How do business partners get paid?

Business partners are typically paid either through profit sharing or guaranteed payments. In a partnership, two or more individuals will share the profits and pay income taxes on those profits.

What are the four types of partnership?

The four types of partnership are general partnership, limited partnership, limited liability partnership, and limited liability limited partnership. These four types of partnership all have different strategic pros and cons and specific ways that they operate.

How To Become A Business Partner: What It Is and Career Path

What is a business partner and how to become one

Updated January 8, 2025

4 min read

A business partner is an individual who collaborates with a company to achieve shared goals. They provide expertise, guidance, and resources while sharing in the risks and rewards of the venture. A business partner manages various aspects of the company, such as marketing, finance, or operations. They may also bring in clients or help expand into new markets. Overall, a business partner provides valuable support and contributes to the growth and success of the company.

ScoreBusiness PartnerUS Average

Salary

7.5

Avg. Salary $96,324

Avg. Salary $59,228

Stability level

7.5

Growth rate 10%

Growth rate 0.3%

Diversity

3.1

Race

American Indian and Alaska Native 0.23%

Asian 8.15%

Black or African American 3.04%

Hispanic or Latino 8.67%

Unknown 5.32%

White 74.58%

Gender

female 43.76%

male 56.24%

Age - 38

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 38

Stress level

7.5

Stress level is high

7.1 - high

Complexity level

9.0

Complexity level is advanced

7 - challenging

Work life balance

3.5

Work life balance is poor

6.4 - fair

What are the pros and cons of being a business partner?

Pros

Access to additional expertise and resources
Opportunity for complementary skill sets
Ability to bounce ideas off someone else
Potential for increased profitability
Built-in support system

Cons

Differences in work style and approach
Risk of unequal contribution or effort
Difficulty in decision-making when partners have differing opinions
Possibility of unequal financial contributions or rewards
Risk of partnership dissolution leading to legal and financial consequences

Key steps to become a business partner

Explore business partner education requirements

Most common business partner degrees

Bachelor's

65.1 %

Master's

16.8 %

Associate

9.4 %

Start to develop specific business partner skills

Skills	Percentages
Analytics	8.30%
Project Management	7.11%
Customer Service	5.57%
Human Resources	5.09%
Performance Management	4.85%

Complete relevant business partner training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New business partners learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a business partner based on U.S. Bureau of Labor Statistics data and data from real business partner resumes.

Research business partner duties and responsibilities

Manage publicity online, in medias such as Facebook and Instagram.
Negotiate and manage vendor relations using SLA's and metric management.
Lead the establishment of key ERP, database and java applications environments.
Implement and manage social media strategies and blog content as well as customer relationships on Salesforce.com.

Prepare your business partner resume

When your background is strong enough, you can start writing your business partner resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a business partner resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable business partner resume templates

Build a professional business partner resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your business partner resume.

Apply for business partner jobs

Now it's time to start searching for a business partner job. Consider the tips below for a successful job search:

Browse job boards for relevant postings
Consult your professional network
Reach out to companies you're interested in working for directly
Watch out for job scams

How do business partners rate their job?

-/5

5 stars

4 stars

3 stars

2 stars

1 star

Business partner reviews

A zippia user wrote a review on Sep 2021

Cons

Juggling multiple tasks and projects was always a constant struggle. I also felt very frustrated at times working with third party vendors and consultants remotely.

A zippia user wrote a review on Jun 2020

Pros

Helping people throughout the organization

Cons

Lack of control over certain areas of HR

A zippia user wrote a review on Aug 2019