How to Choose the Right Business Partner

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  • Опубликовано: 16 ноя 2024

Комментарии • 273

  • @VALUETAINMENT
    @VALUETAINMENT  5 лет назад +7

    Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid

    • @pi777bul8
      @pi777bul8 2 года назад

      Hey Patric, is it a good idea to incorporate some of the legitimate tests for personality (Big 5, 16personalities, gallup), as well as general QI test from Mensa, when you consider partnering up with someone on a start-up? So that you can analyze the particular psyche and how it can potentially work out between you, prior to engaging into a partnership?

  • @dbroche
    @dbroche 7 лет назад +51

    It's so AWESOMELY weird how I come across these videos at just the right time when I'm entering a new stage in development with my business. Thank you Patrick & co, I'm incredibly GRATEFUL for all your hard work & energy it takes to put these together!!

  • @MsRae-ev9hs
    @MsRae-ev9hs 4 года назад +26

    I can honestly say I learned a lot from this video and it brought to my attention things I hadn't thought of for starting my own business.

  • @snarzai3860
    @snarzai3860 7 лет назад +8

    What I love about Valuetainment is that there is no episode 1-227 on the concepts. A lot of other channels have that structure and it makes it daunting to watch something thinking "what did I miss before episode 34 etc" Valuetainment is great, all things are relevant no matter where you are in business whether you are a millionaire, startup or wannabe. 👌🏽

    • @abdulmoiz7
      @abdulmoiz7 7 лет назад

      You are right, +1 Sna Rzai I think the valuetainment team may number these videos for better management

    • @wallybingbang4350
      @wallybingbang4350 Год назад

      I like Dennis Prager 'Fireside Chats' -)

  • @tanxiao7562
    @tanxiao7562 8 лет назад +28

    Meeting the family is a huge tip for me, never thought of meeting the family when hiring a new business partner or staff. great idea to put into practice. Thank you!謝謝你(thank you in Chinese )

  • @daproducer116
    @daproducer116 8 лет назад +86

    the views for this video is ridiculous compared to the amount of information being shared right now

    • @VALUETAINMENT
      @VALUETAINMENT  8 лет назад +2

      +Shawn King 👍

    • @yasirbhojani9944
      @yasirbhojani9944 8 лет назад +10

      +Shawn King Was just thinking the same thing. Guess you only attract/find the information you are really looking for and apparently, the number of people aspiring to be successful is ridiculously low :/

    • @yasirbhojani9944
      @yasirbhojani9944 8 лет назад +1

      Shawn King True!

    • @rowellc
      @rowellc 7 лет назад +1

      So true Shawn King! The value this channel, Patrick & the Valuetainment team put out is just invaluable! There is a reason there are so few successful people. You are what you surround yourself with right? In any case, this just means we have such an opportunity right now when not many other people are thinking big! Let's make the most of it =)!

    • @kehindeowolabi3802
      @kehindeowolabi3802 5 лет назад +1

      Shawn King probably because many people still lack vision. A great vision needs a great team, hence only those with great vision needs the video.

  • @RonHarveySC
    @RonHarveySC 7 лет назад +2

    business is all about partnerships. good partnerships = success. bad partnerships = failure. Thanks Pat. I will be studying this one. I found it at just the right time.

  • @nobertstanel9428
    @nobertstanel9428 7 лет назад +4

    Phenomenal episode . More than 30 tips in total , 3 books recommendations and over 30 mins of pure experience being shared. One of my favorite episodes . Downloading it right now as mp3 . Thanks VT.

