Questions to ask that will help you find the perfect business partner So, how do you go about finding the right business partner? Below are some questions to ask that will help you identify potentially good business partners: Is your potential partner honest? Is your potential partner humble? Does your potential partner have skills you lack? Does your potential partner have control over their emotions? Is your potential partner sound financially?"
Strong business partnerships create synergistic results where combined effort can exceed individual accomplishments. Poor partnerships can cause financial loss, litigation, and damage to personal relationships. Thorough vetting of character, values, behavior, and financial soundness is essential before forming a partnership. Key vetting criteria include honesty, humility, complementary skills, emotional control, sound finances, healthy family relationships, work ethic, rule-following, and prior working experience together. Ignorance about a partner’s true character and conduct represents the biggest liability in forming a partnership. Careful due diligence reduces risk and increases the likelihood of sustained success.
Read at Entrepreneur
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