Finding a partner to start a business with is not an easy feat. You may have many friends whom you hang out with but they may not be good for business. Some of them do not know the technical know-how of running a business while others do not want to put in the work. You cannot chose randomly and expect everything to work out right. You have to be wise and look for the right qualities of a good business partner.
So what do you look for? Look for a person who has integrity. Someone who will choose to do the right thing whether there is someone watching him or not. Such a person will not want to steal from the business or give themselves a loan because they are honest individuals. Have an agreement as to what your responsibilities will be in this business you are starting. Follow the rules and guidelines that you put down. Do not be in a hurry to start off. You should iron out your issues before you start the business. Get a person who is hardworking and who needs minimum supervision to work. As partners, you have equal rights and thus you should put your best foot forward in all you do.
Also, find a person who is as zealous for the business as you are. When you have a partner who is not into the business you are doing, it is bound to fail. You will find that you have so many things to do while your partner is not interested in giving a hand. Passion is key to having the same mindset that will give you success in your business. It is something that you cannot give someone if they don’t have it. You would rather know that you have a silent partner whose only interest is money rather than thinking that you have someone who will help in the day to day running of the business.