Business Partners can be a help to every business from start-ups to established companies. A Business Partner will:
- Bring additional or complementary skills
- Have ideas that when added to your own create new opportunities
- Provide support and motivation when times are tough
- Share the workload
- May have contacts and some funding to grow the business
When taking on a business partner it is sensible to have a business agreement so that there are no surprises and it gives a chance to ensure that both partners are clear about the direction the business is going. See: Business Partner Agreement help
I gave some tips on forming a business partnership last year which is still up to date, have a look at How to Avoid Business Partner pitfalls
It’s really a nice post related to business partners and their need. Business Partners are very helpful not only in terms of starting and establishing a business but also in the difficult phase of business. They are helpful in sharing workloads, ideas, support, and others need if they’re required.