Comments on: Do you need a business partner? http://www.webpublishingblog.com/do-you-need-a-business-partner.htm Internet publishing, a multidisciplinary approach. Sun, 20 Jul 2008 13:12:03 +0000 http://wordpress.org/?v=2.2.2 By: DR KELLY HU http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-78045 DR KELLY HU Fri, 14 Sep 2007 21:52:51 +0000 http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-78045 Hello Dear. I am DR KELLY,the managing director of HU loan firm.WE offer the following types of loan, Students loan, Business loan, Car loan, Company loan, Mortgage loan, and any other kind of loan you require from us at the rate of 5% interest rate.Do not be decieved by there 3% interest rate, for most of them are scam. Anybody who is interested in getting loan from us no matter your location should not hesitate to contact us.via kelly_huloans@yahoo.com Hello Dear.
I am DR KELLY,the managing director of HU loan firm.WE offer the following types of loan,
Students loan,
Business loan,
Car loan,
Company loan,
Mortgage loan,
and any other kind of loan you require from us at the rate of 5% interest rate.Do not be decieved by there 3% interest rate, for most of them are scam.
Anybody who is interested in getting loan from us no matter your location should not hesitate to contact us.via kelly_huloans@yahoo.com

]]> By: ALHAJI ANDERSON KUFOR http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-78042 ALHAJI ANDERSON KUFOR Fri, 14 Sep 2007 21:47:29 +0000 http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-78042 Hello sir/madam having forgotten your contact from your country's trade journal, I am interested in investing the sum of (US$5,000,000 and 100kg of GOLD) in a viable and profitable venture that you will recommend to me in your area for a long and lasting joint business relationship between us.The funds are available and they will be released through you into the project after you have shown proven interests and committment in response to this proposal. I am counting on your honesty and integrity for our mutual benefit and hope you are a GOD fearing person. if interested contact us via andersonkufor@yahoo.com Best Regards. ANDERSON KUFOR. Hello sir/madam
having forgotten your contact from your country’s trade journal, I am interested in investing the sum of (US$5,000,000 and 100kg of GOLD) in a viable and profitable venture that you will recommend to me in your area for a long and lasting joint business relationship between us.The funds are available and they will be released through you into the project after you have shown proven interests and committment in response to this proposal.

I am counting on your honesty and integrity for our mutual benefit and hope you are a GOD fearing person.
if interested contact us via andersonkufor@yahoo.com
Best Regards.

ANDERSON KUFOR.

]]> By: Mike http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-28474 Mike Fri, 20 Apr 2007 14:26:16 +0000 http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-28474 This is a great point and I think that it really sums up some important points. The main point is #2, that business partners should serve a specific function. I work for a web company that is a free online service/platform for people to meet business partners based on the skills and experience that they need for their business idea. So, I've been able to see an awful lot of partnership stories over the last two years. I've seen too many times when two people (family members, friends, etc.) who have the exact same skills, functional experience, and interests try to start a business together. Unfortunately, without different skill sets, these people generally can't create a lot of synergy and as a result their ventures tend to not do as well as they could. On the other hand, I've seen so many companies where someone finds the correct person to work with (say a web content site, where one partner is a great sales/marketing person and the other is a great web developer). These differences in functional experience and skills are present and as a result, business partnerships of this type are able to be far more successful. This is a great point and I think that it really sums up some important points. The main point is #2, that business partners should serve a specific function.

I work for a web company that is a free online service/platform for people to meet business partners based on the skills and experience that they need for their business idea. So, I’ve been able to see an awful lot of partnership stories over the last two years.

I’ve seen too many times when two people (family members, friends, etc.) who have the exact same skills, functional experience, and interests try to start a business together. Unfortunately, without different skill sets, these people generally can’t create a lot of synergy and as a result their ventures tend to not do as well as they could.

On the other hand, I’ve seen so many companies where someone finds the correct person to work with (say a web content site, where one partner is a great sales/marketing person and the other is a great web developer). These differences in functional experience and skills are present and as a result, business partnerships of this type are able to be far more successful.

]]> By: Andrew http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24367 Andrew Fri, 30 Mar 2007 08:20:45 +0000 http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24367 Diorex, what I mean is that 1% is just 1% less, taking you from 50% to 49%, or whatever lower number it ends up being. You have now lost control over your company. The point is don't take 50/50 splits lightly, because the first time you need to add a new partner for to bring in new capital, you lose control. Just something to think about. This post isn't necessarily focused on internet marketing or affiliate marketing -- just online businesses in general. Diorex, what I mean is that 1% is just 1% less, taking you from 50% to 49%, or whatever lower number it ends up being. You have now lost control over your company.

The point is don’t take 50/50 splits lightly, because the first time you need to add a new partner for to bring in new capital, you lose control. Just something to think about.

This post isn’t necessarily focused on internet marketing or affiliate marketing — just online businesses in general.

]]> By: ToddW http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24300 ToddW Thu, 29 Mar 2007 23:02:24 +0000 http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24300 This sums it up 99%: "Partner on projects, not companies." That 1% is for the partners who just CLICK and make it work awesome but for the rest of us your advice is 100% solid. This sums it up 99%:
“Partner on projects, not companies.”

That 1% is for the partners who just CLICK and make it work awesome but for the rest of us your advice is 100% solid.

]]> By: Diorex http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24234 Diorex Thu, 29 Mar 2007 19:10:47 +0000 http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24234 I agree totally with Carl. An exit strategy is huge. People grow bored, complacent or lazy. It is always best to determine what happens in the event of a break-up when there is no assets to argue about. Once you have built something, then it is likely that parting on anything other than negative terms is unlikely. I also disagree with Andrews math on point #1. Just because you have given up 50% early on, if you take investment later, and those investors take 50%, you should be left with 25%, not 1%. Also, for most internet based marketing/affiliate ideas you are probably not going to attract VC money. I agree totally with Carl. An exit strategy is huge. People grow bored, complacent or lazy.

It is always best to determine what happens in the event of a break-up when there is no assets to argue about. Once you have built something, then it is likely that parting on anything other than negative terms is unlikely.

I also disagree with Andrews math on point #1. Just because you have given up 50% early on, if you take investment later, and those investors take 50%, you should be left with 25%, not 1%. Also, for most internet based marketing/affiliate ideas you are probably not going to attract VC money.

]]> By: carl http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24211 carl Thu, 29 Mar 2007 14:24:04 +0000 http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24211 One of the most important, yet most often overlooked parts is how to disolve the partnership. We all have lots of irons in the fire. What do you do when one partner no longer wants to work on the project? Work that out ahead of time. One of the most important, yet most often overlooked parts is how to disolve the partnership. We all have lots of irons in the fire. What do you do when one partner no longer wants to work on the project?

Work that out ahead of time.

]]> By: Eric http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24205 Eric Thu, 29 Mar 2007 13:11:47 +0000 http://www.webpublishingblog.com/do-you-need-a-business-partner.htm#comment-24205 Another timely post. One alternative to giving true ownership to a partner could be a profit share at an agreed percentage of profit with an (optional) guaranteed base. This effectively limits exposure for both parties without limiting opportunity. It also provides an easy dissolution if you find the business changes or did not work as envisioned. It could be a viable intermediate step for someone looking to grow the business without risking control. Another timely post.

One alternative to giving true ownership to a partner could be a profit share at an agreed percentage of profit with an (optional) guaranteed base. This effectively limits exposure for both parties without limiting opportunity. It also provides an easy dissolution if you find the business changes or did not work as envisioned.

It could be a viable intermediate step for someone looking to grow the business without risking control.

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