A right business partner is an important part of every successful business, no matter if the company is big or small. Although it’s not easy to find trusted business partner so there are some tips for healthy relationship with him:

Open communication

After we establish a contact with our business partner we should organize a meeting with him. Determine how often we will communicate – every week, month and etc. Don’t forget to be honest! At our first business meeting we can share problems that we want to solve them or what mistakes we’ve made. Honesty is the first step to build a healthy relationship with your partner.

Setting clear goals

The best way to avoid future mistakes is to set clear goals and vision. Think about how we can accomplish them together. For instance, if we don’t have clear financial goals this will be a big problem in a future. Furthermore our goals will be well defined. There are S.M.A.R.T goals and this means our goals should be: Specific, Measurable, Attainable, Relevant, Time Bound.

Defining roles and responsibilities of each business partner

Depending on individual skills each partner has an active role in business life of your company. In order to achieve our goals we should have a responsible partner. According to lawyers all duties and responsibilities should be mentioned in a partnership agreement.

Building trust

It takes time to build a good business reputation and only seconds to ruin it. Trust and honesty are the main ingredients of every successful partnership. Talk about weaknesses and strengths and we will feel better to share everything with our business partner. If we don’t trust him 100% we’re not be able to work with.

Working together

We try to find balance between working independently and working with a business partner. We have different habits and we shouldn’t require somebody to work 24/7. Set deadline for completed tasks.

Stay in touch

We can create “working traditions”. For example, every Monday we can make online meeting via Skype or every Friday to send a report. In nowadays there are so many tools for communication – e-mail, Skype, Slack and so on. If we are busy, apologize that we can’t reply and send answer later. Don’t ignore our partner, it’s important to know that he can trust us.

Having fun

According to research if we have fun at work we’ll  increase our work productivity, creativity and will have more ideas. Don’t be so bored! Try to get to know your business partner and establish friendship. The things become easier when we know his personality. Spend time together and talk each other.

Unfortunately sometimes we establish contact with the wrong business partner and then we know what kind of people is our perfect business partner. It’s the same like love from the first sight. The right business partner works like a part of our team or our company. As a result we should take care for our relationship with a business partner.