Where Do You Start When You Want To Find A Business Partner?

Beau · 09-19-2008, 10:09 AM

Hi Warriors - Here's my question:

Short, simple and straight to the point:

Where Do You Start When You Want To Find A Business Partner?

Any suggestions?

:-) Beaumont

Treece · 09-19-2008, 10:18 AM

I roll over in bed and open my eyes! Seriously, after trying many partnerships, I realize that it always get too complicated and the best way is for me to outsource to get the help I need.

Elmer Hurlstone · 09-19-2008, 10:31 AM

If at all possible try to get involved in local networking events.

Meet, socialize and get to know people. Nothing beats looking a person in the eye and shaking their hand. Not that it's infallible. The best con-men (con-persons?) are affable, personable and convincing.

Networking has the advantage of seeing if you and someone else have--at least initially--compatible personalities.

Discussing business--where you're each at and where you want go--is critical.

Even more important may be you and your potential partners view on "how we're going to get there."

Look for a person with complimentary skills. Find someone with skills and/or abilities you either don't have or haven't developed--and vice versa.

Go slow! Play around with ideas. Do a small thing or two together before trying to jump over the moon.

Rely on your gut. If something doesn't feel right don't do it!

Elmer

PS. Fortunately I have a great business partner. And, yes, we did meet at a networking function. We've been working together for several months without a hitch.

nipit007 · 09-19-2008, 12:19 PM

Where Do You Start When You Want To Find A Business Partner?

If you need help try outsourcing first. Most people, but not all, will be much better off.

Paul

valerieSONORA · 09-19-2008, 12:25 PM

I don't have a clue. I would like a business partner myself because I have plans and ideas I'd like a partner to work with, but I really don't know how they find each other. I decided I can't find one because I don't know the first thing about how potential business partners meet up.

Well maybe this thread will give someone a niche idea. Questions that need answers, problems that need solved, people that ask for help give ideas for new niches.

Dave777 · 09-19-2008, 01:17 PM

Change your mindset a little and get into crowdsourcing and joint ventures...

Interesting opportunities and possibilities...
Crowdsourcing Directory ? The Revolutionary Power of Crowds

Dave

Emailrevealer · 09-19-2008, 01:37 PM

The first question I ask when condidering a partner is "What do I need you for?"
If I can hires someone or outsorce it I do that first. I hate to give up equity and only did it twice and still regret it.

matthewd · 09-19-2008, 02:12 PM

The first partner I had was someone more successful than me that had knowledge but not enough time so he needed me to do the work to his site that he told me how to do... that turned out very great for me.

The second partner just started as a friend. We met at a conference and started emailing and giving each other advice... then we decided that we both had a lot to bring to the table and could do some great stuff if we worked together, so it went from there.

The key is to find someone that you trust with everything you have. There are other things such as making sure they are not lazy and stuff but trust is key.

summer07 · 09-19-2008, 10:29 PM

I personally like the idea of a JV partner better. It's a shorter term relationship, for one project. If it works out, then you can do more projects. It's kind of like dating before you get married.

Audre

DanGTD · 09-20-2008, 02:43 AM

Avoid business partners.

Fabian Tan · 09-20-2008, 03:49 AM

The person you go into business with will not be the same as the person who leaves the business with you.

Fabian

09-19-2008, 10:09 AM	#1
Beau HyperActive Warrior War Room Member Join Date: Mar 2005 Location: , , Australia. Posts: 348 Thanks: 0 Thanked 10 Times in 6 Posts	Where Do You Start When You Want To Find A Business Partner? Hi Warriors - Here's my question: Short, simple and straight to the point: Where Do You Start When You Want To Find A Business Partner? Any suggestions? :-) Beaumont
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09-19-2008, 10:18 AM	#2
Treece Business Mom War Room Member Join Date: Dec 2006 Location: CT , USA. Posts: 337 Thanks: 12 Thanked 7 Times in 3 Posts	Re: Where Do You Start When You Want To Find A Business Partner? I roll over in bed and open my eyes! Seriously, after trying many partnerships, I realize that it always get too complicated and the best way is for me to outsource to get the help I need.
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09-19-2008, 10:31 AM	#3
Elmer Hurlstone Senior Warrior Member War Room Member Join Date: May 2006 Location: FLUSA Posts: 1,331 Thanks: 283 Thanked 263 Times in 111 Posts Social Networking Contact Info	Re: Where Do You Start When You Want To Find A Business Partner? If at all possible try to get involved in local networking events. Meet, socialize and get to know people. Nothing beats looking a person in the eye and shaking their hand. Not that it's infallible. The best con-men (con-persons?) are affable, personable and convincing. Networking has the advantage of seeing if you and someone else have--at least initially--compatible personalities. Discussing business--where you're each at and where you want go--is critical. Even more important may be you and your potential partners view on "how we're going to get there." Look for a person with complimentary skills. Find someone with skills and/or abilities you either don't have or haven't developed--and vice versa. Go slow! Play around with ideas. Do a small thing or two together before trying to jump over the moon. Rely on your gut. If something doesn't feel right don't do it! Elmer PS. Fortunately I have a great business partner. And, yes, we did meet at a networking function. We've been working together for several months without a hitch.
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09-19-2008, 12:19 PM	#4
nipit007 HyperActive Warrior Join Date: Jul 2007 Location: , , USA Indianapolis In Posts: 211 Thanks: 2 Thanked 2 Times in 2 Posts	Re: Where Do You Start When You Want To Find A Business Partner? Where Do You Start When You Want To Find A Business Partner? If you need help try outsourcing first. Most people, but not all, will be much better off. Paul

