5 Types Of People I'll Never Do Business With Again

In partnership with

Entering into a business partnership is like getting married—you need to choose your partner wisely! Here are 5 major red flags that will tell you if someone will be a BAD business partner.

• People Who Are Broke and Have Nothing to Lose When someone has no financial stability, they might not have the same level of commitment and accountability. This can lead to reckless decisions, as they have no skin in the game.

• People Who Avoid Signing Operating Agreements An operating agreement is essential for outlining the responsibilities and expectations of each partner. If someone is hesitant or outright refuses to sign one, it’s a clear indication that they might not be willing to adhere to agreed-upon terms.

• People Who Can’t/Won’t Contribute Financially A partnership should be mutually beneficial, with each party contributing their fair share. If a potential partner cannot or will not invest financially, it might be a sign that they are not fully invested in the business’s success.

• People Who Whine and Blame All Their Past Failures on Others Accountability is crucial in any partnership. If someone constantly blames others for their past failures, it’s a red flag that they might not take responsibility for their actions and could potentially bring negativity into your business.

• People Who Can’t Give You Any References of Past Successful Partnerships A reliable partner should have a track record of successful collaborations. If they can’t provide references or examples of past partnerships, it could indicate a history of problematic behavior or a lack of experience.

Choosing the right business partner can make or break your venture. Pay close attention to these red flags and trust your instincts. A good partner will bring value, support, and shared goals to your business.

-Cousin JT

P.S. → Scriptural Encouragement: “Do not be misled: ‘Bad company corrupts good character.’” – 1 Corinthians 15:33 (NIV) & special thanks to today’s sponsor…

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