Businesses don’t always fail because of financial depression, having the right team and support plays a huge role in your businesses success. Sometimes you need to choose your support system correctly, have the right business partner that will contribute positively to the business.

12. You should have the same vision:

You start  a business with a vision and mission statement. knowing where you would like your business to be in a few years and what you would have achieved from the business in those years.

11. The same work ethic:

Success is a result of hard work and diligence.
Having the same work ethic contributes to saving time and working on a schedule. Knowing what your partner is about and how they get things done in a professional and orderly manner. Choose a partner that will compliment your work ethic and understands that there’s a time and place for everything. Choose a partner that can carry the weight for you when you are unable to.

10. Corporation is key:

You need a partner that is willing to corporate with the rules and regulations that you have set aside for the business. Someone that acknowledges their mistakes and doesn’t spend time on trying to prove that they are not wrong, that process hinders progress and the focus moves from the business to solving personal feuds. Get a partner that will corporate and work on making themselves better for the results to shine through the business

9. Be open minded to each others ideas:

You need a partner that will stand by you no matter what the case may be. Find a business partner that will in place of shutting your ideas down work with you to improve the idea or make it better than what it already is. A great business partner is open to trying new things and innovating the way that the business works. The best way to improve or Learn in  a business environment is through failure but, it’s always great for a  plan to succeed  when first tried.

8. Communicating partner:

Silence never got any work done. You need to communicate the right way to get the right things done on time. You need a partner that won’t do things without letting you know. Share your ideas and the way you are going to spend the companies income, doesn’t make sense to use money in areas that don’t need it and in turn not searching the expenses with your partner. Know what you are doing all the time to have the business flowing accordingly.

7. Have the same values:

When in an environment where you all have the same beliefs you get work done faster. You begin to value your time and the way things are done in the business. You understand what is desirable and what isn’t, you start having a system of doing things  and valuing the results that you get out of the business.

6. Your partner should be someone credible:

Your partner shouldn’t be shady. Having the right qualifications from a credible institution is important. You need to work with someone that know what they are doing and knows the business well. It’s also sometimes good to have a partner that’s been in the business before, been there done that and knows how to make it work.

5. Passionate about your business:

The main driver of  a business is the passion that you and your partner have for the business. Its great to be qualified in certain ares but, passion drives one to work towards success and beyond it. You can see it and feel it when someone is passionate about something, they eat it, sleep it and live it on a daily basis; your business is going to be your daily bread might as well make it your pride and joy and show people how passionate you are about it.

4. Have a goal reaching partner:

Have  a partner that sets goals with you and works hard to reach them and achieve them on time. This shows the passion that you both have and the ability to work with pressure and drive. Meeting targets accordingly to contribute to the businesses successes. Set goals to achieve greatness. A partner with no goals or visions has little faith in the business and what you aim to achieve.

3. Someone that has the necessary time for the business:

You need a business partner that has the time for the business, not someone that just invests their money into the business then comes back when the business reaps success. A silent partner only works for business that are already established and have a stable flow of income. When starting out you need a partner that you can communicate with at all times and that will be there when needed and not only when they can make themselves available.

2. Have a genuine interest in whats happening in your industry:

Have a partner that knows the industry well and is interested in making sure that your business is at the top of the industry. Someone that is driven to learn more about the industry and keeps their mind open to the daily changes that may take place in the industry. Your partner and you need to be on top of your game to be the top competitors of the industry.

1. Someone that doesn’t have a monetary point of view, more a valuable point of view:

Someone that has faith in the business wouldn’t only stick around when the business is making money. A great business partner sticks around regardless of what’s happening. Their point of view is balanced around improving the business and not on walking out the minute things aren’t going your way.

Choose the right partner to reap the necessary  results from your business.

Mbali Ntuli

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