Do You Have the Right Business Partner?

The founder of KISSmetrics, Neil Patel will be on Startup Istanbul Scene. **Get Your Early Bird Tickets **to join us on the 30th of September.

Key Insights

When you’re starting out a company, the most important thing is to find the right business partner. It is important to fill a gap in skills or to find extra money. If you can make the right choice, you’ll have a beneficial impact on your business. A good partnership requires:

• A shared vision and goal
• Mutual hard work
• Open communication
• Mutual respect
• A balance of power
• Effective conflict resolution

Further Perspectives

Neil Patel calls partnership as a marriage and also gives good advises such as:

• Have a good contracts without clauses
• Vest shares
• Pick opposites
• Make sure they’re financially stable

Looking Ahead

Before finding a partner just think about your personality traits. Then choose a partner who complements your skills, not duplicates them. You have to decide what kind of skills your partner should have.

For example if you run a internet company, it important to find a programmer as one of the founders. Try these places to find partners online:

• TechCoFounder
• FounderDating
• CoFounderslab