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23.08.2018 : News
How to Choose the Right Business Partner | What You Need to Know
Three things to know about your potential business partner
Choosing your partner is no easy task. Every businessperson faces this kind of challenge and fears disappointment. On the other hand, this important agreement can help you achieve the success you’ve always wanted for your business. Nevertheless, you still need to take the necessary precautions if you want to increase your chances of finding the ideal person. This article goes over some things to consider when you need to assess potential business relationships.
Use your personal and professional network
Sometimes our personal or professional connections have already worked with the person in question. Take advantage of this to get some feedback and obtain more information about how the person works.
In the business world, our networks can provide a wealth of opportunities and easily accessible information. Do not hesitate to participate in networking events in your area to meet new people. This will present you with enriching experiences and insights, which are always beneficial. Never abandon your thirst for discovery!
Remember the goal here isn’t to gather as many business cards as possible and then go home. Take the time to engage with those present at the events and those you would like to conversate with. The key is to connect with these people and establish a lasting professional relationship.
Determine a future partners capabilities or liabilities
When you want to establish a business relationship with a potential partner, you need to be aware of the future benefits for your business. Essentially, if the downsides are not all that promising, it could have a direct impact on your business success.
Before making a commitment, you need to determine their liabilities if you want to gain a better perspective of the positive and negative impact they might have. There are several ways to do this.
First and foremost, you can find interesting information online, although it won’t always be 100% reliable. As such, Google is THE most well-known platform for obtaining any type of information. Social networks should also be key elements in your research. For example, LinkedIn is the most well-established professional platform for connecting with potential business partners and allows you to view their career paths, achievements and interests.
The second solution, relevant for specialized companies, is more comprehensive and will be more precise when it comes down to your partner’s reliability. More specifically, you can perform a due-diligence background checks according to your business needs.
Arrange an in-person meeting
There’s no better way to learn more about your potential business partner’s future plans than meeting them in person. Take the time to engage with them. Ask questions and use this meeting to share how you work and what you are looking for in a partner.
In addition, body language is one of the most useful indicators for learning about someone. This is usually when your intuition comes into play.
Business relationships that work
We can agree that searching for a partner does not necessarily mean launching an in-depth probe in all situations, however in others it may be worthy of an in-depth due-diligence background check. Above all, it is about increasing your chances of establishing a trusted relationship with the person who will be part of your professional projects and limiting the risk of unpleasant surprises.
Performing a background check is more complicated than it sounds. Consideration as to limiting your financial exposure, ensuring compliance with different regulatory, privacy and compliance legislation or to benefit from the experience and the professional expertise to use the available tools to maximum benefit, outsourcing your screening process to an external vendor should be something to consider.
Precautions must be taken when working with unfamiliar people. The important thing is to protect yourself from the unexpected. If you have any questions, do not hesitate to contact our team. We will be happy to provide you with all the information that meets your business needs.
09.07.2019 : News
According to a recent study of the Canadian employment sector, nearly 45% of the Canadian workforce will be self-employed by 2020. These revealing figures show that an increasing number of companies are dealing with freelancers to perform a variety of tasks that are often essential to their operations. However, some organizations don’t pay as much attention to the hiring process for their freelancers as they do for hiring full-time employees…. Lire la suite »
10.06.2019 : News
Employers who conduct background checks on their candidates want to confirm certain information about them and make certain that they will be a good fit for the company and not pose any risk to their organization.
If you are in the top tier of candidates to fill a position, the hiring manager may want to conduct a background check before hiring you. Your work experience, education, references, verification of identity, criminal history or any relevant verification to the position you applied for may be reviewed as part of this process.
If you want to land the position, you should do everything possible to be adequately prepared for this potential situation. Find out how.
10.06.2019 : News
Construction workers, engineers, technicians, teachers… nowadays, 20% of professions in Canada require a professional trade or a certification delivered by specific regulatory bodies in each province.
Hiring a candidate for a position requiring such accreditation requires companies to verify the status, the accuracy of the title of the trade and the legitimacy of the institution that delivered it.