Blogs

What Does A Good Business Partner Look Like ?

• May 07, 2024

Could engaging with a talented Business Partner with capital be a business growth or succession option for you ? 

 A Business Partner is not like a GM that you hire on a salary to work in your business. You need someone who thinks like you.

 Knowing what good looks like in finding entrepreneurial people is a skill that can best be attained by interviewing thousands of people with this trait being considered. Luckily for you, at Platform 1 we have done this and you benefit from our experience without having to do this yourself !  It's significantly different than interviewing for salaried only staff.

 Plus these people need to be found first as they are not always watching Seek for their next move waiting to respond to your advert.

 We know what good looks like in this space and when we put people in front of you :

 - Don't be scared they appear too "high powered" or will get bored in a business your size. They won't.

- Yes they have run larger and more complex businesses, but they haven't had an ownership stake. The missing link for them is "skin in the game"

 -They will possess more horsepower to help drive your business forward than a salary only GM and can be an effective succession option as you start stepping back through a Business Owner Transition.

We know what good looks like .

About the Author

Mike Warmington is a Director of Platform 1 NZ Ltd who specialise in using executive search techniques to find people with capability and capital for SME Business Owners wanting to transition out of their businesses.