Before partnering up with someone on a business, ask yourself this...

[Pritesh]

Do you REALLY, REALLY need that person?

You can tell everyone anything you want but, when it comes to yourself, you’d better be 100% honest!
Evaluating yourself is the hardest thing to do but, it’s the only way you can truly find the problem, are you looking for a partner just because you're too lazy to do his part of the work by yourself?

Does he bring a certain specilization to the equation? If you can go on without him or hire someone as a one time gig or retainer to do the things he specializes in, do that. Or better yet, learn and do it yourself.
Time is never an excuse, you do not have to be perfect at something the first time.

Since you've all read MJ's books, I am assuming you are willing to put the work in and have a go-getters mindset, but here's the thing...
Not everyone is wired that way. Having a business partner who doesn't match your pace, will slow you down, will slow the business down and leave you miserable.

I've worked with 3 people so far, every time convincing myself that it will be better this time around. Spoiler alert: It wasn't

Procrastination and laziness is the biggest problem and there is no way to confront a partner to get off that without sounding confrontational.
You don't want to be splitting profits 50-50 when you're the one putting in 90% of the work. Ask yourself this, does the partner really justify the 50% share of the profits?

Buying out your partner's share of a successful business when you know he hasn't contributed an equal amount is the worst feeling you could go through. I really hope none of you here have to go through that.

Well this is a place to share lessons so just wanted to drop my 2c.

 

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[csalvato]

Fu zua SIEMMZ, SIEMMZ piif vjev qistup?

Zua dep vimm iwiszupi epzvjoph zua xepv cav, xjip ov dunit vu zuastimg, zua’f civvis ci 100% jupitv!
Iwemaevoph zuastimg ot vji jesfitv vjoph vu fu cav, ov’t vji upmz xez zua dep vsamz gopf vji qsucmin, esi zua muuloph gus e qesvpis katv cideati zua'si vuu mebz vu fu jot qesv ug vji xusl cz zuastimg?

Fuit ji csoph e disveop tqidomobevoup vu vji iraevoup? Og zua dep hu up xovjuav jon us josi tuniupi et e upi voni hoh us siveopis vu fu vji vjopht ji tqidoemobit op, fu vjev. Us civvis ziv, miesp epf fu ov zuastimg.
Voni ot piwis ep iydati, zua fu puv jewi vu ci qisgidv ev tunivjoph vji gostv voni.

Topdi zua'wi emm sief NK't cuult, O en ettanoph zua esi xommoph vu qav vji xusl op epf jewi e hu-hivvist nopftiv, cav jisi't vji vjoph...
Puv iwiszupi ot xosif vjev xez. Jewoph e catopitt qesvpis xju fuitp'v nevdj zuas qedi, xomm tmux zua fuxp, xomm tmux vji catopitt fuxp epf miewi zua notisecmi.

O'wi xuslif xovj 3 qiuqmi tu ges, iwisz voni dupwopdoph nztimg vjev ov xomm ci civvis vjot voni esuapf. Tquomis emisv: Ov xetp'v

Qsudsetvopevoup epf mebopitt ot vji cohhitv qsucmin epf vjisi ot pu xez vu dupgsupv e qesvpis vu hiv ugg vjev xovjuav tuapfoph dupgsupvevoupem.
Zua fup'v xepv vu ci tqmovvoph qsugovt 50-50 xjip zua'si vji upi qavvoph op 90% ug vji xusl. Etl zuastimg vjot, fuit vji qesvpis siemmz katvogz vji 50% tjesi ug vji qsugovt?

Cazoph uav zuas qesvpis't tjesi ug e taddittgam catopitt xjip zua lpux ji jetp'v dupvsocavif ep iraem enuapv ot vji xustv giimoph zua duamf hu vjsuahj. O siemmz juqi pupi ug zua jisi jewi vu hu vjsuahj vjev.

Ximm vjot ot e qmedi vu tjesi mittupt tu katv xepvif vu fsuq nz 2d.

Jewoph qesvpist otp’v cef... zuas qesvpistjoqt tadlif cideati ug vji tovaevoup zua gusdif zuastimg opvu.

O’f tahhitv siefoph Guapfist Fominne epf vji Tmodoph Qoi Jepfcuul