09-19-2008, 12:25 PM	#5
valerieSONORA formerly annoyedgirl War Room Member Join Date: Nov 2007 Location: USA. Posts: 1,337 Thanks: 161 Thanked 183 Times in 122 Posts Social Networking	Re: Where Do You Start When You Want To Find A Business Partner? I don't have a clue. I would like a business partner myself because I have plans and ideas I'd like a partner to work with, but I really don't know how they find each other. I decided I can't find one because I don't know the first thing about how potential business partners meet up. Well maybe this thread will give someone a niche idea. Questions that need answers, problems that need solved, people that ask for help give ideas for new niches.
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09-19-2008, 01:17 PM	#6
Dave777 Advanced Warrior Join Date: May 2008 Location: Western Canada Posts: 824 Thanks: 29 Thanked 149 Times in 127 Posts	Re: Where Do You Start When You Want To Find A Business Partner? Change your mindset a little and get into crowdsourcing and joint ventures... Interesting opportunities and possibilities... Crowdsourcing Directory ? The Revolutionary Power of Crowds Dave

09-19-2008, 01:37 PM	#7
Emailrevealer Opperman Investigations Join Date: Feb 2007 Location: Las Vegas, Denver, NYC Posts: 797 Blog Entries: 13 Thanks: 19 Thanked 24 Times in 20 Posts Social Networking Contact Info	Re: Where Do You Start When You Want To Find A Business Partner? The first question I ask when condidering a partner is "What do I need you for?" If I can hires someone or outsorce it I do that first. I hate to give up equity and only did it twice and still regret it.
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09-19-2008, 02:12 PM	#8
matthewd Licensing Pro War Room Member Join Date: Aug 2007 Location: Springfield, MO Posts: 838 Thanks: 92 Thanked 44 Times in 34 Posts Social Networking	Re: Where Do You Start When You Want To Find A Business Partner? The first partner I had was someone more successful than me that had knowledge but not enough time so he needed me to do the work to his site that he told me how to do... that turned out very great for me. The second partner just started as a friend. We met at a conference and started emailing and giving each other advice... then we decided that we both had a lot to bring to the table and could do some great stuff if we worked together, so it went from there. The key is to find someone that you trust with everything you have. There are other things such as making sure they are not lazy and stuff but trust is key.

09-19-2008, 10:29 PM	#9
summer07 Audre Hill: Pro Writer War Room Member Join Date: Aug 2007 Location: Northern California, USA. Posts: 422 Blog Entries: 2 Thanks: 146 Thanked 116 Times in 73 Posts Social Networking	Re: Where Do You Start When You Want To Find A Business Partner? I personally like the idea of a JV partner better. It's a shorter term relationship, for one project. If it works out, then you can do more projects. It's kind of like dating before you get married. Audre
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09-20-2008, 02:43 AM	#10
DanGTD Active Warrior Join Date: Sep 2008 Posts: 82 Thanks: 0 Thanked 5 Times in 4 Posts	Re: Where Do You Start When You Want To Find A Business Partner? Avoid business partners.
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09-20-2008, 03:49 AM	#11
Fabian Tan FabianTan.com War Room Member Join Date: Nov 2006 Location: Singapore Posts: 3,478 Thanks: 217 Thanked 385 Times in 119 Posts Social Networking	Re: Where Do You Start When You Want To Find A Business Partner? The person you go into business with will not be the same as the person who leaves the business with you. Fabian
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