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How to find business partners or Mastermind partners – Ask Evan


hi I’m Evan Carmichael welcome to the

hi I’m Evan Carmichael welcome to the edition of ask Evan I just closed my

edition of ask Evan I just closed my

edition of ask Evan I just closed my video here today I’m answering a

video here today I’m answering a

video here today I’m answering a question let me find it no not that one

question let me find it no not that one

question let me find it no not that one back back back back back back back here

back back back back back back back here

back back back back back back back here from Marty’s all right so Marty wrote in

from Marty’s all right so Marty wrote in

from Marty’s all right so Marty wrote in saying hey Evan I have a question

saying hey Evan I have a question

saying hey Evan I have a question instead of blazing the trail on your own

instead of blazing the trail on your own

instead of blazing the trail on your own where do you go about finding business

where do you go about finding business

where do you go about finding business partners or even better mastermind

partners or even better mastermind

partners or even better mastermind partners who are the same level as you

partners who are the same level as you

partners who are the same level as you are and will help you to create better

are and will help you to create better

are and will help you to create better ideas and be more productive it seems

ideas and be more productive it seems

ideas and be more productive it seems like it’s the hardest thing in the world

like it’s the hardest thing in the world

like it’s the hardest thing in the world to find those types of people so thanks

to find those types of people so thanks

to find those types of people so thanks for the question Marty’s a great

for the question Marty’s a great

for the question Marty’s a great question coming from a YouTube viewer it

question coming from a YouTube viewer it

question coming from a YouTube viewer it is tough and congratulations to you at

is tough and congratulations to you at

is tough and congratulations to you at least a start for knowing that you can’t

least a start for knowing that you can’t

least a start for knowing that you can’t do everything on your own and for

do everything on your own and for

do everything on your own and for looking for help a lot of entrepreneurs

looking for help a lot of entrepreneurs

looking for help a lot of entrepreneurs are afraid to ask for help try to do

are afraid to ask for help try to do

are afraid to ask for help try to do within themselves and you’re you’re

within themselves and you’re you’re

within themselves and you’re you’re always limited right you you cannot do

always limited right you you cannot do

always limited right you you cannot do everything yourself you don’t have the

everything yourself you don’t have the

everything yourself you don’t have the skill set or the knowledge and the most

skill set or the knowledge and the most

skill set or the knowledge and the most successful entrepreneurs are the ones

successful entrepreneurs are the ones

successful entrepreneurs are the ones who reach out to get help and it may not

who reach out to get help and it may not

who reach out to get help and it may not be a business partner or a mastermind

be a business partner or a mastermind

be a business partner or a mastermind partner but they are going out looking

partner but they are going out looking

partner but they are going out looking for help and recognizing that they don’t

for help and recognizing that they don’t

for help and recognizing that they don’t know everything themselves so Congrats

know everything themselves so Congrats

know everything themselves so Congrats already making it past that step and

already making it past that step and

already making it past that step and recognizing that you you know do need to

recognizing that you you know do need to

recognizing that you you know do need to go find some people to help grow so you

go find some people to help grow so you

go find some people to help grow so you ask about business partners you ask

ask about business partners you ask

ask about business partners you ask about math my groups for the business

about math my groups for the business

about math my groups for the business partners it’s like getting married you

partners it’s like getting married you

partners it’s like getting married you know you have to really really really

know you have to really really really

know you have to really really really know the person before you jump into

know the person before you jump into

know the person before you jump into business together and I think a lot of

business together and I think a lot of

business together and I think a lot of entrepreneurs make the mistake of

entrepreneurs make the mistake of

entrepreneurs make the mistake of finding somebody who has a good skill

finding somebody who has a good skill

finding somebody who has a good skill set that matches what they’re you know

set that matches what they’re you know

set that matches what they’re you know not good at so if you’re good at

not good at so if you’re good at

not good at so if you’re good at operations or creating the product and

operations or creating the product and

operations or creating the product and you partner up somebody’s really good at

