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7 Tips for Choosing a Right Business Partner
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[QUOTE="Suba, post: 309035, member: 3658"] When managing a business, businessmen often need partners to work together to run a business. Business partners will also provide benefits to the business/company, such as complementing each other's lack of leadership in managing and running the business, increasing sources of funds, at least as a discussion partner when the business encounters difficulties. Finding the right business partner and being able to work together is not easy, if you choose the wrong partner, it is likely that the business will be destroyed, therefore a businessman must consider many factors or criteria when choosing a business partner. Here are some tips/criteria for choosing the right business partner to manage your business. 1. Common Vision and Mission Business partners must have the same vision and mission, so that managing the company can run smoothly, 2. Have an entrepreneurial spirit A partner who has an entrepreneurial spirit will not give up easily and will have many alternatives to solve problems. Partners must have the same commitment to manage and build a business. 3. Do Desk Research Desk Research means conducting research on the company profiles and capabilities of potential business partners, so that the two companies will be able to synergize well and collaborate more productively. 4. Financial Conditions of Prospective Partners Make sure the financial condition of the prospective business partner is good, before deciding to sign the cooperation. 5. Open Attitude to Criticism Make sure to get a business partner who can control his emotions and is open to suggestions and criticism, so that during discussions you can quickly solve problems. 6. Responsible and trustworthy Apart from partners having a high work ethic, they should be responsible and trustworthy. 7. Have extensive relations' Ideally, business partners have extensive relationships/networking, so that it is possible to collaborate with many parties. [/QUOTE]
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