Why You Should Do a Background Check Before Selecting a Business Partner

Choosing a business partner is may be one of the most important, but  nerve racking decisions you’ll ever make for your business.  Whether you  are seeking an angel investor, working partner, or legal counsel, it’s  important to know who you’re teaming up with. One of the easiest ways to find out who you’re talking with is to  conduct a thorough background search. Have you ever applied for a job  where they conducted a background check on you first? It’s very common  in the business world. Why shouldn’t you take the same precautions that other millions of established businesses do? There are many “background research” sites out there, but here at B  & L Marketing, we fully endorse the TruthFinder technology. 

Background Reports May Contain the Following:

• Arrest Records
• Licenses
• Personal Info
• Contact Info
• Location Data
• Online Activity
• Traffic Offenses
• Felonies
• Related Persons
• Misdemeanors
• Sex Offenders
• And More!  

Phone Reports May Contain the Following:

• Name
• Photos
• Owner’s Current Address
• Job Information
• Social Media Profiles
• Email Addresses
• Address
• History
• Satellite Image of Owner’s House
• Possible Associates
• Online Account Usernames
• And More!   

Other Ways to Find Quality Business Partners

Quality Personal & Professional References. If  you haven’t known this person for a long time, rely on the referrals of  people you trust. Ask your friends, family and associates if they are  aware of any trustworthy people that meet your needs. 

Ask to See their Portfolio. Sometimes founders of a  new business are new to the business altogether and don’t have a lot to  show in their past work, but it doesn’t hurt to ask. Request your  potential business partner to share their experience on other project,  running other businesses. 

Test their Skills. Everything may look good on paper  and in conversations. But, how does this person hold up in a real life  scenario? Invite them to participate in team discussions, planning meetings, or other business activities.  Was their contribution valuable? Were they able to keep up and follow  along? Sometimes trial by fire can tell you everything you need to know. 

Find the Personality that Suits you. You’re not  looking for a new friend. You need someone who can help your business  grow. But, you may be spending a lot of time with this person. It’s  important that he/she has a personality that meshes well with you and  your other employees. You don’t want to butting heads all the time