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How to find a motivated business partner?
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1.Find someone who genuinely enjoy,like and trust:Trust is an important factor because mistrust is difficult to overcome and may lead in the failure of your business.
2.A person who shares your values:Successful partners agree on standard decisions,regardless what is desirable or not.Your values shape your personal and professional identities.When values of both the partners align they make congruent decisions and are united.
3.An individual with complementary set of skills:Successful partners possess different set of skills.The broader the range of their skills, more beneficial it would be for the business.
4.Find someone who gives and takes:Partners should believe that there rewards are equal.Casual acquaintance would help in keeping track of benefits they exchange.
5. Someone who wants to grow and will support your growth:They should be adaptable to changes which would help in the growth of the business and benefit them individually as well.
6.Person who can share your vision:Vision reflects the future of an organization.When partners share different vision they can easily become disconnected.In order to get benefit of shared vision it is necessary to create a vision,translate vision into action and selling the vision to others.
7.Find someone who is prepared for the end:An exit strategy should be included in business plan.Without exit strategy partners may face difficulty in making crucial decisions while their business is not doing well.It is an important aspect but is often neglected.
It's very expensive to hire employees -- especially in the San Francisco Bay Area. I wish now that I had taken the time to go out and find a good business partner and give him/her equity in the company. The right partner can create synergy and make the work much more exciting and fun. Of course the wrong partner can make life a living hell, but because of my limitations and focus issues, I think partners are definitely the way to go.
Which is why I'm here on this site...
Some criteria for choosing a strategic business partner is based on the following questions you should ask yourself:
ok
Does anyone here actually know WHERE to find a business partner instead of this basic common sense advice???
At the same time, what can you recommend to protect the idea of my startup?