Selecting the Right Partner

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  • View profile for Asim Amin

    Founder & CEO at Plumm | Speaker | Advisor

    36,275 followers

    If I’d built my company alone, The hardest part wouldn’t have been the work It would’ve been the loneliness Bringing on a co-founder was a pivotal decision. It didn’t just lighten the workload It accelerated growth, Added depth to our strategy, And created resilience in the face of challenges. Most successful companies, think Apple, Google, and Facebook, were built by co-founders. There’s a reason for this. A co-founder allows you to: 1. Bring complementary skills to the table. 2. Divide the workload and focus on your strengths. 3. Provide emotional balance during the highs and lows of start up life. The right co-founder offers perspective and shared accountability when decisions get tough. But not all co-founders are created equal. Finding the right partner requires: - Alignment on values: Share a vision, agree on risk tolerance, and plan for the long term. - Complementary skills: Your strengths should offset their weaknesses, and vice versa. - Stress management: How they handle pressure can define your partnership. When my co-founder and I started, we didn’t just share the workload, we brought diverse perspectives. Neither of us is originally from the UK, but our different backgrounds has helped us identify opportunities and challenge assumptions in ways that would not have been possible alone. If you’re considering finding a co-founder Here’s where to start: 1. Look for people you know, friends, colleagues, or even former classmates. 2. Test compatibility by working on a small project, like an MVP, before committing. 3. Use platforms like Y Combinator’s Co-Founder Matching if your immediate network doesn’t have the right fit. Once you have found the right person, structure the relationship thoughtfully: - Equity splits should reflect individual contributions but remain motivating. - Use a four-year vesting schedule with a one-year cliff to protect the business. - Define roles early, clarity avoids friction later. Having a co-founder isn’t essential, but it can transform your start up’s trajectory. For me, it’s been a partnership built on trust, shared ambition, and a willingness to fail together. What’s your perspective on working with a co-founder?

  • View profile for Piyush D Bhamare

    Helping hyper-growth startups win customers faster, easier and the right ones | GTM Strategist | Ex- Oracle, iMocha, Celoxis, Hubspot Revenue Council

    31,883 followers

    As I meet more people, especially budding tech founders, a recurring question is about leveraging partnerships as a revenue channel. One key aspect that often stands out in these discussions is identifying the right partner. The right partnership can provide up to 80% leverage in your ROI by aligning perfectly with your goals and capabilities. Consider the example of a health tech startup partnering with a large hospital chain. By integrating their cutting-edge telemedicine platform with the hospital's extensive network, the startup was able to provide virtual health services to a vast number of patients. This partnership enabled the startup to scale rapidly and gain credibility in the healthcare market, while the hospital chain could offer innovative services to their patients without developing the technology in-house. To help identify the right partner, I recommend using a simple framework like the "PARTNER" scoring model: - 'P'urpose Alignment: Do your missions and goals align? - 'A'ccess to Market: Can they help you reach new or larger markets? - 'R'esource Complementarity: Do they offer resources you lack and vice versa? - 'T'rust and Reliability: Can you trust them to deliver consistently? - 'N'etwork Synergy: Do their connections and networks benefit you? - 'E'conomic Benefit: Is the partnership financially advantageous? - 'R'eputation: Does partnering with them enhance your brand image? By scoring potential partners on these criteria, you can identify the one that offers the best strategic fit and highest potential for ROI. #B2BPartnerships #TechFounders #BusinessGrowth #StrategicAlliances image - courtesy to Freepik