you partner up somebody’s really good at

you partner up somebody’s really good at sales it makes sense on paper right you

sales it makes sense on paper right you

sales it makes sense on paper right you have the skills that complement each

have the skills that complement each

have the skills that complement each other but it doesn’t mean you’re going

other but it doesn’t mean you’re going

other but it doesn’t mean you’re going to get along or have the same vision or

to get along or have the same vision or

to get along or have the same vision or have the same personality and have the

have the same personality and have the

have the same personality and have the same values right just the things you

same values right just the things you

same values right just the things you look for when you’re getting married

look for when you’re getting married

look for when you’re getting married right do we have the same values we want

right do we have the same values we want

right do we have the same values we want the same thing do we have personalities

the same thing do we have personalities

the same thing do we have personalities that that will work well together or not

that that will work well together or not

that that will work well together or not and in the first year or so of business

and in the first year or so of business

and in the first year or so of business it’s easy to get going and get excited

it’s easy to get going and get excited

it’s easy to get going and get excited because you got the momentum going you

because you got the momentum going you

because you got the momentum going you know you you have the energy and

know you you have the energy and

know you you have the energy and excitement that comes with a startup and

excitement that comes with a startup and

excitement that comes with a startup and so everybody is on the same page but

so everybody is on the same page but

so everybody is on the same page but after that you start to hit roadblocks

after that you start to hit roadblocks

after that you start to hit roadblocks and it gets tougher than you ever

and it gets tougher than you ever

and it gets tougher than you ever thought it would be and you have bills

thought it would be and you have bills

thought it would be and you have bills that are due and it becomes really hard

that are due and it becomes really hard

that are due and it becomes really hard and so that’s when partnerships can

and so that’s when partnerships can

and so that’s when partnerships can break apart and come you know have have

break apart and come you know have have

break apart and come you know have have a lot of challenges that are associated

a lot of challenges that are associated

a lot of challenges that are associated with them and so you really want to make

with them and so you really want to make

with them and so you really want to make sure you do your work before you go out

sure you do your work before you go out

sure you do your work before you go out and and bring on you know partners into

and and bring on you know partners into

and and bring on you know partners into your business

your business

your business I’ve had some businesses with business

I’ve had some businesses with business

I’ve had some businesses with business partners in the past and how I’ve always

partners in the past and how I’ve always

partners in the past and how I’ve always done it is I’ve worked with the person

done it is I’ve worked with the person

done it is I’ve worked with the person in some capacity before so it’s not just

in some capacity before so it’s not just

in some capacity before so it’s not just you know meeting somebody at random or

you know meeting somebody at random or

you know meeting somebody at random or we’ve got an event and striking up you

we’ve got an event and striking up you

we’ve got an event and striking up you know a business partnership we might try

know a business partnership we might try

know a business partnership we might try something small some kind of joint

something small some kind of joint

something small some kind of joint venture some small deal on the side see

venture some small deal on the side see

venture some small deal on the side see how we work together see if it’s a good

how we work together see if it’s a good

how we work together see if it’s a good fit or not see if I get excited about

fit or not see if I get excited about

fit or not see if I get excited about you know the phone call or meeting

you know the phone call or meeting

you know the phone call or meeting that’s coming up with that person and

that’s coming up with that person and

that’s coming up with that person and and try to get through some kind of hard

and try to get through some kind of hard

and try to get through some kind of hard point with them you know try to go

point with them you know try to go

point with them you know try to go through some kind of struggle you know

through some kind of struggle you know

through some kind of struggle you know before you get married you want to have

before you get married you want to have

before you get married you want to have gone through some tough times as well

gone through some tough times as well

gone through some tough times as well and not just experienced it good because

and not just experienced it good because

