10 Types of Business Partners
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- เผยแพร่เมื่อ 3 ก.ค. 2024
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Patrick Bet-David talks about the 10 Types of Business Partners you need to be aware of. Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here (my.community.com/patrickbetdavid)
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find a business partner that compensates for your weaknesses
Thanks for this
It helped me to think more clearly
The timing on this video is perfect for my life.
ash vent What are you working on? :)
If you want to be my business partner at a business worth €1.3Million in assets please contact me on my email : notice anyone can qualify this is not based on experience I'm just looking for a partner.
Email:elevencapitals@gmail.com
Same dude
Wow !!!! I literally just went through this (the hard way) but it was the best thing me and my partner could have done .. not even a month later after we settled our differences and made certain commitment changes did we get an offer that we had been praying for for the past 2 years of our start up ! Great video
The Bank = Silent Partner
Truth---financial partners are problematic relationships forever .
I would recommend to be the 100% owner .....and set up comp plans with your key employees that align with your business goals .
Then you can make these 10 types of people feel like they are partners ,but are your managers and employees not your financial partners.
You are so right, two-person business partnerships NEVER work out. Someone has to be in charge. Don't believe me? Start a business with a partner and talk to me in a couple of years. I guarantee you in time you will think the other person is a complete asshole.
Notification Squad. Thankyou Mr. Patrick.
Pat uploading a video on Christmas Eve. Gotta love the man.
Happy holidays to all valuetainers!
Don't forget Uncle Sam. He's everyone's silent business partner, like it or not 🥺
Sounds like La Cosa Nostra
🔥🔥🔥🔥🔥🔥
Amazing!!! Thank you soooo much!!!!!!
Learning a lot about myself and this helped a lot! Thank you!
Fantastic video! I really needed the strategic part!
*Who you work with can help or hurt you in business. Choose your partners wisely.* 👍
Thank you Patrick
Pat never fails to help 🙌🏼🙌🏼
Awesome that didn't feel like 10 mins, absolutely awesome keep going n thank you again!
Thank you great video
This man is such a great teacher
This is comprehensive video Thanks Pat
Thanks Pat. Great video
Merry Christmas Mr. Pat and to the Valuetainment team. 😁😁🎄🎄🎅🎅
Real spill!!
After forming partnership with people on two business ventures this year , I’ve come to realize that it’s better to run my business alone and hire people instead
Bank partner then, if you need the capital that is
@@alfredo6000 How do you get a bank partner? So I’m looking for a business partner but I have bad credit because I’m in a consumer proposal but I have a great business idea and I have already come up with 90% of the business my only thing I’m lacking is the finances to get started
yo
Prefect timing for this video! Potentially have a great running mate
If you want to be my business partner at a business worth €1.3Million in assets please contact me on my email : notice anyone can qualify this is not based on experience I'm just looking for a partner.
Email:elevencapitals@gmail.com
Good info-keep it coming!
Clear the air!
Spot on.
Man this is definitely going to help me next month
I was the bank and the work horse, he was the leaner and guilt tripper with family. It didnt work out well. And he still thinks I did him wrong 😅
Why did you do that. To do him a favor? Sounded like a boss/employee relationship
@@westcoasthustle6133 No but thats how it worked out. We had a 50-50 agreement at the beginning, for time and money that we will invest. But then he started to have different priorities and excuses. One excuse was that he was building a house so he didnt have money, second was that he has kids so he didnt have time. I was willing push the project for some time untill he handles his personal stuff but After 6 months he started to act like he is the brain behind the entire project and that it is expectected of me to do the work.
Ofcourse this happened after I had developed the product, have it patented and ready to market.
Thats when I had enough.
I’ve been watching a lot of your videos lately and have really felt inspired. I was wondering if you could do a top ten books a new entrepreneur should read? Thanks for everything you do to help people.
th-cam.com/video/PYNNmb_JjJ4/w-d-xo.html - VT Team
Damn always do great job Pat!
Wow. Thanks a lot.
You're our hero Patrick ai bots consultancy team
Great video. Trying to learn and absorb as much as I can re: building a business and knowing whom to partner with is a key element.
BTW Pat, you look like a badass with the buzz cut, but like a stud with the current hairdo. Keep this one.
If you want to be my business partner at a business worth €1.3Million in assets please contact me on my email : notice anyone can qualify this is not based on experience I'm just looking for a partner.
Email:elevencapitals@gmail.com
Great content
Pbd thanks! I designed a brand that I think will rock. 4 people love it so far and I'll get more feedback on it. I ordered 2 of your books. I'm learning
Ultimate gold
Good data points. 👍
For a second there I thought the title said “10 Types of Business Parties” 🎉
Someone who has asked about going into business together has traits of the Leaner, ATM and loose lips. Thank you for confirming this.