  • @isaacmonson4403
    @isaacmonson4403 2 года назад +1

    This man is literally taking us young aspiring entrepreneurs to school with these videos. Pure gold, thank you sir

  • @kehindeowolabi3802
    @kehindeowolabi3802 5 лет назад

    Patrick!!!!!
    Many people will write a book out of each of your videos.
    Your content is helping my company exponentially.
    You will be coming to Lagos Nigeria within the next 5yrs except there is another company that beats me to it.
    You are my Prophet🙏🏾🙏🏾🙏🏾

  • @mollystalk8373
    @mollystalk8373 4 года назад

    I followed you because I wanted to study about a business partner to analyse why my marriage worked from an angle of planning I did. Then boom you related in all. You are a mentor I would love

  • @irwinbinamungu708
    @irwinbinamungu708 Год назад

    Oh this overwhelming good, its tough good too and the beauty with it is that it leads to better odds at not sucking in business or marriage for that matter. No single advert too, just pure solid value. Can’t believe I almost skipped this video 😅

  • @LiliansGardens
    @LiliansGardens 5 лет назад +3

    Knowing the family is really helpful. If we're going to be business partners I must meet your family... good lesson. Thanks

  • @jonathan_mcguinness
    @jonathan_mcguinness Год назад +1

    FANTASTIC PAT. The value in being thorough, especially UP FRONT is so valuable! Thank you for sharing!

  • @theunvoicedvoice
    @theunvoicedvoice 4 года назад +2

    Not only did I get a great lesson from this video, but I also got to go further into learning with the book references.
    Thank you for this video packed with golden nuggets, Pat.

  • @bietoff
    @bietoff Год назад

    191k views, its crazy that you are not getting more views on videos like this Patrick. Thank you for your knowledge!

  • @nishantmanunahi
    @nishantmanunahi 5 лет назад +3

    It was THE BEST VIDEO, I have ever watched on finding Business partner. Such an incredible content. Thank you so much, Patrick. Kudos to Team Valuetainment.

  • @fkc2107
    @fkc2107 Год назад

    Storytelling, accuracy with dates, time and places...Pat, your brain is smarter than ChatGPT and thanks!

  • @erike2343
    @erike2343 7 лет назад +1

    I've just started to work on my startup and Finally found the right channel...
    Much appreciate all those "complete" and valuable information alike other who gives half tips and ask to join a seminar for tons of money.
    Thank you Pat.

  • @Tranquilreliefmusic
    @Tranquilreliefmusic 7 лет назад +3

    how i wish valuetainment could do 101 questions before getting a business partner,,good stuff

  • @adriancanady4353
    @adriancanady4353 8 лет назад +3

    Thank you for sharing priceless information. I started last week arching your videos and have been blown away since. I can feel myself shifting. I'm an entrepreneur in Direct Sales. Pat, you have made an impact in my life.

    • @VALUETAINMENT
      @VALUETAINMENT  8 лет назад

      +adrian canady 👊🏼

    • @jj-bu6yb
      @jj-bu6yb 3 года назад

      What are your advice for someone who is starting now any business?:)

  • @christopherross8358
    @christopherross8358 Год назад

    ❤ Love how you preach about reading books 📚 Smart people read books! ❤
    Also, heads up... Vet your landlord before you sign, and if they try to rush you it's like a used car. Landlords can reck even the best startups. Hire a Private Investigator!

  • @jj-bu6yb
    @jj-bu6yb 3 года назад +2

    Thanks for being a role model!
    This channel is my online university

  • @Powerofvulnerability
    @Powerofvulnerability Год назад +1

    This is absolutely amazing and exactly what I need. I’ve been a fan for a long time and learned so much from you. Thank you for ALWAYS COMING THROUGH!

  • @BredouAlbanBrice
    @BredouAlbanBrice 7 лет назад +1

    ---How to Choose the Right Business Partner---
    Key Takeaways:
    1.3 non-negotiables
    2.Common long-term vision
    3.Values
    4.Opposing strengths (what did you bring to the table?)
    5.Clear roles
    6.Who gets credit?
    7.Financial status
    8.Purpose?
    9.Schedule
    10.Partner up
    11.Track record (What people say about you)
    12.Meet the family
    On my To read list: Working Together by Michael Esner

  • @rafizxDx
    @rafizxDx 5 лет назад

    Really get to know yourself, and what do you want out of a business partnership. Partner up, and make sure that both of you will be able to work in synergy. Make sure everyone gets value out of the partnership

  • @MrPelomix85
    @MrPelomix85 7 лет назад +2

    I consider this video as a book or a business class semester I have learned so much thank you for taking the time to instruct small business owner like me

  • @algala25
    @algala25 2 года назад +1

    PBD always delivering so much value. So great he can articulate what’s need other than experience and skills.
    Almost people missed these points.
    Thank you for sharing. So much value.

