If you’re entering into a business partnership, it’s very important for you to choose the right person. The future success of the company may depend entirely on how well the two of you can work together.
To this end, compatibility is very important. You need to work with someone that you can genuinely get along with because you’re going to be spending a lot of time together. You also want to find someone who has a similar goal or a similar vision for the company. This way, you’re actually working together and you won’t feel like you’re working against each other.
They shouldn’t be your doppelgänger
However, you don’t want to choose a business partner who is so similar to you that your skills become redundant. This makes the company weaker because you have a smaller range of skills overall.
For example, perhaps you are an extrovert and do very well with networking or sales. You can use your people skills to help advance the business. That said, you’re not as proficient at the technical details of running the company or the creative process of coming up with new products.
If you find a business partner who is also an extrovert with great people skills, the two of you may feel like you are similar and compatible, but your business is simply lacking important elements. You’d be far better off working with someone who has a creative vision for your products or a detail-oriented individual who can handle the complex technical aspects of setting up and running your business on a day-to-day basis.
Creating a business partnership
Do you believe that you’ve found the right business partner? Even if you think the partnership is going to go smoothly, it’s still important to take the proper steps when establishing your business, such as drafting a partnership agreement so that you have an official contract. Be sure you know what legal steps to take at this time.
