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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.


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

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

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:

─ August 6, 2014