and not just experienced it good because you want to know you can last together

you want to know you can last together

you want to know you can last together through the hard times and so the same

through the hard times and so the same

through the hard times and so the same thing with a business partnership I

thing with a business partnership I

thing with a business partnership I would start it off with something small

would start it off with something small

would start it off with something small part time on the side see if you guys

part time on the side see if you guys

part time on the side see if you guys work together and then try to expand it

work together and then try to expand it

work together and then try to expand it out I’ve always started businesses with

out I’ve always started businesses with

out I’ve always started businesses with people who I know from some kind of

people who I know from some kind of

people who I know from some kind of background before so it wasn’t going in

background before so it wasn’t going in

background before so it wasn’t going in cold it was people who had some kind of

cold it was people who had some kind of

cold it was people who had some kind of relationship with and thought that we

relationship with and thought that we

relationship with and thought that we you know could be able to work together

you know could be able to work together

you know could be able to work together as business partners on the mastermind

as business partners on the mastermind

as business partners on the mastermind group side that’s another great

group side that’s another great

group side that’s another great opportunity and we run a couple of

opportunity and we run a couple of

opportunity and we run a couple of mastermind groups here in Toronto for

mastermind groups here in Toronto for

mastermind groups here in Toronto for local entrepreneurs who are trying to

local entrepreneurs who are trying to

local entrepreneurs who are trying to grow their business and I think of it as

grow their business and I think of it as

grow their business and I think of it as an informal Board of Advisors so with a

an informal Board of Advisors so with a

an informal Board of Advisors so with a business partner then you own part of

business partner then you own part of

business partner then you own part of your company with a mastermind group

your company with a mastermind group

your company with a mastermind group they don’t own part of your but your

they don’t own part of your but your

they don’t own part of your but your company but you’re all just trying to

company but you’re all just trying to

company but you’re all just trying to help each other out and I have a

help each other out and I have a

help each other out and I have a worksheet that explains how we recruit

worksheet that explains how we recruit

worksheet that explains how we recruit members and

members and

members and the way we run a group that may be

the way we run a group that may be

the way we run a group that may be helpful for you if you’re trying to

helpful for you if you’re trying to

helpful for you if you’re trying to start a group but really you have to

start a group but really you have to

start a group but really you have to make sure again you do your homework and

make sure again you do your homework and

make sure again you do your homework and a lot of these groups will just bring in

a lot of these groups will just bring in

a lot of these groups will just bring in a warm body

a warm body

a warm body you know anybody because they’re

you know anybody because they’re

you know anybody because they’re interested in signing up you have to

interested in signing up you have to

interested in signing up you have to make sure you take them through a

make sure you take them through a

make sure you take them through a process to make sure they’re going to

process to make sure they’re going to

process to make sure they’re going to fit with the group and it’s not just a

fit with the group and it’s not just a

fit with the group and it’s not just a skill set and it’s not just the size of

skill set and it’s not just the size of

skill set and it’s not just the size of their business and expertise but again

their business and expertise but again

their business and expertise but again thinking about the personality and are

thinking about the personality and are

thinking about the personality and are they of the right mindset or not to be

they of the right mindset or not to be

they of the right mindset or not to be able to fit into the group so for our

able to fit into the group so for our

able to fit into the group so for our groups we look for people who are beyond

groups we look for people who are beyond

groups we look for people who are beyond the startup stage we look for people who

the startup stage we look for people who

the startup stage we look for people who are wanting to grow business beyond

are wanting to grow business beyond

are wanting to grow business beyond themselves and there’s nothing wrong

themselves and there’s nothing wrong

themselves and there’s nothing wrong with people who are set ups there are

with people who are set ups there are

with people who are set ups there are nothing wrong with people who want to be

nothing wrong with people who want to be

nothing wrong with people who want to be one person show it just doesn’t fit with

