A Century Of Legal Service

  1. Home
  2.  • 
  3. Business Law
  4.  • How to find the right business partner

How to find the right business partner

On Behalf of | Apr 9, 2020 | Business Law |

Your chances of success when starting a new business may hinge on who you pick as your business partner. You know that you want to bring someone else in, but you also know that a mistake at this stage could handicap the business from day one. How do you find the right person?

Where you look and the type experience you want them to have differs, depending on the type of company you are starting, but there are some main qualities you can look for regardless of the specific business venture. Here are s to keep in mind. You need:

  • Someone who is compatible with you. The two of you will spend a lot of time together and you need to be able to get along without conflict.
  • Someone who is equally passionate about your business idea. You want them to care about the success that the company has just as much as you do.
  • Someone who has the skills and abilities that you lack, and who lacks the talents that you have. Ideally, working together gives the company a range of skills that neither one of you could have on your own.
  • Someone who is reliable and trustworthy. You need to know you can count on them at every turn.
  • Someone who is creative, open-minded and willing to see different perspectives. You do not want to work with someone who refuses to even consider your ideas and opinions.

Finding the right person is so important. Once you do, then it is time to look into the steps you need to take to start your business.