You have been doing a great job, Patrick, esp for people with interests in entrepreneurship and some business ideas. Quick question, if you have these 2 options; a) having the tech person as a partner in the business to develop the app, handle the tech side of the business and only participate in equity/ownership and 2) hire them for the app development job, pay them off and run with the app they developed. What factors would you consider and what would your decisions be given any number of different scenarios you may come up with?
How did this work out for you? As a former tech person and now a business coach, I'd say the following. First, if you go with cheap contractors, you will eventually get bogged down with low quality and spend more time trying to get them to fix their bugs than on your business. Eventually, you'll need to hire someone at a reasonable salary to clean it up. However, if you've got a good short-term plan, you're good at marketing, and you only need a simple solution, that might get you where you need to go in the near term.
If you go with the short-term contractor fix, invest lots of time into research. There are offshore companies who do okay quality, but you're going to have to reach out to recent customers, get examples of their actual work (not just portfolio), and what it's like to work with them.
In the long term, you're going to want someone who has ownership of the product, and that's either going to have to be a decent salary or making them a business partner if you can't swing a competitive full-time salary yet.
I think many of us would like to thank you for the amazing content you provide for free!
I want to help people to live their dreams by using their habits with my yt videos. Thank you so much for your help!
10-4 thanks
I'm ending my business partnership this month. I should have watched this video before deciding to partner with a "LEANER"
Thank you for the insight PAT, you're a GEM!
Hi there, how did your experience go in terms of leaving the partnership? I’m currently in the same position as yourself
Can you make a Video about trust issues?!
Me and most of my friends just can't trust anyone to do something for us!
Patrick, can you do a 2020 video, similar to the one for 2019
If you want to be my business partner at a business worth €1.3Million in assets please contact me on my email : notice anyone can qualify this is not based on experience I'm just looking for a partner.
Email:elevencapitals@gmail.com
Black board video!
Notification Squad! o7
Wow!
Wow!
damn I love you Pat not even 5 seconds into the video
I need a business partner to support my company
How we can trust a guy as a business partner ? I mean if i haven't met him most of my life and met him recently ?? Please give me an answer .
Im little youtuber ,and reely need this tips,, tanks pro
This is a Nice video.... So inspiring but do anyone knows about expert Mrs Alice. Mrs Alice is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Alice I thought I' m the only one trading with her
She helped me recover what I lost trying to trade my self
Yes I'm also a living testimony of expert Mrs Alice
Mrs Alice has changed my financial status for the best.all thanks to my aunty who introduced her to me
Thanks for the recommendation
I’ve followed PBD for years, and tbh my life hasn’t changed. Lots of his content speaks to business owners/people who already have a business. What channel can show me how to start?
I feel u. I wrote a book that can answer that for you. I can send you a free copy if you're interested.
MadInk1 please do! Can you please forward it to me? If it helps me i will spread it to more people. Ppcharoki@gmail.com
Cool. Check your email. Maybe in ur spam folder if u dont see it
MadInk1 I checked it out but the discount code wouldn’t work. Why can’t you just send the pdf? If you want me to pay for it, I don’t mind either.
Got it?
Pat Can You PLEASE Go Back With The Old Outro? Thanks, fits more with the status when someone finishes your video and closing it inspiring. it just more appropriate!
Our company does over $50k/month and we grew it in less than a year and my partner is a leaner. I can’t stand it.
Hello
Here s a scenario
Company X
Partner 1 will invest his full time in the company
Partner 2 Owns another company but wants to come join company X as he doesn't see his company making good money. He will not invest his full time in the company.
Partner 3 has a regular job and won't be a full time as well.
So how do you suggest, partnership %, profit and operation expenses % to be shared would work.
Idea of the company was of only Partner 1.
Partner 2 and 3 says they will only join company full-time when there is enough profit and won't join until then.
Also, when they see profit and join they would want additional share.
What kind of breakup should be made for profit, expenses, and how to take it forward?
Ahh, love your content these days! Again, very relatable. Recently started my 2nd venture, picked up one tech co-founder with whom I already got a business (IT service business), and another tech co-founder who I am yet to test on reliability. There are 2 guilt trips in our trio, both with kids, myself included :) But it's the vice versa: childless co-founder who shames us. He has a point, though, no offense, but sometimes it's an issue. It's always hard to find the right co-founder, but I already know that I prefer to work with tech guys. :) Thanks for the vid!
