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Updated over 2 years ago on . Most recent reply
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When to partner - or not
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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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.