There’s power in numbers. For business owners and startup founders, having a partner to lean on is something that’s extremely important. With the right person in the fold, you can instantly increase your business venture’s potential and pave the way for new opportunities. But the flip side of that equation is true as well. The wrong business partner can wreak havoc on your business and threaten to deteriorate it from the inside out.
Bringing on a business partner isn’t something you take lightly. It’s not like going to the YMCA to play a game of pickup basketball and partnering up with the first person who looks like they have some game. There’s a lot of research, planning and due diligence that must be performed.