I desperately need everyones opinions on 50/50 partnerships.
Me and my close friend @harp1600 have been planning on doing a 50/50 business partnership every since we became interested in entrepreneurship. (We became interested about 9 months ago, but I knew I had a ton of learning to do before pursuing anything real.)
After gaining a very solid fundamental fastlane mindset from reading a lot, I found a business idea that satisfies the CENTS commandments.(I found it about 2 weeks ago.)
I originally planned to include my friend in this business and us share a 50/50 partnership. However, my friend just recently realized how powerful the Fastlane is and he has just now began his search of knowledge for his mindset.
That means that I am currently very far ahead of him in terms of mindset and knowledge.
Here’s the thing: I think I might be crippling both of us if I allow this partnership to happen, because a lot of the Fastlane lessons I learned were learned because I had to find the business idea on my own. I couldn’t have found the idea unless I had the proper Fastlane mindset. On the other hand, its possibly crippling me because I will have to teach him everything and he has no value to add (yet).
Of course, he’s totally against us splitting up but here is my idea that i think might be better: We both go on our own ventures but we are still going to be using each other to keep us accountable and push each other. I think this will be better for both of us, but what do you guys think? I am open to any other opinions that you guys have about this.
Me and my close friend @harp1600 have been planning on doing a 50/50 business partnership every since we became interested in entrepreneurship. (We became interested about 9 months ago, but I knew I had a ton of learning to do before pursuing anything real.)
After gaining a very solid fundamental fastlane mindset from reading a lot, I found a business idea that satisfies the CENTS commandments.(I found it about 2 weeks ago.)
I originally planned to include my friend in this business and us share a 50/50 partnership. However, my friend just recently realized how powerful the Fastlane is and he has just now began his search of knowledge for his mindset.
That means that I am currently very far ahead of him in terms of mindset and knowledge.
Here’s the thing: I think I might be crippling both of us if I allow this partnership to happen, because a lot of the Fastlane lessons I learned were learned because I had to find the business idea on my own. I couldn’t have found the idea unless I had the proper Fastlane mindset. On the other hand, its possibly crippling me because I will have to teach him everything and he has no value to add (yet).
Of course, he’s totally against us splitting up but here is my idea that i think might be better: We both go on our own ventures but we are still going to be using each other to keep us accountable and push each other. I think this will be better for both of us, but what do you guys think? I am open to any other opinions that you guys have about this.
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