How to Safely Partner with Someone Else



How You Safely Partner With Someone Else

“Getting a partner in business is like getting married but without the sex.”

  1. Don’t ever go into an official partnership immediately.
  2. Write a letter of intent.
    1. Start with 30-90 days
    2. Outline expectations of each person including hours worked and money invested.
  3. If it is working, move to a partnership. If it is not working, walk away friendship in tact.
  4. After the trial run, make an agreement with an attorney.
  5. Sometimes you’ll get lucky with a great partner; other times it may take several tries to find the right fit.

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