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Updated almost 3 years ago on . Most recent reply

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Glenn Barlow
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64
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When to partner - or not

Glenn Barlow
Posted

Looking to get some input from the BP community on 'investment partners'. Right now, I am scaling pretty well, (started with 2 units in January and growing to what will be 63 units by October), but the idea of a partner keeps coming up on BP podcasts and also other YouTube channels. 

i definitely want to scale as fast as I can, but is it best for me to just keep going as I am, or to start to take on partners/investors who can help grow faster - but with the caveat of having to give something up (control/profits) at the same time. 

Any input would be greatly appreciated! Thanks BP fam

Most Popular Reply

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,589
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

There are only 3 reasons to form  partnership.  If the potential partner doesn't fit into one of the 3 reasons, don't partner with that person.  The 3 reasons are:

1 - The Partner must do something you can't do.

2 - The Partner must do something you don't want to do.

3 - The Partner must do something you shouldn't do.  Just because you can do something, doesn't mean you should.

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