Think through what your expectations are of those you will be delegating vital tasks. It will be your responsibility to create the right working environment for your team.
Payroll employees are not going to take your branding as seriously as you do. Discuss your payroll plans with a CPA so that you understand compliance and costs.
– Wall Street Journal If you think you have a great business partner, begin rigorous talks about talking. Collaboration will sometimes feel like losing and often feels like compromise.
If you and your partner are narrow in your perspectives, collaboration will be very challenging.
While sometimes this means you have to “fire” team members, it usually only means that each person must learn how to effectively communicate with other team members.
Business partners often start businesses together with little planning and few ground rules.
Once you have worked through this article and gathered what you need, take a look at some helpful suggestions to help you polish a presentation for lenders and investors. But clearly you seek to be an entrepreneur in a specific industry because you feel you have what it takes.
Take some time to make sense of what qualifies you to run a business. It may be helpful to create and/or update your Linked In profile for this portion of your business plan.
Make sure to ask yourself if you need a business partner. If your reason for partnering with someone does not fall into one of those categories, you might be trying to work with someone you feel obligated to. For example, married couples often go into business together as partners simply because they feel obligated to helping their spouse. Commit yourselves to an ongoing process of improved collaboration.
If both of you are not 100% on board, you may be putting a business (especially if you are going into business with family and friends). If you plan to hire employees, consider how you will mentor them into each role you need filled.