How to find the best joint venture partners

While there are many things you need to consider, a focus on the following should see you in good stead:

– A complementary temperament: Find someone who will fill in the gaps around your personality strengths. The trick is to first fully understand your own strengths. This is sometimes easier said than done.

– Different operational skills: Find someone whose skills complement yours rather than replicate yours.

– Similar work habits: Have a shared view as to how much you will work to achieve your goals.

– Self-sufficiency: Someone who functions on auto-pilot with virtually no input from you.

– A history of working together: Familiarity helps conversations move quickly and allows trustworthy cooperation.

– Emotional buoyancy: The capacity to support each other during the highs and lows of a property project.

– Total honesty: You and your partner(s) must be committed to telling each other the truth all the time, even if it’s tough to say or hear.

– Comfort in his/her own skin: Someone who knows themselves well and is comfortable in their own skin.

– A personality you like: If you don’t like your partner, all the other great qualities they possess won’t be enough to sustain you through the long haul.

– The same overall vision: It is essential that your partner’s main motivations for joining your venture include a passion for the project you are pursuing.

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