one person show it just doesn’t fit with

one person show it just doesn’t fit with our group you know if I tried to bring

our group you know if I tried to bring

our group you know if I tried to bring something like that into one of our

something like that into one of our

something like that into one of our groups they would say no because it just

groups they would say no because it just

groups they would say no because it just doesn’t fit so you have to define what

doesn’t fit so you have to define what

doesn’t fit so you have to define what each group is about I meet with

each group is about I meet with

each group is about I meet with everybody over coffee and we see you

everybody over coffee and we see you

everybody over coffee and we see you know I learn about their business and I

know I learn about their business and I

know I learn about their business and I get to know their personality and I see

get to know their personality and I see

get to know their personality and I see that is this somebody who I would want

that is this somebody who I would want

that is this somebody who I would want to hang out with you know a lot of the

to hang out with you know a lot of the

to hang out with you know a lot of the people in our groups are kind of like me

people in our groups are kind of like me

people in our groups are kind of like me same kind of personality and that’s fun

same kind of personality and that’s fun

same kind of personality and that’s fun you know it’s fun for me because I want

you know it’s fun for me because I want

you know it’s fun for me because I want to be around people who who I get energy

to be around people who who I get energy

to be around people who who I get energy from and who I like hanging around and

from and who I like hanging around and

from and who I like hanging around and not people who I don’t look forward to

not people who I don’t look forward to

not people who I don’t look forward to seeing every month right so I meet with

seeing every month right so I meet with

seeing every month right so I meet with them over coffee we talk about the group

them over coffee we talk about the group

them over coffee we talk about the group there’s a whole process they have to go

there’s a whole process they have to go

there’s a whole process they have to go through there’s an envier they have to

through there’s an envier they have to

through there’s an envier they have to sign is that there’s a one-page letter

sign is that there’s a one-page letter

sign is that there’s a one-page letter they have to write there’s a trial

they have to write there’s a trial

they have to write there’s a trial meeting that they have to have and so it

meeting that they have to have and so it

meeting that they have to have and so it really helps weed out the people and

really helps weed out the people and

really helps weed out the people and make sure that when you’re bringing

make sure that when you’re bringing

make sure that when you’re bringing somebody in to be officially part of the

somebody in to be officially part of the

somebody in to be officially part of the group then they are accepted in terms of

group then they are accepted in terms of

group then they are accepted in terms of how to find the people a lot of it comes

how to find the people a lot of it comes

how to find the people a lot of it comes from online so we set up a website

from online so we set up a website

from online so we set up a website talking about creating the groups some

talking about creating the groups some

talking about creating the groups some of our process and people are searching

of our process and people are searching

of our process and people are searching for all sorts of different keywords and

for all sorts of different keywords and

for all sorts of different keywords and they end up finding us and contacting me

they end up finding us and contacting me

they end up finding us and contacting me a little bit happens to the word of

a little bit happens to the word of

a little bit happens to the word of mouth I think some of our members have

mouth I think some of our members have

mouth I think some of our members have come from people who are existing

come from people who are existing

come from people who are existing members and they referred their their

members and they referred their their

members and they referred their their friends and colleagues on a lot of

friends and colleagues on a lot of

friends and colleagues on a lot of people who join the groups it’s tough

people who join the groups it’s tough

people who join the groups it’s tough because as entrepreneur you don’t have a

because as entrepreneur you don’t have a

because as entrepreneur you don’t have a lot of other entrepreneurs who you can

lot of other entrepreneurs who you can

lot of other entrepreneurs who you can connect with on a regular basis not

connect with on a regular basis not

connect with on a regular basis not Sophie

Sophie

Sophie back on you know we may have friends and

back on you know we may have friends and

back on you know we may have friends and family and they they like to listen but

family and they they like to listen but

family and they they like to listen but they maybe can’t provide support because

they maybe can’t provide support because

they maybe can’t provide support because they don’t know they haven’t been

they don’t know they haven’t been

they don’t know they haven’t been through what you’re going through and so

through what you’re going through and so

through what you’re going through and so if you had a really good support network

