Need advice! Where to find a business partner and or cfo for a startup?
How should I go about finding a business partner for a retail business in Los Angeles? Any suggestions?
You can find a financial backer through a peer-to-peer lending program. There is one called Lending Club and another called Prosper. Someone who lends you money might want to be involved in the business too.
Another option (admittedly, it takes a while for this one to work) is to go to business school and make connections. Most of the value in a MBA degree is making business contacts, so something might come out of that.
You can always approach your siblings and parents, but that really depends on what your family is like!
I have a person who lives in the LA area who could possibly help. Her name is Kathy Gunderson. You can look her up on Facebook and talk to her about it. She would be willing to help.
paxwill- thank you for the suggestion to look at peer to peer lending. I didn't really think about it as a place to find business partners.
johnnystorm- i tried looking kathy up but several people under that name came up so I'm not sure which one is her...
My advice is to only work with someone you are completely comfortable with. Made that mistake once myself =/
A business partner must share your passion and vision and one that you can trust. How do you go about finding that person - one way is ask friends or go to an employment agency and see how many are looking for work in your field.
Sit down and talk with them about who they are and what drives them - remembering that a partnership is easily fractured for either vision or creative differences and don't forget the work equation - what type of worker are you - that's want you want in them.
A cfo should not be a partner unless that person knows the accounting and financial field, will not spend all their time with numbers And will tell you exactly what's going on.
Accouting is my back ground and am doing a web site bout it.
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