Finding a Business Partner to Help With Cash Flow
When looking for a business partner, it helps to check with friends and family that can be trusted and who are like-minded financially. Discover how to get a small business loan from a bank with advice from a college business instructor in this free video on business planning.
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Hello, my name is John Niemira and I'm an instructor here at Steven Henager's College in South Lake City, Utah. And I was going to talk to you briefly today about finding a partner to help you with some cash in your business. There's a couple different ways to do it. I am a business owner and happen to be a business owner. Best is to start with your family, first of all. See who has an interest in it. See who in the family, any relatives. Secondly, ask some friends that you feel that, that you trust, that you would be good partners with, that you get along with. It has to be somebody that you agree with and like-minded. Third of course could be the bank. You could always go to a bank and ask for a small business loan. It's kind of difficult and long process; but if you have a good idea and a good business, they're always willing to work with you. Fourth would be the small business administration. Small business administration gives loans to small businesses like your own; to help support and finance these companies. So that's probably four good ways to go. One other option would be online. Online they have a couple different websites that hook up finance people with people with good ideas in businesses. So try those first five things and see how that works for you. For anymore information on this topic or any other business topic, you can contact me directly at my email firstname.lastname@example.org