5 traits to look for in a new business partner

There is no doubt about it, one of the most difficult things for entrepreneurs to do is choosing a new business partner when the time comes to expand or move into new territories. After all, it’s like entering into a marriage of sorts, so it’s important to try and get it right first time around. Here are five traits to look out for when trying to find that new partner in your business. Firstly, it all starts with trust - you need to be convinced that this person is trustworthy and can be relied upon at all times with all aspects of the business. Secondly, do they come to the party with the skills, strengths and knowledge that you lack - do they have something valuable to offer. Thirdly, do they possess a great attitude to working hard to make the business succeed. Fourthly, is their personality compatible with yours - trust your initial gut-reaction here! Finally, do you feel they will be supportive, in good times and bad. Ultimately, it’s a personal as well as a business decision, and it’s one that needs to be right for you and the business.