Loading...
Answers
MenuHow to find a great partner?
I am a start-up and I am looking for a great partner who can join me to do my online business.
Answers
By connecting with people, talking to them, building momentum, and investing enough time to explore goodness of fit. Don't be in haste to onboard one as you would encounter too many "Yes-Sir" and "Me-Too" kind of guys. But, in a long run it's pragmatic thinking and synchronization of vision that matters. Otherwise, either you or your partner will end up sitting back home,trying to establish everything around cocooned comfort of home than in right market.
Use professional social platforms like Clarity etc to scout for right people. Otherwise, advises are always free!!
Finding a co-founder is almost like finding The One, but as Anna from Frozen learnt, you don't marry someone you just met. You need a relationship, a history together or even some mutual friends.
Like in dating, prince(s) charming doesn't have to answer a "list of criteria" in order to be a goof match, but he or she must have complementary sides in his or her skills (and preferably personality as well) or there is a small chance to have a synergy in you two building a company together.
Now that you know all this, start by looking at your friends, and at your friends friends. Can any of them be the right fit? If not, there are a lot of Meetups and other events that declare that they are co-founders "matching events". look for them and start dating. It is not idle but can be successful.
another way, that in my opinion is more risky, is post am ad on LinkedIn and in the right groups on Facebook, you will find great people there, but you will have to work harder on building your relationship, as personal relationship between the partners is not only very important, it's vital.
Good luck
It's not easy. But first, ask yourself why you need a partner. In most cases you don't "need" one. If you need help with your start-up, find a mentor. You can often just pay the mentor per hour or give them some share in your business if you are short on funds. This approach is usually better than finding a partner. Partnerships are typically formed among friends, colleagues, etc. To me, it seems like you just need some general help/guidance and not a partner.
Feel free to contact me and provide some information about your start-up. Depending on what you are doing, I may be able to help you.
Finding a great partner in business i much like finding a great partner in life. It takes time for both of you to know and understand each other. Rushing in because it's the thing to do is a recipe for disaster. Make sure you have the similar world view, values and vision for the future. Working on projects together is a great way to "date" - get to know a prospective business partner. I'd recommend it as part of the due diligence for anyone looking to form a legal partnership. As one entrepreneur shared with me "I've been through a divorce and a break up with a business partner. The divorce was easier".
If you are really lucky, your partner will also have a family that taught him or her how to be that way. Having in-laws who treat you like a member of the family will make your life much nicer. Make sure the person you are seeing does not smoke, even if you do. If you cannot talk to your partner or cry on his or her shoulder, it's not going to be a good match. If you are a tactile person, you need to be with someone who shares that desire. A sense of humor can help you overcome many of life's obstacles. There are no guarantees in life. Picking the right person for the right reasons at the right time is an art form.
You can read more here: https://www.psychologytoday.com/intl/blog/emotional-fitness/201110/10-tips-help-you-pick-good-partner
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Related Questions
-
If a new partner is going to buy into our business, should he give us the money as shareholders or should he invest the money into the business?
Yes, it depends on what the goal is. If the company needs the money to grow, for example, then the company would issue new shares and the money would go into the company. Your ownership would be diluted but you'd own a smaller piece of a more valuable company. You also need to consider what the investor thinks is going on. Does he believe that he's 'buying in' to your company so you can 'cash out' in part. Or does he believe he's helping to fuel growth? Watch this video I made on this topic a few months ago.. https://youtu.be/1EjKjSAd1F8 If you'd like to discuss your specific situation, just arrange a call. Thanks David C BarnettDC
-
How do you determine partner equity?
Hi, great question. You determine the value of the business before the partner joins, then you determine the value of what they bring. You then issue new shares to them. I made this video which may clear things up a bit for you. https://youtu.be/1EjKjSAd1F8 And this one about share dilution: https://youtu.be/FtogXYXCC1s If you want to discuss your specific circumstances, please feel free to request a call. David www.DavidCBarnett.comDC
-
How should I structure my real estate partnership?
I've been a commercial real estate broker for 5 years now and have ventured into a handful of business partnerships - some have worked and some have nearly ruined me. What I find, on a surface level, is that you must absolutely share the same VALUES and MISSION as your potential partner. Having even stake in the game also helps, as it avoids one partner eventually grabbing "the upper hand". If you are not bringing cash or equity to the table, be prepared to demonstrate how your hard work can be translated into $ value. If you have more detailed scenarios or questions, feel free to bounce them off me at anytime. Cheers! -S.SD
-
How do I deal with a partner/investor that hasn't delivered on his end of things and now wants his money back?
This sounds as a deja vu to me. I have been in a similar situation back in 2000, we could only solve the issue thanks to a good mediator. However every situation is different and hence your route to a solution might be different. It also depends where you are in the world that defines how an email and/or verbal agreement might be a sufficient ground for legal actions. I am not a lawyer and can not judge that.PS
-
Finding a co-founder for a non-coder/developer isn't easy. At all. How can I find people interested in joining me in my new project?
What city are you in? Are you talking about your product or do you keep it secret? Finding a team is one of the most difficult parts. Make sure you ask friends of friends if they are interested. People often forget to tap their network to find talent. There are a lot of events that help find startup co-founders. Cofounders lab does a meetup group, you might want to check that out. Hope this helps.CZ
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.