  • View profile for Gaurav Perti

    2x Founder | IITB | IIML | Exited last venture via Acquistion

    19,728 followers

    Choosing the right co-founder can make or break a startup. Building a startup is hard, incredibly hard. Having launched 2 startups over the past 8 years, I've learnt some things. The obvious set of traits to look for are trust, complimentary skills (given the requirement of the startup), common vision, integrity, reliability and hunger to build. While everyone talks about the importance of a shared vision and complementary skill sets, one crucial aspect often overlooked is conflict management—how to handle disagreements and resolve issues effectively. Even the best co-founder relationships will face conflicts. Co-founders who can manage conflicts seamlessly will build more effectively. Here’s how we managed disagreements without letting them become personal: 👉 Open Communication: Establishing a culture where both parties feel safe to express their opinions and concerns. A startup is about having difficult conversations many times. 👉 Stay Objective: Focused on the problem, not the person. This is very important. Personal attacks are a strict no-no. 👉 Agree to Disagree: Sometimes, agreeing to disagree and moving forward with a compromise was the best solution. Have areas where each of you will have to able to take the final call (if the case may arise) 👉 Third-Party Mediation: I am not a fan of this. This should be done when all else fails. The vetting process involves a series of meetings, honest conversations (e.g., "Are you okay with zero salary if things get tough?"), and reference checks. Knowing the person beforehand is an added benefit. Remember, a co-founder breakup can be very painful and may even jeopardize the company. My learnings: 🎗Take Your Time: Don’t rush the process. It’s better to take time finding the right person than to hastily choose someone who isn’t a good fit. 🎗 Set Clear Expectations: Define roles, responsibilities, and equity distribution early on to avoid misunderstandings. 🎗Communicate Openly: Establish a culture of transparency and open communication from the start. 🎗Prepare for Conflict: Have a plan in place for handling disagreements constructively. Selecting a co-founder is one of the most critical decisions you'll make as an entrepreneur. Take your time, be thorough, and ensure alignment on vision and values. Conflict management is a vital aspect that should not be overlooked. What qualities do you think are most important in a co-founder? Share your thoughts and experiences below! #Entrepreneurship #Startups #teambuilding

  • View profile for Ted Broden

    Real Estate Development & Construction Management Leader

    11,488 followers

    I recommended the wrong GC. It cost me a client. Because I didn’t ask the right questions.   If you’re interviewing a general contractor, start here: - What experience do you have with projects similar in size and scope to ours? - Can you provide examples of similar projects completed on schedule and within budget? - Who will be our daily on-site supervisor, and what relevant experience do they have? - What specific safety protocols do you follow to ensure job-site safety and regulatory compliance? - Who will be on the project management team, and what roles will they fill? - How many other projects will your team manage at the same time as ours? - What project management software do you use to track critical project data such as RFIs? - What specific documents or reports (e.g., project schedules, 3-day look-aheads, procurement logs) will we receive regularly? - How will you keep our team informed and involved (e.g., weekly OAC meetings, meeting minutes)? - If delays occur, how do you typically handle and communicate them? - What’s your process for choosing and vetting subcontractors and suppliers? - How do you manage subcontractors to ensure they meet quality standards and deadlines? - What’s your process for documenting, approving, and managing change orders? - Can you provide references from similar projects you’ve recently completed?   The wrong GC doesn’t just cost money. They cost trust.   What would you add to this list?  

  • View profile for Malhar Barai

    B2B & Tech Marketing Leader | Brand, Demand & Digital at Scale | AI-Powered Growth | Speaker & Mentor | Ex- Affle, Tech Mahindra, Symphony Services

