Thursday, September 25, 2014

Tips on choosing the right entrepreneur business partners

Start a business with no friends forever always successful, even if there is a problem it can break down the relationship of friendship that was built longer than the business.

popular saying “have friends from business better than have business with your friends”. A Business Partner can help your business could also complicate the way your business to thrive.

Well, because your business is in need of a partner then it should be done, although that invited consideration partnered is your friend yourself.

Had the same vision. Neither you nor the partner should have the same vision for developing business with ease. The vision of this prospective partner could know when making an internal chat, and intense approach to the discussion.

Create a written commitment. After aligning vision with Your partner and make a commitment to business together and are frozen in written form. This written agreement to tie up you and your partner and as proof of the seriousness. In the Treaty should also be written Division results.

Share job desk. You and your partner should know and have their respective duties in the development business. This task should have been divided since the beginning the business was started so that later the uproar does not occur. New business after running task can be modified, combined or tailored to the circumstances of the field.

Tort. In the middle of a business trip You will probably happen or disputes, cooperation could have been stopped in the middle of the road. Then think of asset allocation has also invested as well as coverage of losses incurred. This was discussed early on with open if could also be listed in a written commitment.

business partners
business partners


In building a business (business) did better done independently (standalone). Thus, you can define your own full ruling where the direction your business will be developed. However, not everyone can easily build the Kingdom its business independently. There are some obstacles that cause them to be partnering with others in building his business empire. These constraints include: limitations of venture capital, entrepreneurial skills are not yet qualified, the narrow business network, or want to share the risk. Because of these limitations, establish a partnership with a friend, a colleague, or even a professional is the best option in entrepreneurship.

In selecting business partners and established in a business, not an easy thing. Wrong in determining choice, would interfere with the course of business, financial, and even may also be your future. To do this, choose business partners that fit with you. The characters are good business partners that, among other things:

1. Personal Records (records) positive
Before you decide to establish cooperation with business partners, the first thing you do is find out notes his personality. Whether your prospective business associates has been involved in a case or not. Also, note his background, such as family background, education, and his experiences during this time. Positive track record will make you not feel misgivings in establishing a cooperation.

2. Have a vision and mission, as well as the spirit of the same business (in line)
In building a business (business) involving many people, should be bound by a common vision and action. A good business partner is a personal vision and spirit of his efforts in line with the flow of your thoughts. If from the very beginning, when time began to plan an attempt to occur differences and debates between you and your prospective business partners, then it's worth delaying your first to do such cooperation. The vision and passion of the different efforts will only make you always fall for the feelings (souls imprisoned in a dilemma) and are not able to develop themselves.

3. Have the competence that is capable of covering your flaws
If you want to choose a business partner, then the personal business partners who have different competencies with yourself is the right choice. But this is not a necessity, because it is difficult indeed to expect your business partners will have different skill sets and be able to cover your shortcomings in running the business. It might even happen often turns out to you and your business partner has expertise in the same field. It's OK.

4. Business partner established financially condition
Partnership with established business partner certainly has its own added value. When the joint venture met with hard times, maybe he could become a backrest for the financial problems experienced by the joint venture. In addition, stable financial condition of the business partner will make you a little more quiet, because the chances of fraud utilizing money effort undertaken by the business partner less likely. However, you should always remain alert.

5. Communicative (mutual sharing)
Cooperation means mutual elements can build businesses to a greater extent the better. Sometimes on his way, the shared business encountered various problems and constraints which must immediately look for a way out. Therefore, the tangle of communication between business partners become indispensable. A good business partner will always be open to sharing information and discussion to reach a mutual agreement. Business partners who are willing and communicative sharing each other will make the joint venture has always been in a situation that is “clear”.


Error in finding business partners


This is based on my experience. In the past, in search of business partners there is one thing that makes me can not thrive or even fail completely. The cause is because of the people I invite collaborating not I consider it done. I did not choose the best people as business partners. As a result my effort pioneered such expectations to develop hard, even a total failure.

There have been many attempts do I get into my family studied since up to now, there are successful and others fail. My principles, with the number of businesses that I get into, I'd get a wide range of experience and a lot more good fortune, of course. Sometimes some businesses I can't hold my own, I have to rely on other people that I know well. With based on the spirit of worship each other and help each other, I prefer friends or relatives who do not have a job. I just chose those who have a lot of free time so that could be my business partner in full, rather than experience or their willingness to come forward who became my primary choice. Here are the main points of my mistakes in the past.

Business partners are not employees, he is more of an employee because of the survival of the company depends very much of it, that's the definition of a business partner for me. If the person has a responsibility to the company's survival is not an experienced person, let alone the less have a willingness to learn and progress, the downfall of the effort only a wait time.

If you would like to search for business partners, search for the best person in that field. Look for business partners who can fill your weaknesses, it's nicer. Give a clear limitation on the rights and obligations of any person. Give a clear target on your business partners and the risk of what you will be loaded to it if the target it failed to reached. Another one that deserves scrutiny, control of the company that you build must remain on you. All decisions and strategic policy should be in your control. Don't get full control of companies in your business partner. Remember, to be able to run a good ship with only required one man operators. May be useful.

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