When starting a new business or trying to help your expanding business needs, entrepreneurs tend to get into one serious trap. They’re trying to act simultaneously. As a matter of fact, you might start thinking it’s high time to find yourself a business partner.
When looking for a business partner, we seek fresh ideas, a helping hand or maybe just simply want to find a colleague who will share the same passion for your lifework. But how do we cultivate an ideal business partner from nothing and not get cheated at the same time? Today, we will share top-8 ideas on how to find a perfect match for your business you will not regret.
1) Choose the partner you can trust
Trust is probably the main aspect of finding a good fit for your business needs. But at the same time, it is one of the hardest ones to implement, to say the least.
Going through a background check, using one of the trusted people-search services like Nuwber is always a good idea. Would you risk your lifetime’s investment, knowing your friend, relative or industry expert had arrest records in the past? You may never know what is hidden from you. Historically, the road to disaster has usually been paved with good intentions and grave errors of judgment.
2) Dive deeper into your past or present co-worker pool
Most of us feel more comfortable and confident with the people they already know and trust. In case you worked with someone before, you probably know their pros and cons that can help your business grow faster and gives you a great advantage over dealing with a person you never worked with.
But why would you choose that way? The answer is simple, your possible partner is already knowing what your business is about and moreover, you know the person is reliable, never misses deadlines or working from dusk to dawn in the way you do.
3) Offer a partnership to your friend
Even though most of the experts would dissuade you from inviting your friend as a business partner, but there are countless successful businesses that were launched by close friends, from Warby Parker to AirBnb.
But there’s one serious drawback that should be considered: in case your business relations go sour, there’s a big chance you will end up being not friends anymore.
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4) Consider working with your relatives or family members
Even though setting up a business together with your family member may be similar to inviting your friend to join, but with a high chance that you will not be able to break up so easily. This could be either a positive or negative aspect, depending on how you look at it.
Probably the most distinctive feature of this kind of partnership is that you were probably raised to have the same or similar professional ethic and, in general, the same point of view.
5) Use social and professional network systems
Did you know that over 122 mln people received their job offers through Linkedin? In nowadays digital world, we can clearly see the increasing power of finding your future partners online. Your co-worker might come from a different industry or even different managing property, which will definitely make a huge impact on the diversity of your company in the fast-paced environment.
Try luck by looking at one of the many professional associations in your country: a simple Google search will reveal dozens if not hundreds of new great opportunities. Don’t forget about professional conferences and meetups in your professional area.
6) Visit local business meetups or industry-experts training to look for your partner
In case you’re looking for a true industry “veteran” there’s no better place than going on a local entrepreneurs meeting or industry conference. You will basically kill two birds with one stone by improving the level of your knowledge and finding possible business partners. Why not use that opportunity?
In case you’re operating somewhere in the area of a well-known university or school, try finding your partner from the uni freshmen that are seeking for a good start.
7) Find the partner that is looking to be successful
You should find the person who is as passionate as you are. Business partners that share the same philosophy usually drum up each other on a long-distance, which leads to a healthier climate between them in general.
Why does this matter? Because spending nights thinking of better process implementation or other important features will finally reflect on work results.
Why does this matter? “Because if they are spending their own free time to attend. Going through all the ups and downs together will unite you in a true business concrete structure.
8) Consider a partner from a different industry
While this may sound like complete nonsense, finding a business partner with different working experience, skills and expertise may bring you more good than bad.
For example, in case you have great technical knowledge of your product, you might have hard time launching marketing campaigns and calculating your taxes every year. Bringing a marketing or economical expert will leverage your strengths and weaknesses.
To sum it up, having a trusted partner will most likely lead to the success of your business, but you should never rush with anything on the way. Finding a perfect match is hard, but rather avoid being with someone who is not sharing your passion and goals as it will only lead to the collapse of the whole system.
Even those entrepreneurs life is hard, the most successful businesses were founded by people who loved what they did and shared their passion with their co-workers.