Just like the old saying goes: two heads are better than one, right? When it comes to entrepreneurship, that might be true – having a partner means you have someone as a sounding board, perhaps complementary skills or even much-needed financial support. But, in the case of a poorly established and managed partnership, it could also be the reason your business fails.
When deciding if the person you are thinking of going into business with is a good partner, ask the following:2. Do you feel comfortable challenging them on something you don’t agree with?5. Are they as passionate about the business as you are?8. Are you on the same page about the business?In South Africa, a partnership is fairly easy to set up.
You and your partner will go into this with the best intentions, but you need to think of future scenarios that could be unpleasant. Think about and agree on how you would manage these situations now while things are good between you rather than trying to figure it out when there is tension in the business.
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