Print Article for : Looking For A Business Partner

Your Online Guide » Guide to Technology » Guide to The Internet

[L526]Looking For A Business Partner

by Sandy Reed, San

It's understood these days, in a world in which business can span the globe, that no one person knows everything it takes to make a business work. There are many diverse issues that you have to deal with as a new business owner. Just "getting it done" could be financial suicide. How do you know when and where to get help? Feeling stressed, burned out, or unsure of what direction to take next are good indicators that it may be time to seek out a mentor.

You may choose to seek out a mentor through a networking organization or an association in your field of business. You can also call SCORE (Service Corps of Retired Executives), who will connect you, free of charge, to a business mentor. When we began building our construction business full time, I hired a business coach who was also a retired contractor. He gave us advice and support throughout the start-up phase of our business.

The value of having a mentor is learning from their experience and sharing your ideas with a non-biased person, who can help you reach your goals much faster than if you're working on your own. A mentor can also help you with work/balance issues and other decisions that may not be business related.

In my experience, however, the first place to start is by listening to your #1 mentor, your own internal counselor. Some may prefer to call it your intuition - or gut feelings. I recently read a story in the July 2007, Science of Mind magazine that demonstrates why you want to listen first to your #1 mentor.

In 1957, Dr. Leo Windecker had a dream to build a light weight composite airplane made from reinforced plastic. His idea for this revolutionary accomplishment was based on his understanding of the strength and efficiency of human bones. The more he focused on his dream, the more ideas came into his consciousness. He was shown ways to construct a foam and fiberglass airplane that would be light weight, but strong enough to bear the weight and force required for an airplane.

In 1969, Dr. Windecker realized his dream when the FAA certified the first all-composite airplane ? the Windecker Eagle. When asked where his ideas came from, this was his reply.

"I pretend that there is a vast library ?out there', filled with all the information in the universe. I describe the problem to the ?Librarian' and turn it over to Him to search the library for the solution. I keep a legal pad by my bed so I can write down His solutions if they come to me in the middle of the night, which they often do."

Are you making use of the ?Librarian' as you're building and maintaining your business? If you're having doubts about this unconventional method of getting advice, just ask yourself where else you can get a lifetime of first hand knowledge about what has or has not worked for your particular lifestyle and business goals?

My coaching request for you is to listen first to your #1 mentor, before seeking outside advice and opinions. While it's true that no one has all the answers, including yourself, your intuition is a superior starting point and can guide you to the best sources for the answers you're seeking.

In the Internet marketing business, connections are everything. Establishing the right business ventures and transactions with the right people is very contributory to the success of your business. So what are the elements of a good partnership?

Rapport

You don't necessarily have to know each other's favorite color, but you must be able to get along with each other on a personal level. The best business ventures are those where you can be both professional and comfortable at the same time.

While transacting and doing business with a long time friend can sometimes be a disadvantage because of the risks of overfamiliarity, doing business with a person means you must still like him or her at a certain degree.

Credibility

Credibility is important. If you are working with a business partner, he or she must inherently be able to deliver what he promised and not flake on his or her end of the bargain. Credibility is not measured in one's qualifications, but more on the previous transactions made with other previous business partners.

It might do you a lot of good to research or get a background checks for good measure. We hate to make up a suspicious vibe, but at least we must be free of scammers, who are just as willing to swindle people into getting money the easy way.

Mutual Trust and Respect

You must be able to respect your business partner, and vice versa. The mutual trust and respect fosters the best of the synergizing of your marketing capabilities. You cannot expect to earn much from people you do not trust, and in the same way, you cannot expect the best from someone who does not really trust and respect you.

Common Ground or Business Visions

Also, when you are looking for a business partner in one or more of your ventures, you must have some common ground by which you will work, common standards at some degree and if at all possible, the same wavelength of business visions.

This is something you can find from people who are working for the same target market and working within the same area you are working on. You will definitely find things to be pretty rewarding and less contrasting if you have something in your businesses which you can find to be in common.

The Win-Win Factor

Ultimately, the best business ventures are those where both parties win. You must find a business partner who will want you to flourish as much as he or she will flourish and work together to cooperate and not to compete for the income.

This win-win situation will not only boost you and your partner's business, but it will also make you establish good business relations which can be a start for more equally rewarding business ventures in the future.

Article Source : Pg. 37

About Author

Both Sandy Reed & Joel Christopher are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Sandy Reed has sinced written about articles on various topics from Home Improvement Contractor, Health and Finances. Sandy Reed, Certified Life Coach, ex-corporate manager, and small business owner, is the coach to call for support when you’re ready to break out of the corporate rat race, and create a life of freedom and flexibility. Visit her website at. Sandy Reed's top article generates over 74000 views. to your Favourites.

Joel Christopher has sinced written about articles on various topics from The Internet, Network Marketing and Marketing. is a best-selling author, speaker and mentor, known worldwide as The MasterListBuilder.To find out more on how you can triple your leads, sa. Joel Christopher's top article generates over 201000 views. to your Favourites.