Finding a good business partner is difficult. Many business projects end in failure due to disagreements between partners. However, it is much easier to achieve high results in a team of like-minded people than if you act alone.
Priorities and values
Each person has his own set of values, he independently sets priorities for himself and singles out the most important ones for himself. Before you find yourself a business partner, you need to decide what is most valuable to you, what priorities do you put above all else? It is extremely important to find common ground with your partner. In the work ahead, you may have many disagreements or even conflicts. Remember that most of them do not happen because some of you are wrong, but only because you attach different meanings to certain things. Look for a partner who shares your views and has common priorities with you.
common goal
A common goal is essential to a good partnership. You and your partner should be clear about what you are aiming for by creating a joint venture, this will help you avoid conflicts of interest. A simple desire to make a profit cannot serve as a common goal. Partners may have different ideas about profit, its size, distribution among shareholders, etc. Be sure to find out if you have a common goal with your potential partner, find out what he wants to get from a joint business. Working together blindly without discussing joint actions is shortsighted. Such a business will almost certainly end in failure.
Dedication
Commitment to achieving a goal can also affect the productivity of collaboration. If you are ready to work 12 hours a day, and your partner at the same time devotes only 5-6 hours to a joint business, a conflict situation may well arise between you. You may feel that your partner is not fulfilling their obligations properly. He, of course, is not obliged to work exactly as much as you do, but between you there should be mutual understanding and constant productive communication regarding your common cause.
Cooperation period
No matter how interesting and profitable the common business may be, the personal interest of each of the partners almost always prevails over the general one. You must be prepared for the fact that one of the partners will go out of business, for example, for independent further development. When choosing a business partner, agree in advance with him about the goals and time horizons of your cooperation. This will allow you to agree on a clear plan for cooperation, as well as prepare a strategy for dividing the business when all of your goals are achieved. This approach to choosing a partner will save you a lot of time as well as moral strength when it comes to completing a common project.
