Guidant Financial Group Blog

One of the great things about Guidant’s 401(k) small business financing solution is that, in addition to enabling individuals to finance their business with their retirement accounts, it allows partners to pool together these same tax-deferred monies. Without the disqualified parties’ restrictions, 401(k) small business financing allows family members, friends and colleagues to go into business together with the same ease, regardless of their familial relation.

Something that the 401(k) small business financing solution cannot do for you, however, is choose your business partner – that’s completely up to you!

As a new article in Forbes points out, it is very important to think through your choice of a business partner thoroughly (see What to Look for in a Perfect Partner). Even the little things can turn into big problems later (think Apple’s Steve Jobs and Stephen Wozniac, as the article points out).

Some things to consider when looking for a business partner, according to Forbes:
• Complementary Skills
• Ability to Listen, Strength to Disagree
• Clean Track Record
• Solid Contacts
• Common Goals

Come to think of it, that’s a pretty good list of traits to consider when looking for any kind of partner!