How to find the best partner
2011/03/09 6:00 AM
If you know me at all, or have read my bio, you know I've had many partners and investors during my entrepreneurial life. Experiences that were good and bad (well, mostly bad if you must know the truth), but experiences that I learned a lot from. I want to share my tips on how to really look at a partner to see if they are the right fit for you and your company. I have also called upon my experts to contribute their thoughts to help you be really clear about your decisions!
People bring on partners for many many varied reasons. It might be just because we are lonely, or we think that if someone else took on 50% of the responsibilities the business would flourish, or even that we hope someone we think is smarter than we are will save the business with their fabulous knowledge……. all valid and all for the wrong reasons.
I like to look at what this partner and you can do as a TEAM.
Depending on the structure of your deal, this could involve them buying (giving you money) into your company, or simply giving sweat equity for a percentage of your company……or both.
When deciding to bring on a partner, I like to ask myself these questions:
1. Am I doing it for the money?
2. What are they contributing that I cannot?
3. What business tactics, systems or connections are they bringing to the table that will benefit us?
4. Would I partner with them if I had all the money in the world?
5. What is their best attribute?
6. Do they have integrity?
7. What makes them as committed as I am to the business?
8. How did they react to the shareholder or partner agreement?
9. Do they have characteristics I don't like? If so, can I live with them?
10. Do they keep and honor their commitments?
Every time I have honestly answered these questions, the partnership has been a success and one that has flourished!
Related posts
There are 3 comments
CORLINE says:Thank you for some great information to think about. I appreciaate it!
[…] How to find the best partner – The Entreprenette Gazette […]
I’m impressed, I must say. Seldom do I come across a blog that’s both equally educative and interesting,
and let me tell you, you have hit the nail on the head.
The issue is something too few men and women are
speaking intelligently about. I am very happy that I
found this in my search for something relating to this.
Leave a comment
Want to express your opinion?
Leave a reply!
Leave a Reply
Testimonials
I’m already getting orders from the email with the updated pricing that I just sent to my current st… Read more
Makeup Junkie Bags
"20px" /> the website looks great. I am so… 
Are you thinking of getting your products into magazines?![]()
Good idea!![]()
![]()
That is a fast track to getting more credibility for your brand really quickly. ⭐️![]()
![]()
I have been in Instyle over 6 times and I want to teach you how to get into magazines too!![]()
![]()
Check out this video and book a call on this link with me so I can share how to do it.![]()
sarahshawconsulting.com/sarahshaw/![]()
![]()
❤️ Sarah![]()
![]()
#sarahshawconsulting #entreprenette #beyourownboss #femaleentrepenuer #femaleentrepenuerlifestyle #womaninbusiness #bossbabe #productresearch #productdevelopment #mistakeshappen #smallbizcoach #businessgoals #businessstrategy #growyourbusiness #businessplanning #momsinbusiness #mompenuers #solopenuer #entrepenuerwoman #businessbuilding #coachingbusiness #businesstraining #leadership #femalebusinesscoach #onlinebusinesscoach #leadersinheels #ceoofmylife #thehustleisreal #confidencecoach #productcoach
Are you a designer who dreams of making your business a success? Do you want to learn the secrets to getting into boutique stores, pitching magazines, and working with celebrities and influencers?![]()
![]()
Do you know that all of this is 100% attainable if you just know the insider method? I really want to share this information with you to help you cut the learning curve and get to success faster!![]()
![]()
If this is you……. then my FREE Facebook Community, Growth for Designers, is where you need to be![]()
![]()
The Growth for Designers Group is a safe place to ask questions and get help from me or others in the group. My goal is to help you to start or scale a business that goes the distance.![]()
![]()
I’ll share my hard won knowledge and help you avoid pitfalls, give you specific instructions on how to move forward and what your best next move is.![]()
Yes – this where you need to be if you’re making it your mission to make this business a success.![]()
![]()
The Growth for Designers Facebook Group is a community for designers just like you to get advice and help from myself or more advanced members.![]()
![]()
If you’ve been looking for support on how to get into boutique stores, learn how to find and pitch magazine editors, and consider working with influencers or getting celebs to use your products, you need to be here.![]()
![]()
I have the 411 on exactly what to say and pitch that I’ll send you as a welcome gift. Get my exact template and method to pitch store buyers so you sound like a savvy Entreprenette, and a copy of my pitch letter to celebrities as well.![]()
