Finding the Right Business Partner
One of the best pieces of business advice I ever got was "You can't do a good deal with a bad partner."
good partners have aligned values. They are generous. The goal is that everyone in the deal prospers. And they are people I enjoy being around. If I don’t want to go out to dinner with someone, why would I want to go into a business deal with her?
An associate of Donald Trump once wrote, “You can’t do a good deal with a bad partner.” That is so true. No matter how good the project is, if you have a partner who is unethical, greedy, and uncaring, then that deal is doomed for disaster. A bad partner can break the deal. A good partner can make a deal.
A good partner is priceless.
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