  • @JoseAnd97
    @JoseAnd97 7 лет назад

    I'm planning to build a startup and I'm really attracted to someone for partnership. This video really helped me to clarify and strengthen things.

  • @akintoyeakinsoladunamis5031
    @akintoyeakinsoladunamis5031 Год назад

    Always trust PDB wisdom.
    This is on point after 7 years
    Thank you

  • @shawnhollahan590
    @shawnhollahan590 8 лет назад +30

    Patrick.... YOU ARE TREASURE.... THANK YOU !!

    • @VALUETAINMENT
      @VALUETAINMENT  8 лет назад +2

      👌

    • @jacobtran4010
      @jacobtran4010 7 лет назад +1

      dude do you live in silicon valley, california? you would be a great mentor for me as i'm a younging starting out with 2 business

  • @jaisonstanley
    @jaisonstanley 6 лет назад +1

    Getting into a partnership , I'm thinking consciously now. Thanks Pat .

  • @TheBookofrhymes
    @TheBookofrhymes Год назад

    12 Key Points Before Choosing Business Partners
    1) Non-negotiables 14:52
    2) Common long term vision 18:50
    3) Values 19:48
    4) Opposing Strengths 20:25
    5) Clear Roles 21:33
    6) Who gets the credit 21:54
    7) Financial Status 23:35
    8) Purpose 24:00
    9) Schedule 24:39
    10) Partner Up 26:07
    11) Track Record 27:37
    12) Meet Family 27:50

  • @alvindueck8227
    @alvindueck8227 8 лет назад +1

    I'm not in any position to partner up with anybody right now, but I definitely know a guy who could really do well with this information. I've shared a few of your videos with him and I'm definitely going to pass this one on too. Thank you for always taking your time to make these, Patrick.

  • @riceshineshow
    @riceshineshow 3 года назад +1

    Choosing the ideal business partner is important! Thank you for your advice!

  • @MrJonblundmusic
    @MrJonblundmusic 4 года назад +1

    For me this makes it more beautiful for me to make a business. Thank you man. I love you!

  • @MaleahandMel
    @MaleahandMel 7 лет назад +1

    You know what you're talking about!!! I can watch your videos all day.

  • @pjwroc
    @pjwroc 8 лет назад +8

    Thanks for a great video. I thought my expectations on people are too high. I'm glad to see we share the same approach :)

  • @TheBookofrhymes
    @TheBookofrhymes Год назад

    Notes
    Finding the right business partner is like finding the right spouse.
    6-Types of Partners
    1) Equity Partner 4:37 owns a piece of the company with you
    2) Product Partner 5:18
    3) Executives 6:03 are absolute partners
    4) Different Departments 6:59
    5) Vendors, Consultants, Legal, and CPA 7:26
    6) Sharing an office building 8:36

  • @HavenatLee
    @HavenatLee Год назад

    Wow! Incredible video.. that I can only appreciate at this stage of building collaborative relationships.

  • @williambenner5550
    @williambenner5550 4 года назад +2

    This has helped to widen my perspective on finding the right partners. You constantly give me new insights on how to accomplish certain aspects pf running a business; thank you so much!

  • @nightcall7398
    @nightcall7398 Год назад +4

    You know, its almost as if running a successful business is a long-term way of life (Haha!). Great advice not just for business but, life. Thank you for this gem, Patrick.

