Business partner wanted

[sundance]

I'm looking for a business partner with tech and social media skills to compliment the other business skills and experience I have.

After 15 years in the property insurance claims sector I retired when Covid hit but I'm not enjoying retirement , it aint all its cracked up to be ,in my opinion anyway !

I'm starting a new company doing exactly as I did successfully for the previous 15 years and need possibly a younger person who wants to learn all about a lucrative new business ( or perhaps they're already in the sector )

The person I am looking for should have good tech skills ,from the basics such as building our new website to ensuring that we cover socilal media advertising on all of the major platform such as Instagram TIiktok, Facebook etc .

I'm energetic and like to busy and enjoy making money so I'm looking for somebody with similar attributes but who can bring new ideas and energy to the new company.

I know the industry , I have a good compliance company to ensure we are bang up to date with legislation etc and I'm looking forward to getting back to the grindstone.

Any thoughts everybody ?

 

[japancool]

What's the pay on offer?

 

[fisicx]

I'm looking for a business partner with tech and social media skills to compliment the other business skills and experience I have.

It this a paid position? Why do you need social media skills? Do people look on FB and Instagram for insurance claims businesses?

 

[JEREMY HAWKE]

It this a paid position? Why do you need social media skills? Do people look on FB and Instagram for insurance claims businesses?

I agree with you but if the op is in the industry he must know something we don't

 

[sundance]

It this a paid position? Why do you need social media skills? Do people look on FB and Instagram for insurance claims businesses?

No, its not a paid position as in a salary ,I'm looking for a business partner to help get this new business off the ground , reason for knowledge of social media skills is because it is important in this day and age that somebody in our new company is up to speed on all the latest trends and we will will be advertising on these platforms (FB ,Instagram) for new clients , people who have suffered say a busrt pipe, a flood, or a kitchen fire and need help with all aspects of the claim from meeting the insurance company loss adjuster
and agreeing a settlement to ensuring the buildiing reinstatement works are completed to a high standard,

. I'll be focusing on winning new business and then handling the claims side whilst my new partner concentrates on promoting our services via social media hope this helps.

 

[The Byre]

I'm looking for a business partner with tech and social media skills to compliment the other business skills and experience I have.

Here's the bad news -

Hardly a week goes by without someone posting on this very forum that they have lost their business because their business partnership went t!ts-up and they have lost large sums and lost the business. Some weeks it is several such posts - partnerships are dangerous beasts!

And very often, one person with all the contacts and social media accounts, website, etc. just waltzes off with all know-how, passwords and contacts, leaving the remaining partner high and dry.

Here's the good news -

You can either hire social media and website people or better still, you can knuckle down and learn how to do all that stuff yourself. Rocket science, it am not! There are hundreds or perhaps thousands of good YouTube videos on those subjects - and if I can do it and I am well into my 70s, then you can do it!

 

[JEREMY HAWKE]

Here's the bad news -

Hardly a week goes by without someone posting on this very forum that they have lost their business because their business partnership went t!ts-up and they have lost large sums and lost the business. Some weeks it is several such posts - partnerships are dangerous beasts!

And very often, one person with all the contacts and social media accounts, website, etc. just waltzes off with all know-how, passwords and contacts, leaving the remaining partner high and dry.

Here's the good news -

You can either hire social media and website people or better still, you can knuckle down and learn how to do all that stuff yourself. Rocket science, it am not! There are hundreds or perhaps thousands of good YouTube videos on those subjects - and if I can do it and I am well into my 70s, then you can do it!

I like the idea of hiring when required that way your not losing any profit to anybody else and you are not carrying deadwood when not required

Funnily enough there are quite a few people on this forum that could help with that

 

[fisicx]

I doubt you will find anyone with the skills you need to work without pay. There are thousands of freelancers who can look after your advertising and even more who can manage the tech. You don’t need a business partner.

 

[Mark T Jones]

Are you really happy to give away 50% of your business ro a unknown quantity, to do what essentially is a salaried or outsourced job?

 

[DoolallyTap]

Current business value - zero! So a junior partner can invest £1 of 49%.
Set up costs plus initial advertising - how much investment required? On going expenses before any return, how much?
Junior partner, no pay, on a promise - ( I deleted the yawn!!)
Sundance will easily become frustrated 6 months down the line when it does not work after the initial investments.
There are easier ways of starting a small retirement business if all you want to do is keep busy.
I retired 2007, currently, started and sold 3 micro businesses, enjoyed all of them, got another on the go now with plenty of ideas.

