Partnerships

5 Things to Consider Before Getting a Business Partner

How do you know if someone will be a good partner?
Contributor
Entrepreneur Network Contributors
2 min read
Opinions expressed by Entrepreneur contributors are their own.

Entrepreneur Network partners Jason Balin and Chris Haddon of Hard Money Bankers have been partners in the real estate business for years, so they know what it takes to create a profitable, amicable and long-lasting partnership. In this video, they explain what traits they look for in their business partners to make sure you don't get yourself stuck working with someone who ends up hurting your business. 

The first step? Make sure your goals are aligned. It doesn't matter how much you admire or respect potential partners if they don't want the same things you do. If they want to make a long-term investment, make sure you want that, too. Otherwise, you'll have diverging agendas, tension within the company and a potential lack of direction.

Of course, the more partners you bring on, the more differing opinions there will be in a given room, but if you're working in a one-on-one scenario, there's no reason that you should need to butt heads on big-picture goals.

Watch the video to learn more.

Related: How to Figure Out Job Titles That Evolve With Your Business

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon FireRokuApple TV and the Entrepreneur App available on iOS and Android devices. 

More from Entrepreneur

Jason's expertise and experience can help you with storytelling, motivation, and pitching your business to media.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.