Investor · Syracuse, NY · Member since 2017 · 24 posts · 1 vote
Hello BP!
Just sharing a little wisdom that I wish I had early on. No matter how great you are alone, there is someone out there who compliments you as a BUSINESSMAN. I'm not saying this someone has to be your friend or has to be someone who thinks exactly like you. I'm saying there is someone out there who will make you better.
Use your connections. Offer value for value. Don't try and use people like stepping stones. I used to tell people to bring me off market deals and I would give them just a commission; now I try and bring them in on the deal and build relationships with them. I've seen much more growth when I've brought other skilled people in rather than try and do it alone.
I suggest finding someone who helps balance your weaknesses. If you're old, look for a young and hungry partner or mentee. If you're young (especially) I implore you to go find an experienced person in your field of interest and try to add value.
As a follow up, today my business partner caught something that would’ve been a crucial mistake because he was looking at the deal through a different point of view.
Absolutely true. Me and my brother are always looking for new connections and especially have been looking for a mentor/ business partner. We realize that we can not grow anymore because of being spread too thin and capital restraints. Spreading the load always helps!
@Peter Bezuidenhout, totally agree. Working with my business partner has allowed me to grow faster and more efficiently than I had ever thought possible. More investors. More properties. More challenges. More everything.