The Dos and Don’ts Of Finding The Right Business Partner
Scaling a business is no small feat.
The temptation is to expand into new markets, add product lines or acquire a business. But you’re already overloaded.
It’s frustrating, but scaling doesn’t have to be achieved alone. The right strategic partner provides capacity, capital and capability.
However, not all partnerships deliver — often down to poor alignment, communication, undefined parameters or conflicting priorities.
So where do you start?
☑️ DO properly vet potential partners — have transparent conversations re capabilities, ethics and vision to ensure alignment. Shared mindset and complementary abilities are key.
☑️ DO define roles, responsibilities and decision authority upfront. Ambiguity invites conflict later. Address tough questions early.
🛑 DON’T neglect communication, even when smooth sailing.
🛑 DON’T underestimate changing direction if things unravel. Articulate ‘plan B’ from the start, just in case.
#NextLevelGrowth #ExitLaunchpad #M&A
