A business partnership can be a wonderful thing. Partners can bring expertise, contacts and capital to the table. However, like a marriage, the partnership can end up as a tumultuous relationship and poison your business. What are some warning signs of a potentially bad partner?
- The Cash Grabber: Upon setting up your partnership, you hopefully agreed on the amount of money you'll take from the business. Partners who drain all the cash from the company can put the business at great risk making the company unprepared for any rough times.
- The Unmotivated: This type of partner is all gung-ho when the business starts up. As time drags on, they become less motivated and drain all the chances of the business succeeding.
- The Unagreeable: A partnership is a two way street. There will be many times there will be disagreements. Yet, this partner never attempts to see your side of the coin. They are always right.
Starting a company can be a rewarding experience between partners. Before you embark on the partnership route, do due diligence to find the perfect match.
Comments
Comments are closed for this post.