Building a successful real estate team starts with finding the perfect business partner.
The right business partner will differ for every real estate entrepreneur. Some investors will prefer a passive partner while others will prefer one who is confrontational. Some will prefer a seasoned businessman or women who brings time-tested ideas to the table while others will prefer a newbie who is eager to learn and easier to mold.
Forming an ideal business partnership will depend on your management style, personality, goals, and vision for the future. You’ll want a person who shares your same values, challenges you to grow, and ultimately, a person who will boost the business’ bottom line.
Sounds impossible to find a person who meets such a detailed list of criteria, right? Not as long as you know the right questions to ask…
Finding The Perfect Business Partner
Finding the perfect business partner will take hard work, dedication, and a perfected strategy. Keep in mind, you will be spending a lot of time with whomever you choose to be your partner, so it is crucial that you selectively weed out substandard candidates.
The key is to find someone with a skill set that compliments your own. In other words, find a person whose strengths are your weaknesses.
Ask every potential partner you are considering these 15 questions to get a better overall understanding of their business skills, financial history, and personal preferences: