Planning to Build a Start Up Choosing the Right Business Partner

Planning to Build a Start Up Choosing the Right Business Partner

Find your business partner this way
Becoming an entrepreneur becomes an option for many people, because it is believed that this can be promised financial freedom as well as freedom of time with family. More and more employees flocked to resign from where they work to establish a new business with brilliant ideas.

But sometimes many people are too hasty to make a decision to establish a business, so eventually have to folded. According to research conducted by John L. Nesheim written in his book entitled High Tech Start Up The Complete Handbook for Successful Creating New High Tech Company, possibly only 6 out of 1 million ideas for high tech business that ultimately managed to go public.

In addition, there are various causes of start-up not last long one of which is wrong in choosing a business partner. Then how to find the right business partner?

Planning to Build a Start Up Choosing the Right Business Partner
1. Required Strong Chemistry

 

Having strong chemistry is usually necessary in choosing a life partner, as well as choosing a business partner. This does sound strange, but if in the beginning you do not click with your business partner candidate it will be difficult to proceed to the next stage.

2. Have a Vision of Mission in Line

 

Vision and mission is the forerunner of a start-up stand. Not just in business, all aspects of life require a clear mission vision. So choose a business partner who has a vision of mission in line with you, if the vision of your mission with the partner has been strong and complementary, your business will grow brilliantly.

3. See Track Record

 

Everyone has a track record whether it’s good or bad, and one way of identifying a person’s character is by looking at his track record. Not everyone who is bad in his past can not be good in the future, but if there are experienced and have a good track record why not chosen? Building a start-up requires a reliable and trustworthy partner that your business can grow exponentially.

4. Showing Commitment and Consistency

Planning to Build a Start Up Choosing the Right Business Partner

Try asking for help to your prospective business partner to help you complete the small project you are working on, before actually pioneering a joint venture. See how he works, if he shows his commitment and consistency do not hesitate to choose him as your partner.

5. Make the Black Rule Above White

 

Not enough just to see the track record and how it works? Make a letter of agreement and the rules that will be followed later in writing. Man is the wrong place, if you find your partner today is a person you really believe then suddenly in the end is not as expected, you will surely feel disappointed. To avoid the things that are not desirable then make a black rule on white is a must.

6. Shared Responsibility Should Be Clear

 

Sometimes in the beginning of building our business will be demanded for multi tasking. But even so you and your partners must know the boundaries in doing their respective tasks so that they will not collide with each other. Make the division of responsibilities clear and transparent so that work can be completed as quickly as possible.

7. Accepting Criticism

 

To build a solid business requires humility. You and your partner must discard each other’s ego and accept each other’s input. If you do not create these conditions then your business will not move forward. Try to see from various angles, then you will realize that criticism is something that builds.

8. Has a Working Ethic

 

A strong work ethic is needed for companies to foster high morale. If your partner has it, then keep it! Discipline in work is a good role model for all employees, if you and your partner apply high discipline then believe your business will grow with a structured.

Finding a business partner is not an easy thing but if you have run these ways then, congratulations! because you have