    9,215 followers

    As someone who's spent a while in the marketing trenches, one question I often hear is: "Should we build an in-house SEO team or hire an SEO agency?" Whether you're a marketing or digital marketing head, an SEO lead, or just a business enthusiast, you know the importance of this strategic decision. And it's particularly relevant for medium-sized brands on the verge of major growth. So, let's break it down: In-House SEO Team: Pros: - Deep Business Understanding: They're more likely understand your brand and customers inside out - Dedicated Focus: All energy is dedicated to growing your brand - Agility: Easy collaboration with other teams for a unified strategy & agile in driving changes - Long-term Investment: Over time, the team evolves with the brand, bringing consistent value Cons: - Higher Upfront Cost: Recruiting, salary, tools, and training can be expensive - Time-Consuming: Recruitment and setting up processes takes time - Limited Expertise: The team might not cover all aspects of SEO - Risk of Stagnation: The team may miss fresh perspectives and innovative tactics SEO Agency: Pros: - Broad Expertise: Access to a diverse talent pool with a range of SEO specialisations - Scalability: The agency can adapt quickly to your changing needs - Lower Upfront Cost: It's often cheaper to hire an agency initially - Industry Exposure: Agencies bring cross-industry insights and innovative ideas Cons: - Less Control: You may not have the same oversight as with an in-house team - Divided Attention: Agencies juggle multiple clients & they key SPOC might be dividing their time, which might affect their focus on your brand - Limited agility: There may be hurdles in timely communication, understanding & implementing the agency's suggestions This decision isn't one-size-fits-all. It's about your unique business needs, resources, and goals. Remember, the best choice is the one that aligns most with your brand's vision, strategy & immediate goals. I'd love to hear your thoughts or experiences. Do you prefer in-house or agency SEO? What has worked for you? Drop your thoughts in the comments.

  • View profile for Dhruv Toshniwal
    Dhruv Toshniwal Dhruv Toshniwal is an Influencer

    CEO, The Pant Project | D2C

    21,160 followers

    Sourcing and supply chain, pointers from years of practical experience... 🧵 At The Pant Project we come from a family background of ~50 years of experience in textile manufacturing. As a brand, we work with vendors across India to procure the highest quality materials for our product. What have we learnt in this time about how to manage supply chains? 1. Trust is everything. If your vendors trust you to lift goods, make payments, and honour your commitments, then you are golden. If they don’t trust you, then no amount of legal documentation or paperwork can make the relationship work. Trust is built over time, with consistently honouring your commitments. Trust takes a lot of time to build up, and just a few bad experiences to lose forever. 2. Processes > people. At scale, if you are person dependent, things are bound to break. You need to have set standard operating procedures (SOPs) for everything from raw material inward to pre production processes, mid-line inspection, final quality control, packing and dispatch, else you have no way to control irregularities in quality. You also need a kaizen mindset to continuously make micro-improvements. 3. Cost is just one factor in deciding which vendor to partner with. While it’s important to optimise for the right purchase price, there are a host of other things to consider when choosing a manufacturing partner. Speed of delivery, flexibility on minimum order quantities, and quality of the product matter a lot. So it’s a vendor scorecard of all of the above that determine who wins the right to produce what & how much for your brand. 4. Diversify your supply chain, but not too much. While it’s important to have multiple partners for each critical component or SKU to minimise single party dependency risk, it is also important to give meaningful volumes to select partners so you are a relevant part of their annual operating plan and get the priority service that your brand needs. We see too many brands making the mistake of splitting volumes across too many factories before hitting meaningful scale, and they have no control anywhere. Like with any investment portfolio, while diversification protects against the downside, if you know what you are doing, some level of concentration into high conviction bets (factories) leads to outsized returns. 5. Invest in product R&D, it’s worth it in the long run. Becoming a pure commodity player is a race to the bottom. There are real innovations to be made at a yarn level, fabric technology level and garment design & engineering level, and you have to invest the $$$ upfront to reap the long term benefits. So invest in R&D to stay ahead of the curve, and co-create, collaborating closely with your supply chain partners, or run the risk of becoming irrelevant over time. The strength of your supply chain is the backbone of your brand.

  • View profile for Kunal Gupta

    CEO at EMotorad | Electric Mobility | BW 40u40

    64,153 followers

    Every growing business confronts a fundamental question: What should we build and manage internally, and what should we outsource? This decision can shape culture, cost structures, innovation speed, and long-term sustainability. Here’s how I think about it In-house = control, culture, and long-term value. If something defines your core value or customer experience, build it yourself. It may take longer, but the ownership and alignment it creates are unmatched. Outsourced = speed, flexibility, and specialization. For areas outside your core - outsourcing gives you access to global expertise without the long-term overhead. The smartest companies often find a balance. They own what’s strategic, and outsource what’s operational, until that equation changes. At EMotorad, we go by some fundamental rules: Does this impact our core identity or differentiation? Will building this in-house make us faster or better? Are we outsourcing convenience or avoiding growth? There’s no one size fits all. Just strategic clarity.