  • @otbway
    @otbway 6 лет назад +1

    Wooooww man, this channel keep amaze me every time... Every time I have a question on how to become a better entrepreneur there is a well detailed video about it...

  • @starzhoodentertainmentltd
    @starzhoodentertainmentltd 23 часа назад

    business Academy right here

  • @pushkarbokarey
    @pushkarbokarey 7 лет назад

    Hi Patrick ,
    I am 19yrs old and i have made a design of a solar power bank and i want to start my business on this stuff because of increasing smartphone market in India, i am doing my Mechanical engineering degree here i watch ur videos daily and take tips ...just want to tell u that
    "U R AWESOME"

    • @bytler4518
      @bytler4518 7 лет назад +1

      how is your business doing

    • @pushkarbokarey
      @pushkarbokarey 7 лет назад

      Bytler its doing good for a start up just concerned about advertising.
      But surely i ll find the way into it.

  • @wallybingbang4350
    @wallybingbang4350 Год назад

    You have your priorities right. Military training is great experience for a man (I believe - I think).
    I grew up in Ireland and national service had been abandoned. I wish I had some military discipline behind me. Not combat in war, just experience.

  • @happydays7735
    @happydays7735 7 лет назад +7

    This advice is helpful for both business AND relationships! Thank you!

  • @Daya1828
    @Daya1828 3 года назад

    EXCELLENT breakdown!!!!!! Especially for understanding real VALUE. Today is Ujamaa. U hit the value right on the head. Much more than profit, strategy on value matters as paramount in business. Happy Kwanzaa!!!!

  • @stanislavklimecky8746
    @stanislavklimecky8746 Год назад

    Wow, this is great . Emazing How you Share your know-how for everybody.
    Thank you From Czech Republic ( Europe)

  • @nickwit21
    @nickwit21 3 года назад

    This guy is top shelf! Like him even more then I did when I originally just started watching his podcast interviews.

  • @davidperks7534
    @davidperks7534 Год назад

    Fantastic video. Watching such videos and learning from your experience has further solidified my decision to make 2023 the year to act on my concept and proceed with greater confidence.

  • @joelow63
    @joelow63 7 лет назад

    be very direct of what u want

  • @Kaicenatclips208
    @Kaicenatclips208 8 лет назад +3

    Thank you for taking the time to break it down step by step. Great video.

  • @123kajk
    @123kajk 5 лет назад

    this episode start slow then it gets better after min 15 .. lots of good knowledge .. recommended

  • @gtwhome
    @gtwhome 3 года назад

    Wow ... what an incredible and comprehensive talk !

  • @princeshah6444
    @princeshah6444 7 лет назад

    Sir Patrick ,
    You teach me more than what my Engineering does.
    Thanks!
    I just found out my mentor for my business.

  • @thinkingitthrough2220
    @thinkingitthrough2220 5 лет назад +1

    Thank-you, thank-you, thank-you. I would pay for this content.

  • @imjustrambling
    @imjustrambling 3 года назад

    Thank you for this video. It really helped me to pull the trigger on what I've known i needed to do for a while but reluctantly put off. I'm feeling more confident now than I have been for a long while. Much appreciated.

  • @Dhern1212
    @Dhern1212 Год назад

    Wow!…didn’t think I would watch this whole video but it was amazing!!! Your definitely right, you gotta put the work in and yes this does seem like a lot but this totally pin points every area. Awesome video Sir!

  • @rishi3186
    @rishi3186 3 года назад

    Sir great video and i personally believe in one thing that whether its a business partner or a life partner transparency is the topmost priority and it should be the topmost priority.

  • @highqualitydata6972
    @highqualitydata6972 6 лет назад

    Man,you have just given me the actual JUice extracted from the ocean of knowledge

  • @danjohnson583
    @danjohnson583 6 месяцев назад

    Curious what your thoughts are on establishing a value point when buying into a company as a partner. For example if I’m buying into a company for 30% and the economies on a bit of a downturn so the top line has decreased, but it’s been strong for let’s say 10 years prior, Now I’m coming on board to do marketing and sales and improve the brand and get more widgets out the door. Let’s say the top line starts increasing again and I want to earn more of this business toward becoming an equal partner. I am investing a substantial amount and want to make sure I cover all these bases upfront. What are your thoughts?

