I am successful as an Analytics consultant. I'm conservative but not so social. I'm a dreamer and see opportunity in everything around me, but O bet on those which I have great probability of success. I have taken the risk of quitting my job and invested in one of my ideas. I then realized the partner I chose ( a classmate of mine) is not upto my expectation and suffered as I have to hustle alone and his skills/willingness no where near to the business demand. After 1 year I am still in business (loss making) but able to take him out, now in dielamma who can I trust on? After this experience, I am weary of sharing the responsibilities of running this company. I'm seeking advice on choosing right partner / steps...Thanks for your time
You must be doing something right if you’re able to buy this partner out. That’s good you’re in that position.
Now, save yourself some future agitation by deliberately determining what you need in a partner. Take the following steps:
1. Determine what the business needs to succeed (money, marketing/sales, operations/services, etc.)
2. Honestly consider what you do best and what you like to do (not necessarily the same thing)
3. Honestly consider your shortcomings and those things you detest (again, not necessarily the same thing)
4. Use that shortcomings/detest list as your starting point for identifying criteria for a partner
Another route would be to step back even further and ask yourself if you truly need a partner right now. Can you work solo for 6-18 months and get your own traction with some clients? That experience will likely further underscore what duties might be better handled by someone else.
Answered 8 years ago
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