  • View profile for Carl Haffner

    Founder, Operations Mentor, Entrepreneur, C-Suite and Board experienced Executive, Board Advisor in Security, Cannabis, Logistics, AI, Tech, & Regulated Markets

    13,100 followers

    𝗖𝗵𝗼𝗼𝘀𝗲 𝘆𝗼𝘂𝗿 𝗰𝗼-𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗰𝗮𝗿𝗲, 𝘁𝗵𝗲𝗻 𝘄𝗿𝗶𝘁𝗲 𝘁𝗵𝗲 𝗿𝘂𝗹𝗲𝘀 𝗲𝗮𝗿𝗹𝘆 I have built and advised companies across tough, regulated markets. The product is rarely the problem. Misaligned partners are. Good people can still pull in different directions if the goals, timelines, and values do not match. That is why I now choose partners for alignment first and brilliance second, and I put the rules in writing before any money moves or equity is issued. I have witnessed first-hand how the wrong partners can damage both the business and the working relationship. Those are lessons no course can teach. They were hard won, and they are lessons I can now guide you on. 𝗕𝗲𝗳𝗼𝗿𝗲 𝗜 𝘀𝗶𝗴𝗻 𝗮𝗻𝘆𝘁𝗵𝗶𝗻𝗴, 𝗜 𝗱𝗼 𝘁𝗵𝗶𝘀 • Compare motives and horizons, what does each of us want in three years and in ten • Write down time and cash commitments, not just job titles • Stress test the relationship with hard cases, missed targets, a funding drought, a failed hire, an unexpected buyout offer • Quiet references with past colleagues, suppliers, and investors • Map roles and decision rights, who decides, who leads, who advises 𝗪𝗵𝗮𝘁 𝗜 𝗹𝗼𝗰𝗸 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀 • Equity with vesting, a four-year schedule with a one-year cliff, clear good-leaver and bad-leaver definitions • IP assignment and confidentiality from day one • Reserved matters that need a mutual vote, issuing shares, taking on debt above a limit, changing the business model, spending over a threshold, hiring or firing executives, entering related-party deals, granting options, approving budgets, selling the company, or winding it up • Board composition and voting, quorum, chair, and deadlock resolution • Pre-emption rights on new capital, how shortfalls are handled, and what happens if one founder cannot meet a capital call • Conflict-of-interest rules and a simple dispute path, mediator first, then arbitration under named rules and a chosen seat 𝗛𝗼𝘄 𝘄𝗲 𝗼𝗽𝗲𝗿𝗮𝘁𝗲 𝗳𝗿𝗼𝗺 𝗱𝗮𝘆 𝗼𝗻𝗲 • Fixed cadence for board and management meetings with written agendas and minutes • Monthly reporting on cash, pipeline, and key risks, the same pack every month • An authority matrix for spending and contracts • A living decision register so no one can act unilaterally on major items 𝗥𝗲𝗱 𝗳𝗹𝗮𝗴𝘀 𝗜 𝗱𝗼 𝗻𝗼𝘁 𝗶𝗴𝗻𝗼𝗿𝗲 • “We can skip the paperwork, we trust each other.” • Vague ownership promises or shifting titles • Unwillingness to share references or past cap tables • Side projects that compete for time or create conflicts Choose partners carefully, then make the rules explicit. Clear agreements do not signal a lack of trust, they create the conditions for it. If you want a second pair of eyes on a Founders Charter or Shareholders’ Agreement checklist, I am happy to help. #Startups #Founders #Governance #ShareholdersAgreement #Leadership #Entrepreneurship #Operations #RiskManagement Yes this is an AI Generated picture.

