Deciding on a Business Partner

Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners.   These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.

In an article I wrote for examiner.com, I point out several criteria to look for when deciding on a business partner.  

My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute.

The top 4 criteria for what I believe makes a good business partner are:

  • Partners must be logical and unbiased in their thinking.
  • Partners must be equally passionate about the business.
  • Not all partners are created equal with respect to responsibilities, salary and work hours
  • There is no room for a partner who always says “I told you so”.  

And remember, the most successful business owners know their numbers.

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