Traits of a Good Business Partner
Going into business for yourself is challenging enough when you consider the processes, the financials, and personnel issues. You’ve enough on your plate seeing your patients and running a business. What you don’t need is a lousy business partner who causes you enormous headaches and takes more than they contribute to the practice.
Picking the right business partner is one of the most important decisions you will make as a business owner. Most of the issues can be identified early in the process of selecting a partner. The key is knowing who they are, performing your due diligence. Picking your business partner and life partner are serious decisions that should not be taken lightly nor nonchalantly. Even though you’re excited about the venture, keep in mind that it too, like a marriage, can end in heartache, lawsuits, and even bankruptcy.
Before you sign on the dotted line and join forces (and assets) with someone, consider the values, goals,...