  • @AGD3Corporation
    @AGD3Corporation 8 лет назад +3

    many thanks sir Patrick! you are amazing.

  • @austinetemitopeoladejo2563
    @austinetemitopeoladejo2563 4 года назад

    Pat, thanks always for the great job you're doing here. I consume your contents every day.

  • @liuzhen2008
    @liuzhen2008 4 года назад

    You spend so much time with guys..

  • @joannadziokan3267
    @joannadziokan3267 Год назад

    Yes, meeting friends and family is probably the most important thing as it will show you who you are dealing with. In relationships, if a man is hiding me from them I just leave...because he is dishonest and a manipulator.
    Envy is very dangerous and will kill you. That was a good point, too.
    I'm catching up with all your vids, Patrick. Best regards to your wife, Jennifer. She must be an angel :)

  • @dubaipreneur6239
    @dubaipreneur6239 5 лет назад

    I'm glad I stumbled upon your channel. Your video is a treasure trove of entrep info. Thanks for the generous sharing of your business acumen.

  • @yarpy4927
    @yarpy4927 8 лет назад +2

    This is extremely informative. Thank you so much for making this!!!!

  • @Templares
    @Templares 3 года назад

    Amazing video, I go through a lot of these with relationships and business and I added some more thanks to this video, but I'm surprised how a lot get offended on what it takes to fill these roles on and off the job.

  • @donnnamdi3725
    @donnnamdi3725 7 лет назад

    @Patrick... Your videos have a lot of value. You guys are wonderful. Thanks!

  • @AntonyReed
    @AntonyReed 6 лет назад +1

    Wow! Amazing value here Patrick. Thank you, brother.

  • @johnnyreyna8435
    @johnnyreyna8435 7 лет назад

    i like how u put it cuz me& my wife working on this now. we learning now.

  • @rickdiaz5508
    @rickdiaz5508 2 года назад

    Thank you for this one Pat.

  • @newtonmoon
    @newtonmoon Год назад

    Some people have a toxic family, I don't think it's fair to judge them based on their family. Some may need to keep distance to avoid pain and be a better human being.

  • @Eyanlakhani
    @Eyanlakhani 7 лет назад

    Funny, CAT & DOG videos have 1m+ views and videos like this have 21k ! Thank you for the lessons and motivation ! I have pretty much watched all your videos twice, read your wiki-pedia (I wish that was more in depth) and spent hours on your business & personal site.
    I work in Real Estate with close ties to insurance industry ! We'll see you in a few years Pat. Will be great conversation. Keep inspiring !!

  • @hansfrance7243
    @hansfrance7243 4 года назад

    Exactly spot on! Many Thanks for sharing this valuable info Patrick

  • @sadramalekian6911
    @sadramalekian6911 6 лет назад +4

    This helped me a lot thanks Pat

  • @streetcarjennita
    @streetcarjennita 7 лет назад

    I am so glad I found your channel! Thank you for all that you do.

  • @Peteristrate
    @Peteristrate 8 лет назад +6

    I've been watching almost all your videos, but haven't seen anything about how to chose the right employees.
    Any tips on that ? :)

    • @VALUETAINMENT
      @VALUETAINMENT  8 лет назад +4

      +Peter Istrate Here you go :) ruclips.net/video/aH4yDBqgqOA/видео.html

  • @hungryboy1330
    @hungryboy1330 Год назад

    GREAT life STRATEGIES!!

  • @earx23
    @earx23 6 месяцев назад

    I absolutely cannot stand business partners lying. You know at some point people will just screw you over. For instance, being on dishonest about the quality of a deliverable, that's a dead ringer they're going to do it again and maybe even worse. People moving behind your back, big red flag. Tell em what you think of it, and cut ties. It will hurt for a while, because you'll need to replace them with better people, which takes time and effort, but you'll be better off in the end.

