Business Partnership Questionnaire

Name *

First

Last

Email *

Name of Business (if applicable)

Type of Business *

1. What is your vision for this business? *

It is important to understand your long-term vision helps ensure all partners are aligned in terms of growth, scalability, and future direction.

2. What are your top three strengths as it relates to owning and operating a business? *

Knowing your skill set, expertise, helps identify how they complement or overlap with your own strengths.

3. What are your top three weaknesses as it relates to owning and operating a business?

Knowing your areas for improvement helps identify how they complement or overlap with your own strengths.

4. How do you handle conflict and decision-making? *

It’s important to gauge how they approach disagreements, problem-solving, and making critical decisions to ensure smooth collaboration.

5. How do you handle risk, and what is your risk tolerance? *

Partners with vastly different risk appetites can struggle, so it’s essential to understand how comfortable they are with taking financial or operational risks.

6. What are your top five core values and business ethics that is applicable to this business? *

Alignment on values is key to maintaining trust and compatibility.

7. What type of time commitment do you anticipate is necessary for this business to succeed? What type of time commitment will you make? *

Knowing the amount of time not only "willing" to invest, but "will" invest is essential to establish early on.

9. What is your exit strategy or long-term plan if the partnership doesn’t work out? *

It’s important to know how you envision handling a dissolution of the partnership, including financial and operational implications.

10. What do you expect in terms of roles and responsibilities? *

Defining roles early on helps prevent miscommunication and ensures that all partners have a clear understanding of their duties.

11. How do you view growth and scaling this business? *

It’s essential to ensure you have a shared vision for how fast the business should grow, whether you’re open to outside investors, and your plans for expanding the company.

12. What type of business model do you think would be best for this business? *

A business can use traditional or nontraditional business models, or a combination of business models depending on its product and service offerings.

13. Who is a business leader you aspire to be like? *

8. handle column.

Additional Comments