  • View profile for Candace Nelson
    Candace Nelson Candace Nelson is an Influencer

    Founder of Pizzana. Founder of Sprinkles Cupcakes (Exited 2012) Guest Shark | Keynote Speaker l NYT & WSJ Best Selling Author | Angel Investor

    32,209 followers

    Working with your spouse is not for everyone. But with Charles it wasn’t a total leap of faith for me to go into business with him. We actually met working at the same investment bank. There were many late nights and last minute deal emergencies. But even under all that stress we were able to get the job done with a good attitude and a sense of humor. When I came up with the idea for Sprinkles, Charles didn’t just encourage me, he told me he believed in me 100% and wanted to join me in starting this new business. Without his support, I’m not sure I would have had the confidence at the time to take those first steps towards entrepreneurship. I was really lucky that I didn’t have to look far when searching for a co-founder, but for those who are looking for a partner there are a few things to keep in mind: 1️⃣ Look for someone who possesses a different, complementary skillset but shares your same work ethic. If one person is always burning the midnight oil and the other is more focused on work/life balance, someone is bound to get resentful. 2️⃣ Make sure your visions are aligned about questions regarding selling the business, passing it down to your kids, etc. There’s no right answer, but talk about your future plans to make sure you’re on the same page. 3️⃣ Partner with someone who’s not afraid to challenge you, but make sure you can get through disagreements in a healthy way with no passive aggressiveness or lingering resentment. Charles and I rely a lot on humor to diffuse tension. We both love to laugh and have a good sense of humor, and that really works for us. If you've worked with a partner or co-founder, what advice would you add?

  • View profile for Ishmael Long

    General Manager, PACIFIC COMFORT REAL ESTATE LIMITED

    14,357 followers

    ASK YOUR CONTRACTOR THESE THREE QUESTIONS -real estate talk 💰- Building your first home is an exciting milestone, but it can also be overwhelming if you don’t know what to look for when choosing a contractor. Asking the right questions before hiring a contractor can save you time, money, and headaches. Here are three crucial questions every first-time homebuyer should ask. 💰1. What is your experience with similar projects? It's important to know if the contractor has experience building homes like the one you envision. A contractor with a proven track record in similar projects is more likely to understand the challenges and deliver quality work. Why it matters: A contractor experienced in building homes in your area will likely be familiar with local building codes, climate considerations, and suppliers. Example: If you're building a three-bedroom house in Port Moresby, ask the contractor, "Have you built similar-sized homes in this area? Can I see examples of your previous work?" 💰2. Can you provide a detailed timeline and budget estimate? Understanding how long the project will take and how much it will cost is essential. A good contractor should be able to provide a realistic timeline and a detailed breakdown of expenses. Why it matters: As a first-time homebuyer, you may be working within a strict budget. Knowing the costs upfront will help you avoid unexpected expenses. A clear timeline will also help you plan your finances and schedule. Example: Ask, "How long will it take to complete the project, and what factors might cause delays? Can you provide a detailed quote, including materials, labor, and any other costs?" 💰3. What warranties and guarantees do you offer? A reliable contractor should stand behind their work and offer warranties on the construction and materials used. This provides peace of mind in case of defects or issues after the house is completed. Why it matters: First-time homebuyers might not anticipate future repair costs. A warranty ensures the contractor is accountable for quality work and will address any problems within the agreed timeframe. Example: Ask, "What type of warranty do you provide for the work? Are there guarantees for the materials used, and how long do they last?" Final Thoughts Hiring the right contractor is one of the most important decisions you’ll make when building your first home. Asking these three questions can help you find someone who is experienced, reliable, and aligned with your vision. Take your time to do proper research and compare options. Building a home is a significant investment, and starting with the right contractor can make the process smooth and rewarding. PLEASE SHARE IT 🙏🏾

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