A lot of times as an entrepreneur you will have opportunities to partner with other like minded entrepreneurs to pursue your dreams together. When this arises, you have to be able to be the business partner that will enable both of you to thrive. Working along side people can be a difficult adjustment for some people. Here are a few tips to help you be the business partner you want to be:
Agree on your vision:
It is important that all business partners have the same vision when working together toward a goal. If you all are working in different directions, the business will virtually go nowhere. You have to equally want to put in the efforts necessary to reach your short and long term goals.
Understand the commitment you are making:
When you venture to a new business with someone you have to understand what the commitment entails. You don’t want to “commit” to something to later change your mind because the work was more than what you had anticipated. I see this a lot in the business that I am in now. People want instant gratification and success doesn’t happen like that.
Have compatible skills:
You don’t want to go into business with someone whose mindset and skill-set are completely different than yours. When someone wants to join business with me, I make sure they know what they are in for. If they are not willing to put in the time and if they don’t have the necessary skills that I am looking for, I don’t have time to do business with you. You can’t try to make things work with someone who doesn’t have any entrepreneurial skills whatsoever.
Listen and communicate:
When you have a business partner you have to listen to their opinion and discuss what they feel might be a smart decision for the life of the business. Even if you are the designated leader, it is important to keep an open mind.