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Key Takeaways The right business partner multiplies your strengths; the wrong one multiplies your risk.
Thoroughly vet character, values and behavior before partnership — ignorance is the biggest liability.
Steve Jobs had Steve Wozniak. Warren Buffett had Charlie Munger. Larry Page had Sergey Brin. Some of the most successful people in the world owe their success to the partnerships they forged along the way.
Finding the perfect business partner is one of those fast tracts to success I love to talk about. In the case of a perfect business partnership, 1 + 1 = 3. What this equation is trying to say is that when two people join forces, that partnership’s potential success can be significantly greater than the individual accomplishments of each partner.
But while partnering is one of the fast tracks towards success and wealth, it is also one of the fast tracks to failure or bankruptcy. Choosing a bad partner can create havoc with your financial and personal life. Bad partnerships lose money, find themselves in litigation and destroy marriages.
Questions to ask that will help you find the perfect business partner
So, how do you go about finding the right business partner? Below are some questions to ask that will help you identify potentially good business partners:
Is your potential partner honest?
Is your potential partner humble?
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