WE'VE MOVED!

We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co

What does it take to find a business partner?

DyenDyen subscriber Posts: 2
edited October 2006 in People: Hiring, Partnering, Mentoring
Hi,
After spending my time working for others for 11 years, I finally gathered up enough courage to decide that I should go out and start my own business.
· Share on FacebookShare on Twitter Share on Google+

Comments

  • stevesteve subscriber Posts: 14
    Dyen,

    Except for the buckets of tears, I`m right there with you having
    experienced all the rest. Maybe I just haven`t gotten to the bucket of
    tears yet. Time will tell.

    All I can say is be very careful when chosing partners.

    First ask yourself, do you really need to grow so spread out? Have you
    maxed out the growth potential on even one continent? The more growth
    you can accomplish closer to home the less will be your risk.
    · Share on FacebookShare on Twitter Share on Google+
  • DyenDyen subscriber Posts: 2
    Hi Steve,
    Thanks for the input. In my business, the further I go from where I am, the more advantage it would be. The closer the targetted markets, the less advantage I would get because their country might have the same resources as mine.
    One partner could only hit certain numbers of distributors even if he`s given one continent. Finding distributors take time and it`s even harder to get the commitment of regular order. So, if I can manage to have several partners in several continents, then my business would be more secure.
    The issue now is, how to find the partners?
    Dyen
    · Share on FacebookShare on Twitter Share on Google+
  • paul2145rpaul2145r subscriber Posts: 5
    Let me know if you need connection in Russia or in the former Soviet Union. At the moment, I am living in the states, but still have connections in the area, and am fluent in Russian. I also spent 4 years in Israel, and may know a few people that may be of use to you there, as well.
    · Share on FacebookShare on Twitter Share on Google+
Sign In or Register to comment.