 

[Kenny Blair]

I'm looking for a business partner with tech and social media skills to compliment the other business skills and experience I have.

After 15 years in the property insurance claims sector I retired when Covid hit but I'm not enjoying retirement , it aint all its cracked up to be ,in my opinion anyway !

I'm starting a new company doing exactly as I did successfully for the previous 15 years and need possibly a younger person who wants to learn all about a lucrative new business ( or perhaps they're already in the sector )

The person I am looking for should have good tech skills ,from the basics such as building our new website to ensuring that we cover socilal media advertising on all of the major platform such as Instagram TIiktok, Facebook etc .

I'm energetic and like to busy and enjoy making money so I'm looking for somebody with similar attributes but who can bring new ideas and energy to the new company.

I know the industry , I have a good compliance company to ensure we are bang up to date with legislation etc and I'm looking forward to getting back to the grindstone.

Any thoughts everybody ?

Hi Sundance,

Not sure about the effectiveness of Facebook, Tik Tok etc, but if you can identify the people you want to target (property managers?) I could market to them directly via email or through Linkedin.

I have used this approach successfully with another couple of value propositions.

If you want to explore send me a message.

 

[Porky]

Sounds like you are kind of doing the job of the insurance broker in the old days to help act as middle man in help settling claims before the world and his uncle went direct.

But whatever, if your idea has legs, seriously I would just pay a freelancer to build your initial website (£2k max for a reasonable design if not less including hosting) if you don’t want the hassle and pay another freelancer £400 a month to do an hour a week to keep your SM up to date if you really feel it’s essential to have a SM profile.

I wouldn’t give half or a big percentage of my business away to someone else for what is £7k of overhead.

Also SM is all about engagement, otherwise it’s white noise lost with the rest, as you settle claims i guess you could post about it however unless I’m mistaken, people might only need you in a crisis hence much of your SM would be wasted noise on targeting the wrong audience.

Personally I just wouldn’t bother, I would just get yourself a one page promotional site with your contact details on and try and do deals with brokers in your region that might be prepared to let clients know about your services for a kickback on your fees charged.

I might be wrong but I’m wondering if you think that SM is some silver bullet to get you loads of clients without paid promotional advertising - it doesn’t work like that

Good luck

 

[sundance]

Sounds like you are kind of doing the job of the insurance broker in the old days to help act as middle man in help settling claims before the world and his uncle went direct.

But whatever, if your idea has legs, seriously I would just pay a freelancer to build your initial website (£2k max for a reasonable design if not less including hosting) if you don’t want the hassle and pay another freelancer £400 a month to do an hour a week to keep your SM up to date if you really feel it’s essential to have a SM profile.

I wouldn’t give half or a big percentage of my business away to someone else for what is £7k of overhead.

Also SM is all about engagement, otherwise it’s white noise lost with the rest, as you settle claims i guess you could post about it however unless I’m mistaken, people might only need you in a crisis hence much of your SM would be wasted noise on targeting the wrong audience.

Personally I just wouldn’t bother, I would just get yourself a one page promotional site with your contact details on and try and do deals with brokers in your region that might be prepared to let clients know about your services for a kickback on your fees charged.

I might be wrong but I’m wondering if you think that SM is some silver bullet to get you loads of clients without paid promotional advertising - it doesn’t work like that

Good luck

Thanks for your reply , the biggest problem I've come up against over the years is that every PPC ,SEO Google expert Ive come up against has not delivered on their promises but still submitted an invocie for work done , its seems anyone can claim to be an "expert" hence my caution is throwing good money after bad.
My thoughts were with a partner with a vested interest they might be more likely to deliver the goods !

And yes, you are right ,people only need us in a crisis , a bit the AA or RAC .

 

[sundance]

Current business value - zero! So a junior partner can invest £1 of 49%.
Set up costs plus initial advertising - how much investment required? On going expenses before any return, how much?
Junior partner, no pay, on a promise - ( I deleted the yawn!!)
Sundance will easily become frustrated 6 months down the line when it does not work after the initial investments.
There are easier ways of starting a small retirement business if all you want to do is keep busy.
I retired 2007, currently, started and sold 3 micro businesses, enjoyed all of them, got another on the go now with plenty of ideas.

....I take on board your comments but I did this exact same business successfully for 15 years , its the tech and advertising in a changing world that I dont want to deal with although I probably have the skill set to do it .

