The Wrong Business Partner Can Create Lifetime Pain

People select a business partner for a variety of reasons. It may be that one partner brings the required financing or a degree of expertise the other does not have or a group of individuals tackle a new business initiative together.

Regardless of your reason for seeking and selecting a business partner its important to be on the lookout for the right mix. The care business – the task of serving humans – is different! You need someone you can work well with and who shares your ideals so here are a few types you may want to avoid.

The Money Grubber

Some individuals, including those who enter the care business – assisted living, home health care, visiting physician practices – are not people centered at all. Their vision does not extend beyond the receivables and they have little to no concern over the delicate, emotional issues affecting those they serve. They take little time to encourage, uplift, inspire or dignify others.

So if you are people centered and among those who have the maturity to balance the financial with humanitarianism then you want a business partner with the same ideals.

The Envious

Remember the difference between the jealous person and the envious person. The jealous person may resent your advantages, perceived or real. The envious person resents them and wants to strip you of them. This is an incredibly dangerous personality type.

This is the person who after a few weeks of operation is suspicious, for no good reason, about what compensation you may be taking from the business. They do not inquire, they accuse. If you have other sources of income they want to know what they are and how much money they represent.

They are often prisoners of their own insecurities and have the spirituality of Judas Iscariot himself. You will want to watch for this type of person who wants to be your business partner.

The Power Nut

This is the person who regardless of what duties are assigned to them – which they accept – prefer to demonstrate the authority they feel being a business owner should bring. Maybe they want to boss employees who do not directly report to them or they undermine certain decisions made by the partner who has the authority to make them.

If this person does not respond to reason, confusion will settle in and the progress of the business will be compromised.

The Perpetually Ignorant

Everyone who enters into a particular business model is not always super literate in everything that business involves. This is why we have consultants all over the place. However, if you enter into a business model which is new to you it is up to this new partner to investigate the regulatory and operational apparatus affecting that business type.

Some clearly do not invest the time into learning all that the business model involves.

They do not use the internet or available resources from the state of operation. They ask questions months into the partnership they should have known well by now. Some even use ignorance as a basis for feeding both insecurity and fears they create.

Learn how curious a prospective business partner is to learn the business model and not just sit around hoping they can collect a new income. If you discern they are not sufficiently curious this might not be the partner you need.

The Weak Minded

How often have you talked to the person who has all the answers their friend told them were true about your business plan and the information they pass along is as far from reality as you could have ever imagined. It happens everyday.

Some cousin, friend from across the world, etc. who needs to prove they have this person’s best interests at heart feeds them all of this garbage and you have to come back and clean it up. Problem is it is already fact in this person’s mind and their being weak minded will only bring you further grief. Its time to rethink this business union. You need clear, comprehensive, analytical thinkers, not followers or the work environment will sour often.

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