business partner

Out of context: Reply #8

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  • jox0

    I've been involved in a bunch of businesses over the years with a handful of partners: I have good experiences and bad experiences.

    Bringing someone in out of the blue is a recipe for disaster. I've spent crazy money drafting contracts to prevent sour partnerships destroy companies and triple that to fight it in courtrooms that ended in bankruptcy anyway.

    If you don't have a perfect partner for a business before you even have a busines plan, don't even think about bringing someone in. This has to be a person you trust more than yourself and you have to have the exact same goals.

    Feel free to email me if you want some more info on the subject. I recently ditched a guy in a four partner company and I wouldn't wish it on my worst enemy.

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