Entrepreneurs find partners they can trust

Its hard to find partners in business. How can you tell whether you can trust someone?First, its important to understand that trust is not only about integrity. Its also about a shared temperament, a shared worldview and shared values.Some people panic when faced with problems, you definitely don’t want them as shareholders or partners.Dealing with adversity…

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Entrepreneurs divorce

Sometimes you go into business with someone and after a couple months/years you realise you’ve made a mistake. He’s a crook, or lazy, or simply doesn’t share your values.One option is to suck it up and carry on. The other option is to part ways early and get on with life.Entrepreneurs opt for the latter….

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Entrepreneurs find complementary partners

A business is comprised of four major disciplines: Product (technical) – someone who has a vision and can make it a reality. Commercial (sales) – someone who can sell the product. Operations (process) – someone who can scale the startup. Finance (finance) – someone who can ensure maximum cashflow and access to capital. Very few…

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Entrepreneurs don’t bail out their partners

Its natural to help the people you love. Kids, parents, siblings, friends… when you see them taking a hit the instinct is to step in and lend a hand.Don’t do it! That way lies failure. Bailing people out creates relationships of dependency. An unspoken contract is formed whereby the dependent knows that you’re going to save him no…

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Entrepreneurs are not greedy with equity

When you start a business the first advice you get is, “Don’t give away equity”.Equity is the most expensive form of compensation, so this is generally good advice.But it is bad advice if you want to build a big business and make a big impact.We all need partners in life and in business. “The more people swimming…

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How do you find partners you can trust?

I am regularly asked how does one find co-founders or partners in business. In other words, how can you tell whether you can trust someone?First, its important to understand that trust is not only about integrity. Its temperament, a shared worldview and values.Some people panic when faced with problems, you definitely don’t want them as shareholders or…

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