Considering a Business Partner? Farsighted Warnings and Principles for Success

The health of business partner relationships can make or break a business.

Most of the time, your business partnership begins full of optimism. You have hopes for building a wildly successful business and you see many possibilities.

However, there will always be ups and downs in business and this is where those partnerships are truly tested. It’s easy to work harmoniously while things are going well, but business or personal challenges can cause relationship strain.

It's easy to find examples of very public falling-outs between business partners. In fact, data suggests the business partner “divorce rate” is as high as 80%! 

Ideally, you don’t want to be in a position where there are “irreconcilable differences,” so it’s important to work on building healthy partnerships in the first place.

Free download: Get my quick guide to business partner red flags here

What makes a “healthy” business partnership?

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