  • @MisterSatisfied
    @MisterSatisfied 8 лет назад +6

    This is excellent. I came in contact with Pat's material right at the point i was gonna give up all hope. Through these videos i realize it isn't hope or motivation i needed, but clarity.
    Many thanks for sharing these lessons! :D
    --greetings from The Netherlands

    • @VALUETAINMENT
      @VALUETAINMENT  8 лет назад

      +Mister SatisfieD 満足 Glad you found us. You can find more content on www.patrickbetdavid.com. 👍👊😎

  • @ruthchavarria119
    @ruthchavarria119 Год назад

    Thank You 🙏 Patrick

  • @JoseSantana-rw7zs
    @JoseSantana-rw7zs 8 лет назад +3

    Thank you for share this powerful info..

  • @VaughnEdmeade
    @VaughnEdmeade 8 лет назад +1

    Pat, i love your work brother. keep pouring into us!

  • @josephmwansa5403
    @josephmwansa5403 2 года назад

    Taking notes....

  • @hiddencompounder8100
    @hiddencompounder8100 4 года назад

    Always learning from this channel 🙏🏿

  • @lovelife02
    @lovelife02 8 лет назад

    This was great!...so going to share it!, why this video even got one thumbs down is beyond me.

  • @clg975
    @clg975 3 года назад

    Awesome what's common sense isn't always common practice. I just had this conversation with my partner.

  • @AdeeleLearningevolve
    @AdeeleLearningevolve 4 года назад

    Thankyou so much for explaining it so well. Loved it. I watch a lot of your videos and they are quite helpful. Keep up the awesome work 👌

  • @maribelherrero1415
    @maribelherrero1415 4 года назад

    I also learn a lot from your video.

  • @MooseBme
    @MooseBme 6 лет назад

    *Find people who's strengths, compliment your weaknesses and visa versa.
    ANOTHER GREAT VIDEO ;)!

  • @abdulmoiz7
    @abdulmoiz7 7 лет назад

    Very nicely complied and informative. Great share of valuable information and experience. Thanks in Advance

  • @chiadamian
    @chiadamian 5 лет назад

    Thank you Patrick.

  • @src4409
    @src4409 4 года назад

    NNNs- non negotiable needs. Jayson Gaddis teaches this in his relationship classes.

  • @hasen-nasen6537
    @hasen-nasen6537 4 года назад

    I started a business with a partner, she designs I sell to put it shortly. I feel our responsibilities (work) are unequally divided, I am at the end of my strengths. Also I notice our values and visions are different, or what each wants to do. Time to brake up before it moves any further? I don’t think we like each other’s family very much neither 😅

  • @jpdelete
    @jpdelete 8 лет назад +2

    Question: is there a way we can access this in script format? To study it as you suggest, I would love to print it out and analyze it manually. Thanks for this video Patrick.

  • @Aman-by9nv
    @Aman-by9nv 6 лет назад

    Patrick, thank you so much for this
    I love you

  • @stamppers
    @stamppers 8 лет назад

    Im going to use your 12 points to discuss with the team tomorrow. Thank you very much.

  • @ArifHidayat
    @ArifHidayat 8 лет назад +8

    Patrick, please do interview with Gary V, as you know he's gonna launch his book on March, and I bet he wants to be interviewed by you.
    just make sure you bring some NY Jets gift for him.
    Can't wait for that to happen , because you and him is really a practitioner

    • @VALUETAINMENT
      @VALUETAINMENT  8 лет назад +7

      +arif hidayat He reached out to us last month. I think we'll most likely do something together in the next few weeks or months. I'll keep that in mind.
      ;)

    • @hitediting8644
      @hitediting8644 7 лет назад +3

      Is this collaboration with Gary still in the works? I've been waiting for this and something with Alpha M for so long