WARNING! 3 THINGS ENTREPRENEURS WISH THEY KNEW BEFORE MAKING IT OFFICIAL WITH A BUSINESS PARTNER.
- An unwritten understanding regarding your roles
You might have your roles and responsibilities highlighted, the vision clearly defined, following all the rules in the book.
Yet the one thing that’s never spoken about or considered is that the start of a project is a colossal journey of unforeseen events and circumstances, where trail and error is a norm.
Attitude and feelings form part of the unwritten and informal laws that challenge the success of a partnership, it is not contractual that your partner has to be happy and positive about things.
This is where partnerships are tested and according to Forbes, the breaking point comes after much endurance is applied and unforeseen circumstances simply drain your energy and willingness to continue.
- Measurable commitment to the project
At the start of a project, there is a shortage in human resource and a lot of responsibilities, there are tasks that you know you must complete, and orderly account to each other as equals.
This is a scenario that needs a system that goes beyond words and personal assurances regarding the progress of the project, you need a track and report system that you all respect and diligently touch base with, within specified times.
This way none of you has the added responsibility of making sure that the other one is on track and the frustration that comes with managing an adult.
We recommend the use of sites like Trello.
- Background and lifestyle
What is your attitude and behavior towards success? relative to the work that you have been putting in, you might catch a breath of success, yet the reality is, maintaining success is where the hard work really is.
The fail and doom of most are that while one person understands this, the other goes into full-on indulgence mode, affecting the consistency that you imperatively need to survive.
A clear understanding of what landing your first client means is essential to your success.
We recommend the use of KPIs as a guaranteed metric for evaluating consistency.
By: Kedibone Mphethi (Content Creator)