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Old 23rd June 2008, 02:55 AM   #1 (permalink)
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Your Business Partner

It worked for the guys who started up Google, Yahoo, Microsoft and The Body Shop (yes, Anita Roddick did have a silent partner). Lonely Planet was started by a couple.

It hasn’t worked for friends I know – and some have had a string of unsuccessful partnerships. I sold half my business to a complete stranger last year, and he became a friend. In my experience, we could both come up with brilliant ideas together and yet we can drive each other mad over technicalities & details. But partnerships only work if you both are clear about the focus of the business (that is probably the hardest to agree upon on a daily basis), the culture, boundaries and ethics – to begin with.

A written agreement is a must before you start. You both want to grow the business and a chat over dinner won’t wash when you come to sell or bring in a new partner.

Have you been burnt in a business partnership? Are you both succeeding or struggling? Can you share your stories of going into business with friends or relatives?

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Old 3rd July 2008, 02:30 PM   #2 (permalink)
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Re: Your Business Partner

Hi I am starting a website that will gather business partners around the world.
We haven launch the business yet, but i guess it will be very interesting to have partners globally where we can share ideas,diff business prospective in diff country etc.
There will be a lots of disagreement of course since more people involved, but that makes a solid discussion and built stronger ground on each decision making.
You can visit my web at http://www.gogme.biz/ for the progress.
Cheers

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Old 3rd July 2008, 03:13 PM   #3 (permalink)
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Re: Your Business Partner

2 heads are better than one! But I think it's pretty tough for friends to enter into a partnership for a business.

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Old 3rd July 2008, 04:25 PM   #4 (permalink)
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Re: Your Business Partner

You are right.
Sometime i think friend is harder, cos you'll sometime forget and take it for granted.

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Old 3rd July 2008, 04:30 PM   #5 (permalink)
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Re: Your Business Partner

wanna sell tissuepapaer

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Old 3rd July 2008, 04:47 PM   #6 (permalink)
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Re: Your Business Partner

Originally Posted by tissuepaper View Post
wanna sell tissuepapaer
Well, make it more upmarket and premium then - fragranced / perfumed, non-allergenic tissues or wipes.

I agree that a black and white agreement has to be arranged before jumping into the partnership. A clear line ahs to be drawn where business and personal boundaries lie. Else it'll be very ugly and messy on many issues, such as agreeing on pay, allowances, profit-sharing etc.


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Old 4th July 2008, 02:49 AM   #7 (permalink)
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Re: Your Business Partner

so far three failed ones...

the 1st one was due to diff directions between partners....
the 2nd n 3rd died in the plannin stage n even b4 it got really started up...

but tat sort of build up exp....


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Old 14th July 2008, 12:53 AM   #8 (permalink)
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Re: Your Business Partner

Originally Posted by Calis View Post
I agree that a black and white agreement has to be arranged before jumping into the partnership. A clear line ahs to be drawn where business and personal boundaries lie. Else it'll be very ugly and messy on many issues, such as agreeing on pay, allowances, profit-sharing etc.
haha that sounds like a pre-nuptial agreement. seriously a partnership could be as complicated as a marriage down the road

Originally Posted by davidkwankk View Post
so far three failed ones...

the 1st one was due to diff directions between partners....
the 2nd n 3rd died in the plannin stage n even b4 it got really started up...
well i guess its better to have the partnership end at the planning stage rather than having issues when the capital commitment hinders any partner from pulling out

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Old 14th July 2008, 03:48 AM   #9 (permalink)
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Re: Your Business Partner

Originally Posted by uncle9 View Post
well i guess its better to have the partnership end at the planning stage rather than having issues when the capital commitment hinders any partner from pulling out
so far not about $$$$ issue...
if money can solve everything, then it s easier liao...

hahhaaaaa


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Old 18th July 2008, 11:14 PM   #10 (permalink)
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Re: Your Business Partner

any existing business seeking partner to invest? pls PM me

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Old 19th July 2008, 12:26 AM   #11 (permalink)
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Re: Your Business Partner

Originally Posted by nos1159 View Post
any existing business seeking partner to invest? pls PM me
nice going lol..

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Old 20th July 2008, 02:27 PM   #12 (permalink)
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Re: Your Business Partner

Originally Posted by nos1159 View Post
any existing business seeking partner to invest? pls PM me
we haf a VC here????


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Old 2nd August 2008, 02:58 PM   #13 (permalink)
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Re: Your Business Partner

wah.. ask for biz partner here?
if nt trustworthy how? hahax..

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Old 6th August 2008, 12:32 AM   #14 (permalink)
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Re: Your Business Partner

Originally Posted by Kuroii View Post
wah.. ask for biz partner here?
if nt trustworthy how? hahax..
typical sillyporean

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Old 20th August 2009, 08:17 PM   #15 (permalink)
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Re: Your Business Partner

Originally Posted by nos1159 View Post
any existing business seeking partner to invest? pls PM me
Hi I saw that you are looking for a biz to invest. In fact I am starting an internet webcam chat biz site. Its pretty similar with those 1900 telephone chat biz except this is one notch over them. You are able to see the female chatters face over your PC.

What is interesting is, the gals will be dress in various uniforms like maid, nurse, race queen. And we can even have a every monday night theme called Bikini Night.

Anyway, Should you be keen to know more, do give me a ring at 83834331.

Jeff

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Old 21st August 2009, 01:18 PM   #16 (permalink)
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Re: Your Business Partner

Interesting.....

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