if you had a really good support network

if you had a really good support network of entrepreneurs you probably wouldn’t

of entrepreneurs you probably wouldn’t

of entrepreneurs you probably wouldn’t be looking to join a mastermind group so

be looking to join a mastermind group so

be looking to join a mastermind group so a lot of the members don’t necessarily

a lot of the members don’t necessarily

a lot of the members don’t necessarily know other people who would be good fits

know other people who would be good fits

know other people who would be good fits and so it’s it’s you know your role if

and so it’s it’s you know your role if

and so it’s it’s you know your role if you’re organizing it to you know be the

you’re organizing it to you know be the

you’re organizing it to you know be the one out recruiting create a webpage

one out recruiting create a webpage

one out recruiting create a webpage promote a little bit and get people

promote a little bit and get people

promote a little bit and get people interested you may be the phone some

interested you may be the phone some

interested you may be the phone some partnerships with other entrepreneur

partnerships with other entrepreneur

partnerships with other entrepreneur groups or government organizations who

groups or government organizations who

groups or government organizations who are promoting to entrepreneurs and

are promoting to entrepreneurs and

are promoting to entrepreneurs and here’s another resource for them to

here’s another resource for them to

here’s another resource for them to follow up on almost every city has some

follow up on almost every city has some

follow up on almost every city has some kind of government organization that is

kind of government organization that is

kind of government organization that is trying to help entrepreneurs out so you

trying to help entrepreneurs out so you

trying to help entrepreneurs out so you know let them know that you’re trying to

know let them know that you’re trying to

know let them know that you’re trying to create these groups maybe they’ll even

create these groups maybe they’ll even

create these groups maybe they’ll even help you out with it but you have to

help you out with it but you have to

help you out with it but you have to make sure you do your homework and you

make sure you do your homework and you

make sure you do your homework and you think about getting the right people in

think about getting the right people in

think about getting the right people in and skill sets you need and the

and skill sets you need and the

and skill sets you need and the personality fits and and you know do you

personality fits and and you know do you

personality fits and and you know do you want to spend the next year with these

want to spend the next year with these

want to spend the next year with these people are not are they going to help

people are not are they going to help

people are not are they going to help your business or not so it is definitely

your business or not so it is definitely

your business or not so it is definitely definitely a tough road but one worth

definitely a tough road but one worth

definitely a tough road but one worth following and think about it again for

following and think about it again for

following and think about it again for me the partnership side or for started a

me the partnership side or for started a

me the partnership side or for started a mastermind group to do your work you

mastermind group to do your work you

mastermind group to do your work you know make sure you know what you’re

know make sure you know what you’re

know make sure you know what you’re looking for in advance try something out

looking for in advance try something out

looking for in advance try something out small to start with and then invite you

small to start with and then invite you

small to start with and then invite you know then invite them for a potential

know then invite them for a potential

know then invite them for a potential further opportunity if it’s a business

further opportunity if it’s a business

further opportunity if it’s a business partnership or mastermind group but but

partnership or mastermind group but but

partnership or mastermind group but but keep looking out keep reaching out don’t

keep looking out keep reaching out don’t

keep looking out keep reaching out don’t get frustrated by the process and think

get frustrated by the process and think

get frustrated by the process and think you’re gonna have to do everything

you’re gonna have to do everything

you’re gonna have to do everything yourself because that’s always going to

yourself because that’s always going to

yourself because that’s always going to limit your thinking and how big your

limit your thinking and how big your

limit your thinking and how big your business is going to be able to grow so

business is going to be able to grow so

business is going to be able to grow so thank you for the question hopefully

thank you for the question hopefully

thank you for the question hopefully that helped for those of you watching if

that helped for those of you watching if

that helped for those of you watching if you like the video please give it a

you like the video please give it a

you like the video please give it a thumbs up below it always makes you want

thumbs up below it always makes you want

thumbs up below it always makes you want to do more videos for you and if you

to do more videos for you and if you

to do more videos for you and if you have a comment about the partnerships or

have a comment about the partnerships or

have a comment about the partnerships or mastermind groups or another question

mastermind groups or another question

mastermind groups or another question about your business feel free to leave

about your business feel free to leave

about your business feel free to leave it in the comment section below I always

it in the comment section below I always

it in the comment section below I always read those and I always answer those

read those and I always answer those

read those and I always answer those good as I can they always make my day

good as I can they always make my day

good as I can they always make my day when they do come in so thank you and

when they do come in so thank you and

when they do come in so thank you and I’ll see you on the next episode

”

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