I have to be careful what I write here. Fortunately I’ve been through enough business partners that I can say “I wasn’t talking about you” if someone or someones decide to be whiny. I haven’t had the best of luck when it comes to finding people who are willing to contribute as much or more than you do. Well, they may think they do, but in the end money talks and bullshit walks. Here’s my advice on business partners:
Don’t Do It!
Okay, now that I’ve gotten that out of my system, allow me to elaborate a bit on my own experience with people who want to leach on to you and suck you dry of everything you have or hoped to have. Our adventure begins around 2005, when I started an internet advertising company. I met a kick-ass Type A guy not too different from myself who showed ambition, motivation and dedication. He flew out from another state and convinced me to open an office a few blocks away from where I was working during day. This was his excuse as to why he wasn’t able to produce more revenue (he needed an office).
He was right, he did need an office. He needed it to run his business on the East Coast while I stayed up until 2am every night creating contracts, websites, advertising and more. He left me an office lease I couldn’t afford, several hundred dollars worth of phone and utilities and one very pissed off wife who was more upset at me for trusting him.
Years went on and so did the partners. One partnership I had actually stole every preconceived idea I had then tried to convince me that I was an employee when they reneged on their original partnership agreement. Another actually had the nerve to put my desk in a storage room while he took the posh window office. I liked him the most from the bunch because he had business savvy, but as always I could not replicate myself and being a one-man show when it comes to fulfillment simply isn’t scalable. That was about 6-8 months of pure exhaustion.
One business partner (grumble, grumble, grumble)
Where do I find these people? I finally decided on who the best partner will be for me. She’s a beautiful and very tolerant wife who has stepped in to fill many shoes. I’m thankful for my loyal clients, friends, and associates who stuck with me through the years. I’m also thankful for the willpower I seem to have to keep pushing through all the garbage that seems to kill every day of my being an entrepreneur.
Today’s a new day. I’ve got a great business model, amazing products, more ambition and discipline than anyone I know, and the support of dozens of people who believe in me. Oh and those little angels who love their daddy are just the icing on the cake!
As for business partners, let me repeat:
Don’t Do It!