Episode 0016 – Surefire Ways to Choose the Perfect Business Partner
In this episode
We’re gonna discuss everything about partnerships. We’ll get into the business of getting into business with someone else. By the end of this episode you’ll learn:
Why you might consider a business partnership.
If a business partnership is right for you.
Traits of a good business partner.
Tips for choosing the right person to partner with.
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The Problem
We can’t do everything by ourselves. In fact, many of the most successful companies on the planet were started by not one, but a small handful of people with the same goal in mind. The problem is that choosing who to partner with can be a difficult decision. By the end of this episode, you’ll know have the skills to choose the person who you’ll be building the next great business with whenever you’re ready.
Expert Solutions
Daniel Adetunji - Do You Need a Business Partner?
Partnership is simply an agreement between 2, 3, or more individuals to control a business!
Krista Masciale - Is a Business Partner Right for You?
Are they committed to the same vision and share your values?
Are they a close friend? If so, you really need to think about how this could effect your relationship. Money has a funny way of mucking up a lot of relationships. You and your BFF aren’t exempt.
Tony Robinson - Why I'd Choose a Woman Partner Every Time
Business Idea first rather than Customer First Many times I’ve seen men that have held senior positions in the public or private sector convince themselves that their business idea and business plan is so good it cannot help but succeed. It’s madness but it is amazingly common madness. It is only customers paying the price you need to make the profit that will allow you to earn a living that determines the viability of your business. It can take eighteen months or more from start up to find this successful formula. Flexibility in attitude and infrastructure are essential.
Zach Davis - 12 Essential Qualities of a Superstar Co-Founder
Alignment of values - Everything changes except character. Product ideas, market dynamics and even founder competencies morph over time. Character (what someone deeply values) changes at a comparatively infinitesimal pace. Diversity of gender, age and training can lead to higher team performance. In contrast, a divergence of values makes almost every ingredient of team performance harder to grasp. For example, agreeing on objectives becomes