business · 22/09/2021

Tips for Choosing the Right Business Partner

Tips for Choosing the Right Business Partner – In starting a new business, our partner will ask several people to help us develop and run the business. Here are some tips that you can do and apply in the business world

Make sure your vision and mission are the same

Since the beginning of discussing the business that you want to build together, you must ensure that the vision and mission of all involved are the same. It’s like wanting to build a house, it must be clear what type of house you want, how much building area is needed, to what kind of design is expected by all residents of the house. Don’t let you imagine a simple one-story house with a large yard, but your partner wants a three-story house with a garage that can fit many vehicles.

You have to do this discussion of the vision and mission and finish it as soon as possible so it doesn’t interfere with business management, starting from the financial, operational, to marketing aspects. Because, for example, yes, you and your friends want to do a food business. Surely the management is different between the delivery-based fast food business and the fine dining restaurant business.

Tips for Choosing the Right Business Partner

Choose friends who are serious and have a passion for business

Having serious business friends and having a passion for business is very important. Those who are serious will consider everything from A to Z and are ready to dedicate themselves to the business you build. Meanwhile, passion will make the business you live more “live” or not rigid and can continue to innovate. Both of these things can ignite the desire to run a business to the fullest. In the end, you and your friends will also benefit because your business is successful and can continue to grow.

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Choose Friends Who Have Special Skills

Don’t just choose a business partner just for the reason “this is my best friend” or “I want to build a business with my best friend”. Actually, there is nothing wrong with doing business with friends. But don’t let that be the only reason. The best business friends are those who have special skills that are different from yours, and can perfect your business skill set. For example, you who have just graduated from hospitality studies have aspirations of opening an inn business with a bed and breakfast concept. To support a business plan, you certainly need a good marketing and/or financial strategy. You can invite friends who are good at marketing, who are interested in your business idea.

Choose Friends Who Want to Commit

Business matters are not just starting, spending capital, undergoing, then success and profits will just come. Between living and success there is an invisible gap, namely a challenge or problem. If you make it through, of course your business will start to succeed. But if not, you must be prepared to face failure. The commitment of you and your friends who do business together is important to face various challenges and failures that are sure to come. In addition, commitment is also important so that you continue to survive even though you are faced with problems.