How to Find a Business Partner
From social media sites to networking and more, learn how to find a business partner who will take your business to the top.
Tired of seeing other people succeed and sure your business idea would take off? Maybe you have a great concept or a detailed business plan that is ready to go. Either way, when you’re looking for a potential business partner, you need to use all resources to find the best fit.
5 Ways to Find a Business Partner
Online groups for neighbors have become more and more popular. People love to connect with homeowners, renters, and people who live in their geographic area. This can be through Facebook groups or sites like Nextdoor. Look for people who have skills or businesses you are interested in. In addition to looking for a serious business partner, you can search for web designers, social networking executives, content writers, and more to help promote your business and make your website professional.
Don’t post your entire business plan online, but mention what it is you’re looking for and see how many ‘bites’ you get. If you want more information about the people, who contact you, and to make sure they’re legit, go to Social Catfish. The site specializes as an algorithm based reverse search engine. Fact check name, email address, phone number, images, and other details:
Craigslist is an ‘oldie but a goodie.’ While it is not recommended to use Craigslist to post open-ended requests in search of a business partner (as you’re likely to encounter scams) you can use the ‘jobs’ and ‘community’ section to search for local businesses in your industry.
Who is hiring? What companies seem to be successful? Should you connect with anyone local, consider going in person. If you do contact another business or person by email, include your professional attributes and a formal cover letter (with links to your credentials) so they take you seriously.
Selecting a business partner you trust is key to success. You already know the strengths (and weaknesses) of your co-workers, which can be a great place to start.
Think strategically – who do you get along with best and what skills do they have which complement yours? Consider financial backing – what assets do each of you bring to the table and how can you combine financial resources to become a team that utilizes your talents wisely.
Get along well with your family? The phrase ‘blood is thicker than water’ might come in handy while you develop your business.
Your family can have your back, be reliable, and you’ll want one another to succeed. Approach the family members you believe will be an asset to your business and put any agreements in writing, so they’re iron clad.
You never know when you’ll meet the right people for your business venture. The Chamber of Commerce in your area likely has local meetings where business owners can come together and network. Look for select meeting times when non-members can join the fun to see if the group will work for you!
What makes a business successful is a combination of talent, time, focus, hard work, determination, and good teamwork. Make sure your company has the best chance by thoroughly searching your business partners online.
Don’t be caught by surprise. Treat your partnerships with the same attention and research that you will find your business. Use Social Catfish and find out everything you need to know: