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The 3 Non-Negotiables When Picking Business Partners (Friday, May 23, 2025)

Quote of the Week

"The best way to predict the future is to create it."

~Peter Drucker

This Week’s Tip

Choosing the right business partner(s) is one of the most important decisions we entrepreneurs make. Pick wrong, and you’re dragging a boulder uphill. Pick right, and you’re rocket-fueling your growth.

Here’s the deal: Business partners aren’t just about shared goals or splitting profits. They’re about shared values, complementary skills, and unshakeable trust. It’s like picking a co-pilot on a stormy flight — you want someone who’s not just along for the ride but can take the controls when you need to lean back.

First, you want someone who does what you don’t. If you’re great at sales but clueless about operations, find someone who eats operations for breakfast. That’s leverage right there — you’re not doubling your workload, you’re doubling your output.

Second, values over everything. Money’s great, but if your partner’s vision and ethics don’t line up with yours, it’s a ticking time bomb. You need that alignment because business is a long grind, and conflicts bleed time and energy.

Third, trust and transparency. If you don’t trust your partner to tell you the brutal truth when things go sideways, you’re doomed. It’s not about avoiding hard talks — it’s about inviting them.

Finally, think long-term. A business partner is not a sprint partner; it’s a marathon teammate. Can they handle the grind, the setbacks, the wins? If not, move on.

Remember, your business partners multiply your leverage — if you pick them right. Don’t settle. Build your dream team, and the compounding effect of your aligned efforts will blow your mind.

This Week’s Resource

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Trivia

Question: Which company owns the brands Dove, Ben & Jerry’s, and Axe?

Answer: Unilever — Lesson: Diversification strengthens resilience.

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