A great post here from Will Schroter about choosing business partners. I’m involved in several different businesses with different partners, all of whom bring different strengths and weaknesses to the mix.
I’ve seen many business partnerships crumble in the past, people sometimes don’t realise that entering business with another person is not entirely dissimilar to marriage – it shouldn’t be taken lightly and takes lots of work.
It’s highly recommended reading for anyone entering business with others. Will’s tips in heading form are;
- Establish the ground rules.
- Read up on sales.
- Read up on dating.
- Make sure your heart is in your work.
- Don’t come across as desperate.
- “No” doesn’t always mean No, but you’ll hear it a lot.
- Go through your friends and family.
- Keep a positive attitude.
- Learn to read people.
- Incentives are the cornerstone of life.
