Choosing the Right Business Partner for your Business. Live Stream #76.

Recorded 9 years and 9 months ago
Length: 00:17:26 • 2275 Views • Category: PEOPLE & BLOGS

Welcome to another show of mspinoLIVE. Today is our 76th LIVESTREAM TV Show and it is about : "3 CHARACTERISTICS OF A GREAT BUSINESS PARTNER". Finding the right business partner can make or break your business. Here's what you need to look for before getting together with someone. It's not easy to find a great business partner. Make the wrong choice, and your toxic partner will surely sink the business. That is why you can't choose an old friend simply because he's an old friend or a recently-met business leader simply because he seems to be a guru. I've worked with my current business partner Ryan Russo for over 10 years now, and we have a great working relationship. You have to know what to look for in a partner. Over the years I've identified the three qualities that I look for before I can feel confident about putting someone at my back. You can use the same criteria to determine whether or not your potential partner is destined to be a winner, too. 1. Integrity You must trust one another fully, without reservation. Together, you and your business partner may well find yourselves managing millions of dollars. People will also be counting on you to make good decisions, and to lead them in the right direction. Things can fall apart quickly if you ever start doubting one another's integrity. You literally need to be ready to trust this person with your life and the lives of all of your employees. You need to feel utterly comfortable with the idea that you could leave your business in your partner's hands for a week or a month without creating any major disasters. 2. Work Ethic As I explained in "3 Truths No One Tells You about Running a Business," you haven't known work until you launch your own business. So you can imagine the tension if either partner feels the other isn't carrying his or her own weight. Thus, it's vital for you to choose a partner whose work ethic is very similar to yours. You may even want to find someone who works harder than you--this will motivate you to improve your own work ethic in response! 3. Vision and Values You and your partner must be on the same page when it comes to the reason for your company's existence--the values that will guide you and the places you want your business to go. This will build the foundation for a strong company culture and will prevent you and your partner from working at cross-purposes. Take the time to have a conversation with your potential partner and see if you can come to some agreements. If all goes well, this conversation should be the first of many--it's important to keep checking in so that you can discuss the current state of your business and the future direction your company will take. A final word... Be sure to take a long look in the mirror before you start seeking a business partner. It will be hard to find the right person if you're not quite as trustworthy or diligent as you should be. Work on being the kind of partner you'd like to have. This greatly increases your chances of finding the perfect person to help you take your business to the next level. ***** TO READ THE ENTIRE ARTICLE... SOURCE CONTENT: An article from www.inc.com by Logan Chierotti, published on 3 November, 2014. LOGAN CHIEROTTI is currently the co-founder and COO of a top-rated reputation management firm. In 2010 he sold a consumer goods company and launched the reputation management firm because he saw the need for an online brand management company. The firm has over 10,000 customers after its humble beginnings as a basement start-up. Chierotti also has extensive experience in search engine optimization, business development, brand management, and tech startups. Click on the direct link below: http://www.inc.com/logan-chierotti/3-characteristics-great-business-partner.html And don't forget to: LAUGH. LEARN. LIVE AT YOU BEST....that's our LATEST slogan for the show... because we want to make you laugh every time you watch our shows... we want you to learn new things, new ideas, new strategies that will help you in your own life every day... we want that you live a better life ... WE WANT YOU TO LIVE AT YOUR BEST... you deserve it... we all deserve it... so why not start TODAY. We are very happy to bring this show to you and we are committed to make you LAUGH, LEARN & LIVE AT YOUR BEST. Feel free to reach out to us and if you or someone you know would like to be part of our LIVE show, give us a call, send us an email, chat on Facebook. Thank you for watching our show today and please, please , please share with the world. Remember, someone out there needs a word of hope TODAY. We are LIVE Monday-Friday at 12:00 Noon (EST) on www.mspinolive.com

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