A business partner should be trustworthy and beneficial to a business. You should be able to rely on your partner to challenge the business and bring out new ways to improve the quality of work. Without them, you may feel your business wouldn’t be where it is today.
However, your first business partner may not be the right fit for you. Here are some signs of a bad business partner:
Your partner doesn’t improve the business
Do you feel like you’re the only one bringing anything into your business? Your partner may not do anything other than stand around all day and take a few calls. If your business partner isn’t doing anything for your business, then it may be time to find someone new.
Your partner values their work above yours
Does it seem like your business partner feels superior to you? Your partner may not qualify what you do as work or beneficial to the job.
You may have to fight to show that your work matters. You may want a business partner that values your work just as much as you value theirs.
You can’t trust your partner to handle business
Did you recently take a break and leave your partner to run the business, only to find the business was in disarray when you returned? You may be taking on extra work because you don’t feel your partner will do what’s required for the business. You may need a business partner who you can rely on when work gets rough.
They’re a problem-maker, not a problem-solver
Does your partner only ever show problems with your business without giving solutions? Your business partner may only be able to visualize the negatives and can’t provide problem-solving skills for the issues.
If you think it’s time to cut ties with your business partner, then you may need to reach out for legal help to provide you with your options.