Principles of Partnership
The principles of partnership in business are one of the most important topics that have been common among people since the past. The main reason for partnership in work is that usually the parties alone are not able to do the work or cover the expenses of the business.
In this situation, two or more people agree with each other that everyone will take part of the work and expenses and start their business with each other’s help. Choosing a business partner is very important and affects our life as well. Starting a new business or developing it can have many positive and negative effects in our lives.
On the other hand, having a good business partner can make us more successful than when we were working alone. For example, suppose we have set up a production workshop and we are going to share the work with our business partner.
If we undertake the executive work and our partner manages the raw materials and financial fund and can optimize the company’s expenses and increase the income with his/her own efforts, our capital has automatically increased without being involved in financial and become administrative.
Characteristics of a Good Business Partner
1. Presence of Additional Skills
The most important factor for the success of a business partnership is the presence of complementary skills in the team and having a business background. This skill helps us not to worry about the lack of experts in our team.
At the beginning, some businesses try to outsource the skills and work they need, which incurs a lot of costs at the start of work, and these high costs can cause the business to face problems.
Having a team with complete skills helps to create different and complementary roles in our team and increase people’s responsibility.
The reason for increased responsibility after labor and capital partnership is that we have specific expectations and duties from our counterpart, and with this work we can make appropriate assessments at the appropriate time.
2. Mutual Respect for Business Partnerships
When there is respect between business partners, we can see the success of the company and the organization. But when the smallest problem, whether moral, financial, etc., occurs between the partners, the situation of the organization becomes different, and the continuation of this situation can put the business on the downhill slope.
Many entrepreneurs in finding the right partner for business say that if we don’t find the right person around us to partner in work and capital, it is better to work in an organization for a while and among the people who work with us, those find those who have the right characteristics for partnership and enter into a business partnership with one of them.
3. Being Like-Minded and Eager to Partner in Business
Being of the same mind for business partnership is one of the most important principles of partnership and one of the issues that cannot be easily understood. Experience has shown that in order to get to know the characteristics of a person better, we should enter into a friendly relationship for a short time and try to talk about business issues with him. This work helps to know his morals and characteristics better.
So, until this point of work, we realized the importance of a common goal in partnership and we knew that when starting a business, the goals of the partners should be the same or at least close to each other so that we can develop our business and have a successful partnership in a certain time.
4. The Importance of an Open and Flexible Mind in Business Partnerships
Let’s say we and our partner had an internet business idea that for some reason fails at the initial stage. But we know that by doing small things and changes, we can return to the market and expand our business. Flexibility is more important in technology companies than in other companies. Companies that have not been flexible in the face of today’s science have suffered major and irreparable failures.
Up To Sum
Starting and continuing a business usually requires spending a lot of time, capital and energy. Accordingly, the discussion of partnership in starting a business can reduce this challenge to a great extent. But the important point in this regard is choosing the right business partner. The right business partner can be recognized according to various characteristics. Such as: being like-minded and having complementary skills. In order to be successful in this matter, we must choose a business partner with an open vision and correct adherence to the principles of partnership.