![]()
Join now: sarahshawconsulting.com/sarahshaw/growth-for-designers-facebook-group/![]()
![]()
#sarahshawconsulting #entreprenette #beyourownboss #femaleentrepenuer #femaleentrepenuerlifestyle #womaninbusiness #bossbabe #productresearch #productdevelopment #mistakeshappen #smallbizcoach #businessgoals #businessstrategy #growyourbusiness #businessplanning #momsinbusiness #mompenuers #solopenuer #entrepenuerwoman #businessbuilding #coachingbusiness #businesstraining #leadership #femalebusinesscoach #onlinebusinesscoach #leadersinheels #ceoofmylife #thehustleisreal #confidencecoach #productcoach
Are you looking to make your company bigger in minutes? Yes, MINUTES!![]()
![]()
This may sound unrealistic, however, if you take into use these tips, your company will see immediate growth!![]()
![]()
When your company grows, it becomes easier to attract new customers since they will see you as a more well-known, successful company from which they will want to buy from. But how do we get here in just minutes? Well first, simply creating a new email address and hiring an “employee” to handle all incoming mail gives the immediate impression that you have a large company. ![]()
![]()
This is just a quick and easy example of what you can do to grow your company in just minutes! Read more about growing your company here: sarahshawconsulting.com/make-your-company-appear-bigger-in-minutes/![]()
![]()
#sarahshawconsulting #entreprenette #beyourownboss #femaleentrepenuer #femaleentrepenuerlifestyle #womaninbusiness #bossbabe #productresearch #productdevelopment #mistakeshappen #smallbizcoach #businessgoals #businessstrategy #growyourbusiness #businessplanning #momsinbusiness #mompenuers #solopenuer #entrepenuerwoman #businessbuilding #coachingbusiness #businesstraining #leadership #femalebusinesscoach #onlinebusinesscoach #leadersinheels #ceoofmylife #thehustleisreal #confidencecoach #productcoach
In this podcast, I really get to know Becca Brown. She is such an enthusiast about her brand and products that you totally see why Solemates are a girl’s best friend.![]()
![]()
Who’d a thunk that heel caps would be such a big thing right? We’ve all been to grass party events, and weddings where your heel just sinks down and you know your shoes are ruined…. Or they need an emergency trip to the shoe doctor right?![]()
![]()
Becca and her co-founder Monica had the same experience over and over again until they had their ah-ha moment…..and grass events were never the same again!![]()
She and I chat about how they started at night and on the weekends, got on Shark Tank, didn’t take the deal, pursued sales on their own, are now in over 10,000 stores and still do the sales themselves. Whew!![]()
![]()
Tune in to the podcast to find out! sarahshawconsulting.com/podcast/solemates-are-a-girls-best-friend/![]()
![]()
#sarahshawconsulting #entreprenette #beyourownboss #femaleentrepenuer #femaleentrepenuerlifestyle #womaninbusiness #bossbabe #productresearch #productdevelopment #mistakeshappen #smallbizcoach #businessgoals #businessstrategy #growyourbusiness #businessplanning #momsinbusiness #mompenuers #solopenuer #entrepenuerwoman #businessbuilding #coachingbusiness #businesstraining #leadership #femalebusinesscoach #onlinebusinesscoach #leadersinheels #ceoofmylife #thehustleisreal #confidencecoach #productcoach
Do you have an online Store and want to get your products into Boutiques? 👗👠👜👚👓![]()
![]()
Stores are looking for awesome new products from designers and fashion entrepreneurs just like you every day.![]()
![]()
But you have to know the RIGHT way to approach them if you want them to take any notice of you!![]()
![]()
Over the past 20 years, I’ve built a treasure trove of secrets for launching your line, getting your products into stores and boutiques as well as getting your products to A-List celebrities, growing my own companies, and those of my clients quickly.![]()
![]()
My own products have been in over 1,200 stores and boutiques across the country, including Anthropologie, Nordstrom, Barney’s, Henri Bendel, Fred Segal, Neiman Marcus, Saks 5th Avenue and Bloomingdales.![]()
![]()
Amazing right? This is available to you too!![]()
![]()
Want to learn how I did it?![]()
![]()
Book a call with me today and let me show you how you can get your products into the hands of celebrities, featured in magazines and into stores by following my system.![]()
![]()
You can book your call right here 👉🏼https://sarahshawconsulting.com/sarahshaw/apply-case-study![]()
![]()
#sarahshawconsulting #entreprenette #beyourownboss #femaleentrepenuer #femaleentrepenuerlifestyle #womaninbusiness #bossbabe #productresearch #productdevelopment #mistakeshappen #smallbizcoach #businessgoals #businessstrategy #growyourbusiness #businessplanning #momsinbusiness #mompenuers #solopenuer #entrepenuerwoman #businessbuilding #coachingbusiness #businesstraining #leadership #femalebusinesscoach #onlinebusinesscoach #leadersinheels #ceoofmylife #thehustleisreal #confidencecoach #productcoach
