Starting or running a business partnership can be rewarding—but only if both partners are truly aligned. To help you build a fair and strong partnership, here’s a simple checklist to guide your important conversations and decisions.

Business Partnership Alignment Checklist

1. Shared Vision & Mission

• Are we clear on our long-term business goals and what success looks like?

• Do we agree on the core purpose and values of our business?

2. Roles & Responsibilities

• Are each partner’s roles clearly defined and agreed upon?

• Do we know who makes which decisions?

3. Contributions & Ownership

• Have we listed all contributions, including money, skills, and networks?

• Are equity shares and profit distribution agreed and documented?

4. Communication & Conflict Resolution

• Do we have regular check-ins planned?

• Have we agreed on how to handle disagreements?

5. Legal & Exit Strategy

• Is there a signed partnership agreement in place?

• Have we planned for possible exits or changes in partnership?

6. Growth & Future Planning

• Are we aligned on plans for business growth and reinvestment?

Final Check:

Do both partners feel heard, valued, and confident about moving forward together?

Use this checklist as a starting point to ensure your partnership is built on trust, clarity, and fairness. Remember, good communication now can prevent major conflicts later!

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This blog features articles by guest writers from Lepakcreator.com

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