this post was submitted on 15 Nov 2023
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So I have a business partner. I met him in a Facebook group. We’ve been partners in our digital marketing agency for 4 years now.
He lives in North Carolina, I live in California. I’ve NEVER met him in person. Never. But I talk with him on the phone every work day multiple times a day.
It’s definitely unusual, and we recognize that, but it’s working and we don’t want to fix something that isn’t broken. We do over a million a year in revenue.
It’s 2023, so distance is not an end all. But if you don’t trust your brother on his own, that’s another story. My partner and I both carry our weight which is why it works.
Had a business partner with whom I met up face to face regularly. He was supposed to do the sales and help getting a market fit due to his experience and contacts in the industry.
I designed and built the app, set up the server and infrastructure, bought the domains etc. But despite his father owning a large company in that industry, he couldn't even get them to use it for free. Not because the app didnt work, we tested it and everything worked fine. It was even in use at his fathers company for a short while as we temporarily had a customer relationship manager who pushed for it. Once she left, it all fell apart and my partner did basically nothing but talk out of his ass.
I ended up scrapping the thing and focusing on an industry where I have experience and contacts, but the lesson is: face to face contact doesn't do shit if your partner isn't willing to get the job done (he seems to have been excited at creating something but far less excited with actually running it).
Totally agree with you. I met my 2 business partners in a different City 2hrs away from mine, and we've been in ecom for 3 years now. It's all about responsibility and productivity. Found an interesting article of skills every Entrepreneur should have, and thought it would help you. https://www.cuppa.so/post/8-skills-every-entrepreneur-should-have