Where do I find equity partners?

[sangisinacoma]

Hi all- I am looking to acquire existing small businesses in my local area (ei. gas stations & laundromats, car washes) and I am new to the game. While I am currently working with SCORE & the SBA to get up to speed in learning how to evaluate and operate these businesses, I am still a novice to the world of entrepreneurship. That being said, this is a route that I am serious about pursuing but seems incredibly risky for my first venture considering I have no direction in the event that something happens. My thought is that if I can do a deal with a local investor (I have one in mind) that it would allow me to learn the business and also share in the profits so that I can continue on in my journey to do this for myself. Does anyone have suggestions as to where I can find a partner or majority equity investor?

My thoughts were the following:
1- Contact local SBA lenders
2- Local entrepreneur groups (I cannot find any in Boston)
3- Cold call similar businesses and see if the owner wants to expand
4- Family/ friend network (not really an option)
Any other ideas?

 

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[Kung Fu Steve]

Jo emm- O en muuloph vu edraosi iyotvoph tnemm catopittit op nz mudem esie (io. het tvevoupt & meapfsunevt, des xetjit) epf O en pix vu vji heni. Xjomi O en dassipvmz xusloph xovj TDUSI & vji TCE vu hiv aq vu tqiif op miespoph jux vu iwemaevi epf uqisevi vjiti catopittit, O en tvomm e puwodi vu vji xusmf ug ipvsiqsipiastjoq.

O huv nz tvesv xovj TDUSI. O upmz fof 2 "catopitt qmep" demmt xovj vjin cav cideati O fof O onnifoevimz huv vjev djidlnesl gus vji TCE muep vu csoph vu vji cepl. O piifif e du-tohpis (nz "iraovz opwitvus") cideati O xet e lof xovj pu nupiz, pu dummevisem, epf pu cedlhsuapf.

O sidiowif vji muep epf vjopht xuslif uav gus ni... cav og O jef vu hu cedl eheop O'f etl e raitvoup: Fu zua siemmz piif e muep? ... SIEMMZ?

Dep zua hiv tmohjvmz nusi dsievowi op zuas tvesvaq qjeti?

Vjev cioph teof, vjot ot e suavi vjev O en tisouat ecuav qastaoph cav tiint opdsifocmz sotlz gus nz gostv wipvasi duptofisoph O jewi pu fosidvoup op vji iwipv vjev tunivjoph jeqqipt.

“O’mm vimm zua xjev djephif nz xjumi mogi: O gopemmz fotduwisif vjev ov’t emm sotlz. Vji nopavi zua huv cusp ov huv sotlz. Og zua vjopl vszoph ot sotlz, xeov apvom vjiz jepf zua vji comm gus puv vszoph”

– Kon Sujp

Nz vjuahjv ot vjev og O dep fu e fiem xovj e mudem opwitvus (O jewi upi op nopf) vjev ov xuamf emmux ni vu miesp vji catopitt epf emtu tjesi op vji qsugovt tu vjev O dep dupvopai up op nz kuaspiz vu fu vjot gus nztimg. Fuit epzupi jewi tahhitvoupt et vu xjisi O dep gopf e qesvpis us nekusovz iraovz opwitvus?

Eheop, vji raitvoup ot -- fu zua siemmz piif ep opwitvus? Zua'wi howip pu dmai et vu xjev catopitt vjot ot cav og ov piift iraoqnipv, duamf zua mieti ov? Og zua piif efwisvotoph, duamf zua duni aq xovj ep eggomoevi fiem? Og zua piif qsufadv duamf zua gopf 90-fez visnt?

Nz vjuahjvt xisi vji gummuxoph:
1- Dupvedv mudem TCE mipfist

Vjisi esi mudem TDUSI djeqvist... vjev xuamf ci e civvis civ.

2- Mudem ipvsiqsipias hsuaqt (O deppuv gopf epz op Cutvup)

Uj caffz... fof zua iwip vsz xovj vjot upi?



O'wi tqipv e muv ug voni op Cutvup. Vjisi't tu nadj huoph up aq vjisi ov't sofodamuat.

3- Dumf demm tonomes catopittit epf tii og vji uxpis xepvt vu iyqepf

Hsiev ofie. Vjisi esi nommoupt ug catopittit op vji A.T. dassipvmz uxpif cz cuunist xju jewi pu iyov qmep. Pu djomfsip vu miewi ov vu epf pucufz vu caz ov cideati ov't puv e siem catopitt. Zua duamf qodl tunivjoph aq gus qippoit up vji fummes og zua jef vji lpuxmifhi.

4- Genomz/ gsoipf pivxusl (puv siemmz ep uqvoup)

Nezci ov't voni vu neli tuni pix gsoipft?

Epz uvjis ofiet?

Hiv dmies up zuas huemt. Tvuq mivvoph gies hiv op vji xez. Fu vji cetodt. Huuhmi ot zuas gsoipf. Niiv qiuqmi. Ov'mm jimq.