@victor welkoms I've already got co-founders for the current projects, but let's connect on LinkedIn and see if we're a fit on each other. Happy upcoming!
@@OlgaPogozheva Hey, how have those ventures gone? Give us an update! (Or connect on LinkedIn, I'd love to hear about it).
I'm starting my own cosmetic line and I really wanted my one friend to be my business partner because she took a college course in cosmetics, but she has put no money towards the business and I put a total of $800 she keeps saying that she can't fund the business because she's too poor yet she can afford to buy takeout weekly and wants to spend her entire tax return on a stuffed animal... She's 25.. where I spend my entire tax return on funding the business. After watching this video I have messaged her that she will not be a business partner and the reasons why and I'm hoping it doesn't ruin our friendship. But At the end of the day I'm putting business before friendship
Has anyone got any experience with having a ‘leaner’ business partner?? I have just split from a partner who was leaning, I am now trying to buy him out & struggling to get him to see the difference in value input from both sides.
Any feedback would be more than appreciated💎
omg! i though this was an old video... Patrick look younger lol
I can’t seem to find one
boss/bottom line/strategic
Call me whatever, but i'm crying now dealing with a business partner and i'm not sure what i have to do :(
What happens when you address the issues multiple times but the same behavior continues ? I’ve been struggling with this problem of giving people a chance to grow & develop but at the same time I feel myself suffering due to that same reason because I feel as if I’m being held back while trying to grow the company
@@tt-tk9076 How has this turned out for you?
It really depends on if you're getting what you need. When I coach people with dysfunctional partners or employees, I typically them identify what they need and set boundaries. Focus less on what the other person is doing and more on what you need and what your options are if those needs are not met.
Sometimes you find that you're not happy with a person's performance, but it doesn't affect you that much. When I talk to a C-suite exec, for example, who can make money, likes what they do, but is around other execs that are absentee or dysfunctional. They know they'll leave sometime, but the company meets their needs at the moment.
Other times, you find that someone is not consistently meeting your needs. Framing the conversation as, "I need X, but I'm not getting it." makes it easier to have difficult conversations without (necessarily) having an argument. As long as the X is specific (not I need you to work harder, but I need someone who can do a specific task with these kinds of results), it clarifies what needs to be done. I worked with an employee once who barely got any work done but honestly thought they were doing a good job. I went through the specific expectations of the role, and how I would support them. They actually ended up leaving themselves because they realized they couldn't meet those expectations.
But they were able to recognize that the job wasn't a good fit because I made it about very specific outcomes on specific tasks, not just "you're not working hard enough."
I have been in business for 15 years managed to avoid business partners
How do you know the leaner doesn’t feel the other one is the boss and vice versa
that car mechanic would be bandaid guy if he recomedned you that fix and charged 50 bucs.
In this instance he charged you thousands, which makes him a scammer, not a bndaid guy.
😂😂😂
I have started a business gotten the LLC in the State of Alabama,but have not got a bank nor EMI or office how do I resolve the business LLC
What if I have just gotten my LLC Alabama but haven’t got it a bank office or EMI or office Right now I want to reserve the license and a business name but form another business for myself without him
if I take $1.00 from 500,000 people, and I tell them everything I'm doing, in the quarterly meetings of the business, are they investors? are they partners?
My bp told me Easter 🐣 bunnies snitching 😂 I’m eating carrots 🥕 now tho think I’m Bugs n lola bunny 🐰
7, man this rule is so underrated, keep your family and business completely separated :D
"Can we talk? Yalla start!" 8:56
Was the Arabic word spontaneous or meant to be used? :)
Great video by the way.
He actually said ”Can we talk, yeah lets talk” but ok
Im currently lookin for a business partner to open a club. hmu if you like minded
Bizz owner/partner is 87 years old ... with attitude of I am 51% .... he's taking the 51% to the grave ... dementia... does things he doesn't know he's doing ... his family doesn't care because if they take him out of his routine he'd be lost
Introduce me to the bank
I currently have the opportunity to partner up with a leaner/the bank (my brother). I think I'd rather take the Drake approach. "Started from the bottom, now I'm here". 👉 💵💵💰💰
🇵🇷🤙🏽🤙🏽🤙🏽🥕😂🐰🐰
🇹🇿📌
Stressful to listen to...
Dear God please send me a husband who acts like a business partner🙏🏻
Is this satire?
Dafuq that spiky hair?
I'm ending my business partnership this month. I should have watched this video before deciding to partner with a "LEANER"
Thank you for the insight PAT, you're a GEM!
How'd that end up?