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how do we find business partners ?

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Co-founders are the result of a mutual interest in a business niche, collaboration on a business plan and resulting role definitions and ownership share via an operating agreement, stock, investment, or other forms of contribution in operating responsibility. ("Sweat Equity" for instance, is a form of ownership acquired via an agreement to supply professional support at no cost for a designated share in the business.)

Make clear to those you approach that the above processes will be considered and followed. The professional appeal of it will appeal to them.

Keep in mind there are several types of individual associations available to small business, depending on the roles in supporting the enterprise. Examples:

A. PARTNERS AS OWNERS: These are individuals who are declared founders, entitled to financial proceeds from the business profits and with a role in decision making to which they are entitled by their names appearing on the business registration as the accountable individuals for the firm.

B. PARTNERS AS MANAGERS: Individual employees who are the leadership element of the firm and report to A. above. They can also be owners.

C. INDUSTRY PARTNERS: Firms or individuals outside the company who team with the startup in the pursuit of business for mutual benefit. This includes joint ventures, teaming agreements and contractual arrangements that have specific market targets and well defined segment of business sharing.

D. PARTNERS AS EMPLOYEES: Many companies refer to employees as partners because the company offers stock ownership and/or the operating culture of the firm entails a close involvement of individual employees in the operating and decision making process.

Recruiting for each of the above roles is different. Carefully defining these roles for candidates in the above partnership types as the company seeks to find them is vital in advertising, networking and interviewing individuals to fill them.

Report Kenneth's answer

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You can find business partner through people or person who are interested with your business.

Report Erick's answer

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A good business partner must have certain qualities, have the same vision and values as you, have work experience, and also be responsible. You can find like-minded people among colleagues, relatives, and friends, in special urban communities, at business events, business forums, and social networks. The main thing is to distribute and prescribe your duties and be sure to sign the contract (https://ivypanda.com/essays/partnership-law-for-business-partners/).

Report Elizabeth's answer

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It is important to know your business partner as trust is very important in business. Your local community groups (Church, Mosque, Temple, Clubs, etc) is a good place to start. Social groups that you belong to which may be online usually have family and friends that you share common interests with.

Report Shadrach's answer

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