 

[sundance]

No, its not a paid position as in a salary ,I'm looking for a business partner to help get this new business off the ground , reason for knowledge of social media skills is because it is important in this day and age that somebody in our new company is up to speed on all the latest trends and we will will be advertising on these platforms (FB ,Instagram) for new clients , people who have suffered say a busrt pipe, a flood, or a kitchen fire and need help with all aspects of the claim from meeting the insurance company loss adjuster
and agreeing a settlement to ensuring the buildiing reinstatement works are completed to a high standard,

. I'll be focusing on winning new business and then handling the claims side whilst my new partner concentrates on promoting our services via social media hope this helps.

.......thank you for your imput but my thoughts are whilst Im watching Youtube videos I could be out dealing with the business and creating an income ,Ive no doubt I could do it but I just dont want to focus on the tech side of things.

 

[fisicx]

.......thank you for your imput but my thoughts are whilst Im watching Youtube videos I could be out dealing with the business and creating an income ,Ive no doubt I could do it but I just dont want to focus on the tech side of things.

Then don’t. Pay a freelancer to do it all for you.

 

[thetiger2015]

.......thank you for your imput but my thoughts are whilst Im watching Youtube videos I could be out dealing with the business and creating an income ,Ive no doubt I could do it but I just dont want to focus on the tech side of things.

Are you not massively under valuing someones knowledge and time?

If they can generate you sales from digital marketing, why would they do it for free or on a promise of maybe, in the future, getting some money but nothing until they've worked really hard for weeks or months to get sales going?

I think you're coming at this from the wrong angle and need a re-think. A real business partner is someone who has a percentage of your business from day one and they decide what they're bringing to the table, you'd be 'partners' and they'd do whatever they feel was right to generate more sales - at their own risk! That's different to what you're actually talking about here...

 

[Porky]

Sundance

Seriously, you really don’t want a partner. IMHO in numerous cases you often have a situation where one partner becomes the monkey on the back of the other. It’s not always equal.

You could end up with a business where you both earn 100k a year yet you are the driver bringing in the bulk of the revenue and the other partner becomes a well over paid marketing admin that should be on 30k - don’t pick my figures apart it’s the principle I’m illustrating

Suck it up, do your own deals, pay for freelancers. If it was me I would be trying to build a massive network of introducers and cut them in.

As for paying for PPC marketing you need to establish what your conversion rates are. How many unique vistors to your site before one one appoints you? Based on what you do I suspect it would be low, I can’t see many actually searching for your services especially if they dont know the service exists - far better to get relationships with brokers where their clients phone them the moment their factory house whatever is burning down.

Good luck

 

[sundance]

Sundance

Seriously, you really don’t want a partner. IMHO in numerous cases you often have a situation where one partner becomes the monkey on the back of the other. It’s not always equal.

You could end up with a business where you both earn 100k a year yet you are the driver bringing in the bulk of the revenue and the other partner becomes a well over paid marketing admin that should be on 30k - don’t pick my figures apart it’s the principle I’m illustrating

Suck it up, do your own deals, pay for freelancers. If it was me I would be trying to build a massive network of introducers and cut them in.

As for paying for PPC marketing you need to establish what your conversion rates are. How many unique vistors to your site before one one appoints you? Based on what you do I suspect it would be low, I can’t see many actually searching for your services especially if they dont know the service exists - far better to get relationships with brokers where their clients phone them the moment their factory house whatever is burning down.

Good luck

...thanks for taking the trouble to respond , the overwhelming reaction here on this site is that the partner route is not the way to go ,sounds like the introducer network is the way to go ,

 

[this.is.giles]

I'm potentially looking for a new business opportunity, so I'd be happy to have a quick chat, if you're still looking. My background and experience is in design, branding and marketing.

 

[businessfairy]

Hi there. I have a background in insurance sales and very much interested in discussing your opportunity in more detail. Are you still looking for someone?

 

[fantheflames]

It's been a minute, OP! I can see you haven't been back to the forum in a couple of months. I wanted to check in to see how you're going from your original message?

In my thoughts, I think you're on the right lines of partnering, but perhaps you need more of a marketing head than someone who specialises in social media and design. Partnering with someone, especially a person you don't know, requires careful consideration.

Many have experienced difficulties when business partnerships go wrong, often resulting in financial losses and disputes over responsibilities. But in most cases, it is generally always better to have a partner in business.

From a business perspective, I think hiring a freelance for tech and social media tasks might be the better route as it'd allow you to maintain full control while you'e building the business. Then potentially look for a business partner depending on the results of that.