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For some small businesses, two heads are better than one. While it might be tempting to go it alone, going into business with a partner brings its own set of rewards: new skills, a full-time sounding board, even stronger accountability, and a bigger network of contacts and resources.
But how do you know when you’ve found “the one”? Just look for these 7 signs.
Got this one here.
Great business partners have work styles that complement, rather than mirror, one another. What skills does your partner have that you don’t?
Being transparent about your finances—both yours and your business’s—can be awkward, but it’s necessary if you want to build a business together.
You’re willing to make serious sacrifices to turn your business dreams into reality, and you don’t plan on backing down at the first sign of struggle. Make sure your partner feels the same.
How did your partner handle their last professional crisis? Do you admire their response to stressful situations?
You might work fabulously together, but if your potential partner is a financial wild card, you’re better off flying solo.
Pick a partner who’ll open up about their uncertainties, their anxieties, and their brilliant ideas—and let you do the same.
You’re about to embark on an epic quest. Make sure you’ve got a partner who always picks up the phone, has top-notch judgment, makes the ethical choice, and shares your values.