Decide if you want a business partner or an employeee

In one of the weekly business consultations the Bear scheduled with the Owl, the Bear said “I’m not sure if I should partner with the Lion. He’s a close friend, but I’m just not sure if he’s as committed as I am.” The Bear listened intently and said, “you have to make the decision of whether you want a business partner or an employee. If you are questioning whether your co-founder is going to match your work ethic, but you know he can do well with your finances or sales then maybe you are seeking more of an employee.”

Lesson: This tip is from the guest post “7 Tips on How to Find a Co-Founder for your Venture” by Stephany Zoo of the BUNDSHOP.COM. “On one hand, through the couple of businesses I have helped cofound, I know I could never have done it on my own, as my business partners inspire and motivate me even in the darkest of days.  On the other hand, you will be likely to spend more than 9-5 with this person, as well as splitting your equity and trusting them with your vision.  That is putting a lot of faith into someone else!”

Image courtesy of bandrat / FreeDigitalPhotos.net

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