What qualities should one look for in a business partner?

k2h2

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Share your opinion.
 

Raj Kesu

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The qualities you must look for in a business partner would be the same that your potential business partner would be looking for in you.
 
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Flexibility (but not too flexible that it smoothly twists around and bites you in the nape!)
 

RoyDanino

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Trust is #1
If they know something I don't - amazing.

I recently started discussing a new project with a talented analyst with no experience in IM mainly because he can provide fresh ideas and inputs in areas he have no experience in, while carrying his weight in areas he has more experience in.
 

Hunows

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You have to be COMPLETELY DIFFERENT PERSONS. If you and your partner are in the same boat with the same knowledge level - this will cause stagnation in the business. Even you will argue on many things, only arguing makes problems solved. And also, look for partner who are clever enough and willing to learn if he/she doesn't know something.
 

Topiano

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The qualities you must look for in a business partner would be the same that your potential business partner would be looking for in you.

Palindrome ! Now I get it
 

k2h2

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Trust is #1
If they know something I don't - amazing.

I recently started discussing a new project with a talented analyst with no experience in IM mainly because he can provide fresh ideas and inputs in areas he have no experience in, while carrying his weight in areas he has more experience in.
Trust is very important just like number one quality in life partner.
 

rickaloben

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Trust and energy levels i.e enthusiasm. It does affect your business if your partner does not have the same energy level as you, it will misbalance
 

k2h2

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Trust and energy levels i.e enthusiasm. It does affect your business if your partner does not have the same energy level as you, it will misbalance
That energy balance is hard to match.
 

Raj Kesu

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What you look for in a business partner ? That also depends on what business you are doing or intend to do. For example, when my brother is looking for a business partner, he makes sure that the potential business partner has completed atleast 1 year jail term for aggravated assault and has hands on experience in usage of firearms. So, it also depends on the type of business one is doing or intends to do.
 

MisterF

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Trust and energy levels i.e enthusiasm. It does affect your business if your partner does not have the same energy level as you, it will misbalance

You could also add to this what is it you're wanting from the partnership.

Traits: honesty, loyalty and trust plus good communication.
 

Tribune

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Besides all the character traits mentioned here you should look at the incentives as well.
This can determine how focused he will be in your partnership.
That means: Is he dependend on the success the same as you are? Or will he profit from your partnership the same way?
 

k2h2

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Besides all the character traits mentioned here you should look at the incentives as well.
This can determine how focused he will be in your partnership.
That means: Is he dependend on the success the same as you are? Or will he profit from your partnership the same way?
Yes both partners should be rewarded.
 
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