Finding a right business partner plays a pivotal role in deciding the direction in which your Startup would be heading. A business partner could be the biggest asset a company could have or the greatest burden. The purpose of these slides is to reinforce the importance of finding a right business partner.
2. • Finding a right business partner plays a
pivotal role in deciding the direction in
which your Startup would be heading.
• A business partner could be the biggest
asset a company could have or the
greatest burden.
• The purpose of the slides that will follow
is to reinforce the importance of finding a
right business partner.
3. The Million Dollar Question: Do you
need a business partner?
• The answer to this question is yes if anything
of the following are true.
If you lack expertise in a certain field. There
are many aspects in a business and they are all
equally important in the running of a
company.
If you work better in a team. If solitude
enhances your work output, Good for you.
Well, if doesn’t, you’d better have company.
4. What to look for in a Business Partner?
• Few things you need to look for in a business
partner.
The Trust Factor Trust is what forms the
foundation of any relationship, more so in
case of a business partner.
Someone who you know for a long time and
who you trust explicitly would be the best bet
for your business partner.
5. Talent
• Choose someone who is talented
and is adept at the work you’re hiring
him for.
• Someone whose wavelength of
thinking matches yours would be the
correct choice.
6. Sharing the same vision
• This is very important and
determines the direction in which
the company would be heading.
• Someone who envisages the growth
of the company in pretty much the
same way as you.
7. Complimentary Strengths
• Some one who compliments your strengths
and does not overlap too much with them
would be a good choice
• Suppose, you are good at the Technical
aspects of running a company, finding
someone who could help you with the
Marketing and the Financial aspect would be
sensible.
8. You are good as a team
• At the end of the day, how you work together
as a team is what matters.
• Some one who you get along well with and
who pays heed to what you suggest would be
the right choice.
• Choose someone with whom you could
envisage a future for the company.
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