QuestionsCategory: businessHow to find a business partner to expand
Fernando asked 2 years ago

What is the best way to find a business partner to help us to create our own clothing lines and open another store in London

3 Answers
Facebook Profile photoJon Kruse Staff answered 2 years ago

Why do you need a business partner for that?
 
Everyone looks out for themselves. So any business partner wants to see that it will benefit them. But most people search out a business partner because they cant do it themselves or arent successful. If you just stick to running your company and being profitable you will find people that want to be business partners with you.
 
If you arent profitable no one is going to help you.

Fernando answered 2 years ago

Agree with you for a certain extent but not fully. Not everyone is looking for a business partner is seeking help or simply because they are unsuccessful. We are looking for a complementing partner who can share knowledge, contacts and help each other to grow a business. We rather have a piece of a big pie opposed to a small whole pie. Our current brand is strong, online shop & presence, actual shop is doing well and it is debt free and 100% funded by our own money.
If we are to work with a partner to create our own lines, it will improve the gross margins further which will benefit the business and new investor and also a shop in London will expand our market share as we are unique with our concept.
With EIS granted, and established / proven business concept with the first shop, it is a good time for a new partner to join in to grow the business together. Of course it will help everyone not just us nor just them.

Facebook Profile photoJon Kruse Staff answered 2 years ago

Look for companies and people that you could be possible partners with… but don’t ask them for anything.
 
Everyone wants something but if you focus on just the connections they will be much more willing to help you out in the future. Maybe even give you refrences to other people that could help you.