Many businesses are started between two friends who trust each other because they’ve known each other for a long time. Whether your new business partner is a long time friend or someone you’ve just met, it’s always a good idea to size them up to see if you are a good fit for each other. Many people have gone to court, businesses have fallen, and relationships have been ruined because the friend turned out not to be a good business partner.
Are You and Your Business Partner Seeing Eye to Eye?
John Warrilow over at Inc.com has a great article: 3 Ways to Test Your Business Partner. Its a good reminder (and introduction for you nOObs) on how these types of relationships can get sticky sometimes, but there are certain things you can do to head it off at the pass.
If you’re in one already, it’s just as important to evaluate it and see if you’re on the same page.
Have you been burned by a business partner? What would you have done differently?
PS: I’m going to launch a new blog in about a month focused on entrepreneurship, business, and the law. Keep watch!
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