TIPS & GUIDELINES
Entrepreneur Seeking Business Partners
There are many avenues to connect with business partners and investors today, but picking a potential partner’s or investor’s interest and maintaining that interest long enough to bear fruit, requires some mastery. Before delving into the 10 time-tested ways to get in touch with the right business partner or investor, let’s take a quick look at the difference between these 2 partner types.
Investors Looking For Entrepreneurs
Finding new investment opportunities that will be profitable with a fairly low risk can be as much of a challenge for you as an investor as it can be for a budding entrepreneur or startup business owner. In fact, you may not realize that as an investor in this situation, you actually have more in common with a business owner than you may think and possibly have a higher risk since your primary contribution is the money you invest, while the potential business partner will typically have brought other assets or skills to the venture that may or may not have monetary value.
Buying a Business Or a Franchise
While setting up a business may seem like the best bet to a majority of entrepreneurs; there are many advantages to buying an already established business for sale, some of them quite hard to overlook. For starters, the owner wouldn’t have to delve into the important aspects of building inventory, taking stock of the market and building a reputation, as these are indicators which accompany a good business model.
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