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  1. #1
    a_lifters_life is offline Junior Member
    Join Date
    Jun 2011
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    3

    Thoughts on Finding Business Partner

    I've been trying to get involved, get my name out there, and network with fellow local entrepreneurs in my area. I am a 22 year old developer/designer, student and entrepreneur at heart.

    From what I've found so far:

    People who work in industry - They say : " 'sure' I want to create a business $X and here is the idea. I kinda-sorta have time after work to work on a startup, but not much at all on weekends. "

    Students (at my current University) - "They say "oh yeah, I want to have my own business $x" and here's the idea......". They then are so focused on getting an A+ rather than a B+ (and instead striving to create a business from the ground up).

    People on Meetup Sites - They usually have an idea of some sorts, so I go to meet them locally for a meal or coffee --> they usually already have an established team of founders, or atleast one founder (who usually isnt the person I am meeting) and seem to just want to look for someone to help code $x application, without any say on the 'idea'.

    It seems students and people in industry (or individuals with families or other obligations) seem to want (or able) to do the LEAST amount of work. You would think it would be the opposite for like-minded individuals still in school..

    I will continue to keep networking locally, but it seems to people I have found just arent what im looking for. Is there something I should be doing that I'm not? Who should I try to stay away from?

  2. #2
    vampiro is offline Member
    Join Date
    Jul 2011
    Posts
    79
    The thread title caught my eye that I opted to open it immediately.

    Finding Business Partner? Well, let me share to you my personal opinion regarding business. I am involved in business online and offline. Having a business partner is not bad if and only if you know your partner very well. Someone that you can trust financially and mentally. I had a bad experience with a business partner before that is why I am not favorable with this option. It is good at the start but the relationship degrades after a period of time that we decided to split up.

    I would suggest doing a Sole Business Proprietorship. This might need more Investment but it will give some benefits:
    1. You are the boss of your company.
    2. You are the decision-maker. You need not seek others approval if you want to implement something.
    3. Whatever success and failures that might come into your business is your own fault. You will have no burden in blaming someone.
    4. If you want some advices about your business, you can hire consultants or the best brains in your society.
    5. You can control the Finance and Treasury section.

    Hope this help.

  3. #3
    daveb1 is offline Senior Member
    Join Date
    Jan 2011
    Posts
    297
    Business partners are very tricky to deal with and like the above poster said the relationship can south quick and for very unexpected reasons.

    My advice would be to start working a lot freelance jobs. You will gain a lot of experience, work with a ton of different types of people (all business minded mostly as they should be hiring you for their business) and get paid!

    The more freelance jobs you go through the better chance you have to find a suitable partner and you will even get to work with them before deciding

    dont limit yourself to a partner search locally either.

    What are your best skills. I know you mentioned developer/designer but what do you design and develop. What tangible skills do you have?
    Get fast business working capital with a business cash advance based on future - http://www.businesscashadvance.com

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