Business Plan Partnership

Leverage this, grow it and drive new business opportunities!

Business partners often start businesses together with little planning and few ground rules.

That is why it is critical to vet out the potential partner as much as possible during the discovery period as the overarching goal is to produce a mutually beneficial relationship, while fulfilling the objectives and missions of each organization involved.

Taking on business partners should be reserved for when a partnership is critical to success — say, when the prospective partner has financial resources, connections or vital skills you lack.

You may be better off hiring the other person as an employee or an independent contractor.

You must be able to connect to feel comfortable expressing your opinions, ideas and expectations.

If you haven’t worked together previously, test the partnership out by tackling a small project together that showcases each other’s skills and requires cooperation.

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