Partnerships · Business Development

Are there personality types to look for and/or avoid in business partners?

Anonymous

October 4th, 2016

I want to understand if there are personality types that thrive better as business partners than others based on the experience of entrepreneurs.  If I have a short window of time to decide if I should partner, how do I make sure their personality or business style works for me?

Arthur Lipper Chairman of British Far East Holdings Ltd.

October 4th, 2016

Yes there are and in the book Larry and Barry Guide to Entrepreneurial Wisdom the extrovert and introvert traits of the partners are revealed. The person responsible for marketing must be an energetic ever-optimist and the person responsible for managing the operations of a business must be a bit pessimistic, always planning on problems occurring and having a "Plan B". The book is available at Amazon.com

John OHanlon Owner of Banks Printers

October 5th, 2016

The simple answer is look at their 'form'. If you were going to back a racehorse you would consider carefully his past achievements *before *you put your money or invested in him. Same applies in my view to a partnership. John O'Hanlon *Banks Printers * John O'Hanlon, 13 Church Road, Banks, Southport PR9 8ET Tel/Fax: 01704 229697 Home: 01704 232620 Mobile: 07717 518167 banksprinters@gmail.com www.banksprinters.com

Mark Talaba Founder, Vision Former, serial entrepreneur

October 5th, 2016

Hello Anonymous. Personality traits testing provides many discrete - and useful - pieces of information about a person, and so can the legions of other tests based on the ‘self-inventory survey’ model. However, there is a completely new technology that identifies and organizes the different ways people seek to serve a team or a mission. And isn’t teaming quality (positive team chemistry) what you really need to know when selecting a co-founder, naming a partner, or creating a high-performance team? Teamabililty® is the product of 25 years of behavioral science and tech development. The core concepts are from physics and systems theory, not from psychology. A person’s mode of teaming comes from their internal orientation to serving a specific area of team need: envisioning the mission; bringing people together; exploring possibilities; big-picture organization; and so on. This new field of management guidance is delivering extraordinary business value from startups and early-stage companies, to giant corporations. Example: a large company with 30% turnover on new hires made a single addition to its hiring process (using Teamability for screening and selection). From that point on, they had no new-hire turnover at all for 2 1/2 years, while adding 500+ people. Additional qualitative measures elicited by the online teaming exercise include Coherence (which relates to steadiness and resilience in the face of challenge) and Teaming Characteristics, which describe likely behaviors in specific situational context. If you have questions, let me know. Mark

Barney Kramer Business Advisor, Executive, Trainer & Coach, Public Speaker,

October 5th, 2016

It begins with understanding who you are and their are lots of good tools out there to discover that if you don't already know. In fact if you can't adequately answer that question you will never be able to build and retain a strong engaged workforce. *What a program.* Anyone wanting to take their leadership to the next level really needs to check this out. It is great!!!!! It’s an interactive, multi-media life-changing experience designed exclusively to forever change the way you SEE and GROW your career and businesses. Check it out here: http://smra1.com/seminars/new-leadership-paradigm *"Moving From Where You Are to Where You Want to Be Starts Here"* *S**incerely,* *Barney Kramer, President/CEO* *(209) 444-6549 phone* *www.smra1.com *

Arthur Lipper Chairman of British Far East Holdings Ltd.

October 5th, 2016

Partners should strengthen elements missing in each other’s makeup.

lenny gotter Business Founder, Director and Private Consultant

October 5th, 2016

I would also like to chime in that you need to find out the true personality of your business partner.  Insist on talking to previous employees and business partners, people that can give you a frank and honest appraisal of their character.  If they refuse to offer such references well you know something is amiss.