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Old 11-07-09
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Default Re: How Do I Find a Business Partner?

Michelle, Please,,,, DON'T DO IT,,,,, now, calm down and breath deeply.

Sorry, if that seems a bit strong ,but I would advise to be very very very careful before you even consider the possibility of sharing your business with someone else. If you have any sort of clear idea of what your business should be and what direction it should go then be assured that someone else will have a different idea. It may not happen at first but it will.

If you want to be in control then keep control and don't give someone else the chance to change that. But, you can still work WITH others. Find people you can bounce ideas off (and here is a good place for one) and places to get support. Employ someone on a share basis maybe, but a partnership, not really a good idea. It can too easily go very sour.

I worked with one of my brothers for a number of years in someone elses business and eventually we bought that business in an equal share partnership. We thought it would work well because we got along well and had worked together here well already. It lasted 6 years and by the end of about 4 years it should have been obvious it wasn't going to work. My brother was dying when we closed that business and for various reasons I was painted as the bad guy, when I was trying my darnedest to save the bacon.

Unless you can be absolutely sure it will work,,,,,,,.
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