Things to look out in a business partner?

[Henrywrites]

Partnership is one of the types of business where two or more people come together to see the growth of a particular business. Is there anything you look for in potential business partners? To me, I ensure I vet their past financial records.

 

[Heatman]

Honesty

It never get better than that. If there's no honesty, I'm not dealing with you.

 

[Henrywrites]

Honesty

It never get better than that. If there's no honesty, I'm not dealing with you.

So, basically your partner letting you know everything about the business is what keeps you in? What of financial might?

 

[Heatman]

So, basically your partner letting you know everything about the business is what keeps you in? What of financial might?

If the financial might is there and you're not honest, I won't get into partnership with you.

 

[Henrywrites]

If the financial might is there and you're not honest, I won't get into partnership with you.

You have a point because being dishonest can ruin a lot of partnership especially when the money involved is huge.

 

[Heatman]

You have a point because being dishonest can ruin a lot of partnership especially when the money involved is huge.

I know that for a certain. It's why I'm never going to take that chance.

 

[Demon_Skeith]

Trust, so you know you won't be back stabbed.

 

[Henrywrites]

Trust, so you know you won't be back stabbed.

Trust is a key element of partnership. You wouldn't even want to do any business with someone that you can never trust.

 

[Heatman]

Trust, so you know you won't be back stabbed.

A lot of people are not trustworthy today. It makes everything very difficult.

 

[Demon_Skeith]

A lot of people are not trustworthy today. It makes everything very difficult.

They (which makes me) a very rare thing indeed.

 

[Heatman]

They (which makes me) a very rare thing indeed.

They are very rare indeed. It's why when you see a trustworthy person, take him or her very seriously.

 

[Danny]

Partnership is one of the types of business where two or more people come together to see the growth of a particular business. Is there anything you look for in potential business partners? To me, I ensure I vet their past financial records.

Credibility
Honesty
Reliable
Accountability

These are very important in a business partner.

 

[Heatman]

Credibility
Honesty
Reliable
Accountability

These are very important in a business partner.

This qualities sums up everything you need in a good business partner. If you have them all in your partner, you're blessed.

 

[Danny]

This qualities sums up everything you need in a good business partner. If you have them all in your partner, you're blessed.

I won't take any that's short of one of the qualities.

 

[Heatman]

I won't take any that's short of one of the qualities.

It's hard getting all that in one person today especially when it's business inclined.

 

[Henrywrites]

It's hard getting all that in one person today especially when it's business inclined.

Very difficult to see such qualities in one person. It is better to have someone that is open to corporate with changes coming up.

 

[Heatman]

Very difficult to see such qualities in one person. It is better to have someone that is open to corporate with changes coming up.

Yeah, that's correct. Eventually, we would deal with whatever we can find and be on the look out like a hawk in the business to avoid being taken advantage of.

 

[Artisan Vistra]

One has to benefit the other and vice versa. It needs to be mutual and sustainable.

 

[Heatman]

One has to benefit the other and vice versa. It needs to be mutual and sustainable.

It's where you get in a fix when you're on board with a business partner that's selfish and greedy. He will always be looking for a way to cheat you in the business.

 

[Henrywrites]

One has to benefit the other and vice versa. It needs to be mutual and sustainable.

What would you say it is the most important factor though?