Just like how you try to find your soulmate, finding a perfect partner in property business is challenging. It is not an easy feat since humans are far from perfect in reality. However, it is not only about finding the most perfect human being.
What you need to find is the most ideal partner to run property business together successfully.
Partnership in property business is not something new. Lots of businesses choose to get them partner so they can share their burden and work together to achieve their goal.
Some people remains to work solo while trying their best to build their business empire in property industry. If you consider partnership, you might as well know how to find ideal partner for your own.
Identify ideal partners for successful business
People have different characteristics which make them unique in their own way. Differences don’t always mean bad. Compatibility is what you are looking for when trying to find the best partner.
Below are some tips for you to find the most ideal partner for long term partnership in property business:
1. Don’t be in a rush just because you find your first and second impressions are positive.
Even if you think you are suited for each other, you must know better that in relationship there is always honeymoon phase.
It is almost always easy to find someone so perfect in the beginning. However, don’t fool yourself because basically everyone likes to do their best especially in the beginning. Instead of rushing your partnership, it is better to give some times to get to know each other.
You can have coffee together and find out more about your potential partner such as their personality, their tendencies, as well as motivation to achieve success.
2. As mentioned earlier that differences are not always bad.
Even if you and your potential partner share the same traits, assets or strength, it doesn’t guarantee that your partnership will work out in the future.
Surely it will make everything feel comfortable. However, it also means that you both share the same weakness and no one can cover it. Therefore, it is better to find partner who has opposite qualities in a good way.
For example, if you are bad at administrative stuff, you need a partner who is good at it. Thus, you can complete each other in running property business.
3. Make sure that you and your partner define your expectations clearly from the beginning even before you decide to create partnership.
Defining your expectation is not only verbally but also in clear writing.
You need to figure out how the structure of the business is, decide the best plan to achieve the goal of business, what contribution each of you will give, figure out the value of your partnership clearly, and the last but not least is create exit strategies.
Next important point creating partnership is to find someone who has high motivation to achieve goals. This is a quality that is not less important than connection, knowledge, or skills.