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Entrepreneur Network partners Jason Balin and Chris Haddon of Hard Money Bankers have been partners in the real estate business for years, so they know what it takes to create a profitable, amicable and long-lasting partnership. In this video, they explain what traits they look for in their business partners to make sure you don’t get yourself stuck working with someone who ends up hurting your business.
The first step? Make sure your goals are aligned. It doesn’t matter how much you admire or respect potential partners if they don’t want the same things you do. If they want to make a long-term investment, make sure you want that, too. Otherwise, you’ll have diverging agendas, tension within the company and a potential lack of direction.
Of course, the more partners you bring on, the more differing opinions there will be in a given room, but if you’re working in a one-on-one scenario, there’s no reason that you should need to butt heads on big-picture goals.
Watch the video to learn more.
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