If you believe that your company will be better off with some partners, then let no one stop you from following what is inside your heart. However, you will have to include the facts into the equation as well. You must not allow yourself to be blinded by your heated desire to become successful. Thus, treat this source as your guide.
First, you have to schedule a meeting your lawyers. It is your responsibility to discuss to them the partnerships that you have in mind. If they approve of the people that you have in your list, then you can already screen them one by one. Do this weeks before you talk to your prospects so that you will have the smooth flow that you have always wanted.
Second, you have to make sure that you have the same goals with your potential partners. Otherwise, there would certainly be occasional clashes among all of you. That is something that you would have to prevent from happening no matter what happens. Thus, try to choose people you know as much as possible.
Third, be sure that your candidates are not lazy bums. You might make them your business partners but that does not mean that they can already slack on their work. They have to withhold the vision and mission of your company. Otherwise, they are not worthy of your trust.
You would also have to agree with a lot of things outside your business. These people would just need to be your almost exact replica. Otherwise, your employees would not obey them and there would only be chaos in your workplace. Organization would be lost which is actually an important characteristic in a company.
If you want to turn your family member into your partner, then you are free to do so. You definitely have nothing to lose in that set up. You can train your loved one in a regular basis since you both live in the same house. You can also count on this person to never fool you since you know you know him or her well.
On the other hand, you should not be afraid to give a sanction to your partners if ever they have committed something wrong. You must be able to treat them the way that you handle your regular employees. Otherwise, they will think that they are completely entitled to a special treatment even if they are not.
However, you must be lax with your business partners. You should not keep them on a tight leash all the time. They are also human beings which may not be in equal with you but are needed to be treated the right way as well. This is the perfect formula that you must be able to follow.
Lastly, have an exit plan for yourself. As rude as it may sound, it is a requirement for you to always have a back up plan. This would save you if ever your partner runs away with all of your profit and money.
First, you have to schedule a meeting your lawyers. It is your responsibility to discuss to them the partnerships that you have in mind. If they approve of the people that you have in your list, then you can already screen them one by one. Do this weeks before you talk to your prospects so that you will have the smooth flow that you have always wanted.
Second, you have to make sure that you have the same goals with your potential partners. Otherwise, there would certainly be occasional clashes among all of you. That is something that you would have to prevent from happening no matter what happens. Thus, try to choose people you know as much as possible.
Third, be sure that your candidates are not lazy bums. You might make them your business partners but that does not mean that they can already slack on their work. They have to withhold the vision and mission of your company. Otherwise, they are not worthy of your trust.
You would also have to agree with a lot of things outside your business. These people would just need to be your almost exact replica. Otherwise, your employees would not obey them and there would only be chaos in your workplace. Organization would be lost which is actually an important characteristic in a company.
If you want to turn your family member into your partner, then you are free to do so. You definitely have nothing to lose in that set up. You can train your loved one in a regular basis since you both live in the same house. You can also count on this person to never fool you since you know you know him or her well.
On the other hand, you should not be afraid to give a sanction to your partners if ever they have committed something wrong. You must be able to treat them the way that you handle your regular employees. Otherwise, they will think that they are completely entitled to a special treatment even if they are not.
However, you must be lax with your business partners. You should not keep them on a tight leash all the time. They are also human beings which may not be in equal with you but are needed to be treated the right way as well. This is the perfect formula that you must be able to follow.
Lastly, have an exit plan for yourself. As rude as it may sound, it is a requirement for you to always have a back up plan. This would save you if ever your partner runs away with all of your profit and money.
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