8 Characteristics of Ideal Business Partners

"When the character of a man is not clear toto submit feedback easily. I know I have been in this
you, look at his friends." Japanese Proverbspot many times. This is when you got someone who
After you have made a concentrated effort todoesn't know the difference. A coder who takes
understand as to who you are, you are now ready toresponsibility to make sure that users will be able to
go out there and start looking for the right individuals tosubmit their feedback easily and quickly would have
partner with. This is a critical stage which will have aapproached the project differently. So make sure
substantial impact on achieving your goals. Over thewhen you are getting a partner who understands the
years I have either started or joined many businessbigger picture and is in line with it.
teams. There is a mental checklist which I run through5. Would you hire the person if it were a hiring
when meeting my prospective team mates for thedecision? This question allows you to look at the
first time. This check list is made up from my own pastperson from a different angle. Given that you know a
experiences and also Jim Collins view on whosubstantial amount of the person would you hire him
"The Right People" (courtesy are.her? When I get to meet people outside the
1. The person must share the core values of theworkplace say at my squash game or at a charity
business or organization. These are the values whichthat I volunteer at, you get to know a lot about the
determine how the organization interacts,individual. When I ask myself this question when thinking
communicates and operates to reach it goals andabout asking him/her to become a partner with me in
objectives. For example there was a charity projecta project it puts things into perspective. You begin to
for protecting the environment I was part of during mylook at the individual impartially and can reach a more
university days. There was a sales and marketinginformed decision.
director who didn't share the fundamental core value6. Does the person have a regard for rules, regulations
of compassion. He was in fact looking to profit fromand personal boundaries? I have learned this lesson
the project. Needless to say he didn't last very long inthe hard way as well. I came across what you call a
the team. This just goes to show how important it issuper star performer. He excelled at a lot of the
for you to probe and ask whether your prospectivebusinesses he had been at. So if it were a hiring
team mates core values are aligned to ensure thatdecision it would have been an easy one. However
you are all on the same page and headed for theafter working with him for a while I realized he had the
same goal.sense that he was above any level of authority and
2. The person should not need to bedid things which were ethically questionable when
"managed". When building your core teamsecuring contracts and sales. We started to get
you need to find those individuals who are confident incomplaints about his attitude from staff and customers
their own abilities. If you are the more experiencedand had to part ways. So when you meet a person
partner then most definitely you will provide somemake sure you get a sense of what his point of view
guidance along the way. However if you are findregarding regulations and boundaries are even though
yourself molding the individual into what you deem areeverything else may look to be in place.
the right behaviors then you have probably made a7. Professes a commitment to goals. When you are
mistake during selection. These types of individualsgoing into business you are looking for people who
who require constant support are draining and slowlyshare similar levels of commitment as you do to the
become huge speed bumps for the organization. Makeproject. If you don't pay attention to this aspect you will
sure you select those individuals who have shown afind yourself in an imbalanced partnership which could
capacity to operate on their own and have beenresult in permanently jeopardizing your project. When
successful at doing so.evaluating prospective partners look at their past
3. The passion to become the best at what they do.history and whether they were committed to the last
There was a IT company which I was a part of aprojects they were on. Ask them about some of the
couple of years ago which was developing inventorybig decisions they have had to make. Lastly if you are
management systems for the paper industry. Being aplanning to take him/her on as a partner make them
startup company we were naturally bootstrapping andcommit to particular goals and objectives and use
couldn't hire the best developers. However when fillingthem as benchmarks when performance will be
a key role for project management lead for the teamappraised.
we selected an individual who had shown great8. Integrity. This is probably the most critical yet most
potential during his university days and had greatelusive quality to immediately identify. A person who
passion for his line of work. It worked out really wellhas a high level of integrity will be one which will you
and the team flourished. So when you are making acan rely on and grow a successful business with. To
key decision and may be limited by budget orbe a good of judge of this characteristic however will
geographic boundaries do your best to fill the seat withtake time and experience. I take Jack Welch's advice
the person who has show the potential and willingnesshere that if your "gut" feeling about
to be one of the best in that field.someone is bad or you don't get the correct vibes
4. Understand the difference between a job andthen it is best to go with that first presumption unless
holding a responsibility. This tip has helped me greatly inyou are shown to believe otherwise.
making some key decisions in recruiting partners. SayBy running through this checklist I have been able to
you are going to be hiring a developer for a newselect business partners with a lot more subjectivity. I
website to collect feedback for your product. You gethope this list helps out anyone who is looking to start
the best coder in town to make it for you. He doesup a new project. At the same time if you or anyone
what you asked for but users are frustrated becauseelse has any key characteristics that they would like to
the website is difficult to navigate through or impossibleshare please do so in the comment section.