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Find The Right Business Partner As A Woman

Mar 26, 2008
Business partners often spend more time together with one another than their spouses. The relationship should start out slowly like any other relationship before making it concrete. To make anything successful, all angles should be checked out.

So how does one find the right fit? Do a little dating at first where there is not a lot at stake. Engage in some other forms of business collaborations, such as bidding on projects, subcontracting with another firm, or making mutual referrals.

It's a lot easier to find someone for these more limited risks than to find a full time partner. It may be that these forms of collaborating make you less profitable or require more time than financial gain, but in the long run your ultimate objective is to acquire a partner you really know.

The next step you need to do is sit down and discuss things you shy away from. These are items that are almost being pushed out of the way because you want to go into this thing with fervor. However, it's best to talk about any reservations that are being dimly experienced deep in your guts.

It's also a good idea to ask a prospective partner for permission to talk to someone he or she has partnered with in the past. If some say, "no way," that would be a bit of a red flag.

Another area often not thought of is yourself. It's a good idea to get your spouse or your friends to tell you whether you are good partner material. You need to examine your own potential strengths and weaknesses.

Most people are more comfortable with contacts they make either through referrals by colleagues or through contacts they make at meetings and events. Also, gatekeepers are often active participants in their professional organizations, so attending such functions is a good way to meet them.

Partnerships can sour at any time, for any reason. Certain events are common danger points; so don't let them surprise you. Beware of those listed here:

The company grows suddenly; A partner brings a spouse or relative into the business; Due to increased financial needs, a partner wants to take money out of the business; Partner A becomes touchier, introducing a new complication to the relationship.

Additional danger points are: Partner B has a tragic accident and the partnership changes; Partner A begins doing business on the side, making additional opportunities for herself, and violates her contract obligation with Partner B.
About the Author
Court teaches people how to develop a small business opportunity and helps people get the best results from their internet marketing company.
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