When you start any business, including a construction company or a supporting business, you need to know that you can fully trust your business partner. The relationship that the two of you have is critical to the success of the company.
How do you know if you can trust that person? Here are a number of warning signs to watch out for:
- Your gut tells you that something is wrong. Listen to your instincts. Even if you can’t quite put your finger on why you feel that way, you do not want to work with someone you cannot connect with.
- Communication is difficult. If your partner does not talk to you often or delays communication, it can be a sign of some very serious problems to come.
- They often fight with you over all sorts of minor details. You have huge decisions to make when running a business. This doesn’t mean you always have to see eye-to-eye, but it’s going to get exhausting if every single conversation turns into an argument.
- They won’t bring up the financial side of the business. Conversations about money can be uncomfortable, but they are critical in any industry.
- They always pass the blame. When something goes wrong, your partner never accepts responsibility or apologizes. They just look for someone else to blame — including you. People need to be able to learn from their mistakes, not pass the fault to others.
When working with a business partner to start a company, you need to know all of the legal steps to take. This could include drafting a partnership agreement to protect yourself and the company.