Prerequisites For Selecting Partners

Entrepreneurs need to choose partners to start a business for a variety of reasons at the beginning of their business. Partners at the beginning are just friends, classmates and relatives from childhood. Because they share similar goals, because of common purposes, they walk together because of mutual trust; there will be many problems in project management, but in order to cooperate for a longer time and achieve long-term development goals, we need to pay attention to the following points: 1, why choose cooperation?

When we have to choose entrepreneurial partners, we need to make clear cooperation so that the project can be well developed and implemented. Cooperation can enable both sides to share resources, and cooperation can make us strong, so we choose to cooperate.

2, what are the purposes and objectives of our choice of cooperation?

Business cooperation needs the same goals and objectives, and together with a common entrepreneurial goal, it can come together, so the right goal and cooperation have a great relationship.

It is also the key to finding partners. The rational allocation of interests is the main factor for your partners to choose. If you choose partners, the partners must have very good cooperative resources. This kind of resources is your cooperation goal, the goal is in the industry status, with clear purpose and goal of cooperation, cooperation can be established.

3; division of labor should be clear.

In the early stage of cooperation, entrepreneurs need to clarify their responsibilities and not be vague because they are long-term cooperation, and clear responsibilities are the most important. In this way, they will not be wrangling and turning their back in their business. There are many examples that tell us that the division of responsibilities is often the fundamental problem of entrepreneurial failure.

4; the input and profit distribution of the cooperation process.

The proportion of cooperation input is cooperation, and the two sides produce their own cooperation resources.

Because the ratio of input and distribution is directly proportional to the relationship, it is also necessary to make a clear statement in writing. Of course, when the business situation changes, investment must also change. When the cooperation begins, it is necessary to analyze the later capital or resource re entry. If one side does not have the strength of financing, then the other party's investment will be converted into the corresponding investment share, so as to allocate the input and output benefits.

The profits of both parties shall be allocated according to the written distribution contract stipulated by the two parties.

5; the withdrawal mechanism of the partners.

In the early stage of cooperation, it is necessary to think well or not to cooperate. When one of them quit, when they quit, the ratio of input to withdrawal and the ratio of withdrawal, they all need to be clear in writing in advance. In the contract, both sides of the later cooperation of the project can successfully end the unnecessary relationship.

A reasonable exit mechanism is a very important part of cooperation.

6; the prevention of friction in the process of cooperation; the friction between the two parties is mainly the contradiction between the later management rights and the profit distribution, reasonably arranging the responsibilities of cooperation, clarifying the interests of the partners, maintaining a good atmosphere for business cooperation, and a good cooperative mentality is the way to solve the friction.