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Updated about 7 years ago on . Most recent reply

User Stats

538
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431
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Bryan Blankenship
  • Investor
  • Cincinnati, OH
431
Votes |
538
Posts

Best ways to find the RIGHT Partner, COO for my company

Bryan Blankenship
  • Investor
  • Cincinnati, OH
Posted

I am looking for outside opinions on the best ways to find a rockstar COO/business partner for my company.

We are an Ohio based firm doing 15-20+ deals monthly.  Flips, Rentals, MF, Wholetails, Commercial Flex/Med space, etc.  

I've worked with many folks in the past, including attempted partnerships, some of which were less than honest and did not work out at all.  Some were good and honest, just NOT the right fit personality/goals wise.  

Obviously, local networking is the first answer to my question.  REIAs, etc.  I already know that and I'm looking for OTHER methods.  Most of those folks just want to see what they can learn from you, not build a brand and build a team and grow into the future.  I get 10 "pick your brain" requests daily....that is NOT the type of person I'm looking for.  

Where else would you look to find someone that has the right synergy to bring into your business as the COO and even a potential partnership basis?  Headhunter?  FB referrals have never worked out well.   

I need someone with the strong suits that I do not have to compliment me.  Attention to detail, marketing, tech experience, HR management, etc. 

In true Traction style, I am the Visionary and I am looking for the right Integrator.

And no, this is not a 50/50 partnership offer in any way.  We are already far too established to offer someone to come into that situation, so this would be a profit share, COO, small ownership interest scenario.  

Any feedback, ideas, suggestions, etc are very much welcome.  Thanks!

Most Popular Reply

User Stats

538
Posts
431
Votes
Bryan Blankenship
  • Investor
  • Cincinnati, OH
431
Votes |
538
Posts
Bryan Blankenship
  • Investor
  • Cincinnati, OH
Replied

Great advice @Brian Bradley and good timing as well!

Since this post I have a COO coming in 4 weeks now. Leaving a bigger more structured firm to come to my smaller 12 person office and help us continue our measured steady growth into the future.

And everything you said comes into play.  NCNDA created by our attorney is very specific, and I had just engaged a recruiter to find this person several weeks ago when I found them in my network instead.  

They get to "create" their own salary in a way.  A fair normal base, but heavy rewar to the upside.  Our motto is simple:  We pay for performance, not for bodies occupying chairs and it goes for our CEO/COO down to the newest Admin we bring in.

Thanks for the advice!

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