Business Partner
Five Basic Tips for Choosing a Business Partner
If you already have clear what kind of undertaking that you will make, it’s time to give you the following question:
Do I need a partner for its own account or can I carry out my enterprise?
This is perhaps one of the most common and difficult questions to answer, but many people do not give the importance it truly deserves.
Know if we need a partner or not depends on factors such as size and type of project, our management capability, past experience we have in business projects, technical expertise, creative skills, financial liquidity, among many others.
If after a thorough analysis has concluded that you need a business partner, so now the first thing to know is that a good business partner does not define the level of friendship or consanguinity.
Who would not want to have the partner your best friend (and I do not mean the dog), Read the rest of this entry »
I Need a Partner or Employee
This is one of the great dilemmas of an entrepreneur: to launch the project with some guarantee of success, I can do it alone or need anyone else. Not only that, if I think they need anyone else, should be a new partner or an employee.
There are many examples of big companies that started its journey with a single partner, from companies like Google to corner bars. But there are also a founding partner only, such as Facebook or Apple. So apparently you can create a single company, but …
What should we think to know whether or not we can throw themselves into the pool?
First I think that one should always have someone who is close to the company, and that decisions are taken among several can be falsified and therefore have a greater foundation. But also keep in mind:
- I have or I have no knowledge or skills sufficient to launch the project on my own. Read the rest of this entry »
Tips About your Business Partners
If your business require you to require the participation of partners who contribute capital or experience, but like everything in life, you should consider some tips for the new company does not become a nightmare.
Learn these tips on your business partners
1. Do I need partners?
There is a saying that goes: “Better alone than in bad company”, therefore, before seeking partners, discusses whether it is really needed help or if you can make up this work with an outside professional.
2. The court orders
When you decide to have partners, makes it clear in writing who does what, how each one brings to the project and how to share the benefits of collaboration. Take avoid surprises.
3. Responsibilities of the partners has
It is also important to agree the responsibilities that each party bear against possible contingencies.
4. Be set as output
Everything has an end, it makes clear how it will exit or end the agreement. In that sense, negotiate in advance what the parties will use the results of the joint. For example, if a new product or service, how you use each one independently.