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Creative Capital

Creative Capital Podcast 239: How to Find, and Keep, Great Business Partners

Creative Capital

Josh Ferrari

Investing, Business

51.1K Ratings

🗓️ 14 February 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Welcome back to this week's segment of No Limit Minute! This week I wanted to give some background on how I met my two fantastic business partners, what I was looking for, and how we got started together. I also give my best tips on how to find some equally great partners, and how to keep them around. Enjoy!

How to connect with Josh:
Ferrari Capital - https://ferraricapital.com/

Creative Capital is made possible in part by our sponsors.
InvestNext is a comprehensive, instititutional grade software solution for real estate syndications that allows you to effectively and efficiently manage all phases of your real estate venture. To get started, visit https://www.investnext.com/ and use code Creative Capital for 25% off your first three months.

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everybody? Welcome back to this week's segment of the No Limit Minute. And again,

0:10.0

we're talking about something that I've had a lot of people recently inquire about. A lot

0:16.5

of people reach out to me and be just really curious about how I found my business partners.

0:24.3

So I want to give you just a brief background on how I found mine. I want to talk about how

0:29.2

you can potentially find yours. But then I also want to talk just a little bit about how you can

0:33.7

keep a strong partnership and how you can try to avoid some of the pitfalls that you hear some

0:44.0

of you have when it comes to bad partnerships. And now let's take a quick break for our show

0:53.3

sponsor. We all know that collecting investor commitments, processing distributions,

0:59.7

finalizing essential documents, and communicating with your investors can be a time consuming and

1:05.1

prone to errors when using manual methods like Excel spreadsheets and emails. So what's the

1:12.5

solution, right? Invest next is a comprehensive institutional grade software solution for real

1:18.4

state syndications that enables you to effectively manage all phases of your real estate venture

1:24.5

with key management features like fundraise automation, secure ACH transfers, waterfall

1:30.6

distributions, and capital stack management, ultimately putting you in control of managing your

1:36.6

entire investor experience. Now prior to adopting InvestNext, our team at Ferrari Capital face

1:43.3

difficulties and effectively executing many different tasks. We encountered issues such as

1:49.3

misplacement of emails, confusion and processing, preferred distributions, forgetting waterfall

1:54.8

calculations, and honestly just an overall subpar experience for our investors. However,

2:01.3

since adopting InvestNext, we've achieved a higher level of efficiency and organization in our

2:07.6

processes, resulting in a faster pace of really closing deals and being able to scale.

2:13.4

Moreover, with the ease of their platform, we've shifted our focus back to our core competencies

2:18.5

which are raising capital and managing deals. Honestly, the key features that our team loves the

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