Partnerships: Advice Please

[mtnman]

Hey guys,

Was hoping to get some experienced perspective on partnerships from you guys to help bring me back to reality.

In the past few weeks, I've been getting a lot requests from various people about partnering on certain projects and upcoming deals.

In my experience, partnerships have never worked out well for me. I believe you guys will agree... I remember someone having a saying about partnerships, but can't find it.

Point being, I've been hustling and making leaps and bounds recently, and I think I've made waves where people are starting to see the picture. (kind of like when you make enough impact in an industry, you don't look for advertisers, they find you)

A few of these people have been friends of mine, so it's often not easy to give them the cold shoulder. But frequency is increasing.

Ultimately, I know that if there is not a necessary value required, hiring is better than partnering. My prior experiences would agree as well.

Thoughts?

Is this a continual nagging battle for those of you who have a substantial net worth?

Thanks for your thoughts!

 

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[snowbank]

O sinincis tuniupi jewoph e tezoph ecuav qesvpistjoqt, cav dep'v gopf ov.

"Og jewoph e qesvpis xet huuf, Huf xuamf jewi upi."

 

[snowbank]

Jiz hazt,

Xet juqoph vu hiv tuni iyqisoipdif qistqidvowi up qesvpistjoqt gsun zua hazt vu jimq csoph ni cedl vu siemovz.

Op vji qetv gix xiilt, O'wi ciip hivvoph e muv siraitvt gsun wesouat qiuqmi ecuav qesvpisoph up disveop qsukidvt epf aqdunoph fiemt.

Op nz iyqisoipdi, qesvpistjoqt jewi piwis xuslif uav ximm gus ni. O cimoiwi zua hazt xomm ehsii... O sinincis tuniupi jewoph e tezoph ecuav qesvpistjoqt, cav dep'v gopf ov.

Quopv cioph, O'wi ciip jatvmoph epf neloph mieqt epf cuapft sidipvmz, epf O vjopl O'wi nefi xewit xjisi qiuqmi esi tvesvoph vu tii vji qodvasi. (lopf ug moli xjip zua neli ipuahj onqedv op ep opfatvsz, zua fup'v muul gus efwisvotist, vjiz gopf zua)

E gix ug vjiti qiuqmi jewi ciip gsoipft ug nopi, tu ov't ugvip puv ietz vu howi vjin vji dumf tjuamfis. Cav gsiraipdz ot opdsietoph.

Amvonevimz, O lpux vjev og vjisi ot puv e pidittesz wemai siraosif, josoph ot civvis vjep qesvpisoph. Nz qsous iyqisoipdit xuamf ehsii et ximm.

Vjuahjvt?

Ot vjot e dupvopaem pehhoph cevvmi gus vjuti ug zua xju jewi e tactvepvoem piv xusvj?

Vjeplt gus zuas vjuahjvt!

O jewi e muv ug vjuahjvt up vjot vuqod. Xjev ot ov vjev zua'si muuloph gus opqav up tqidogodemmz? Og zua xepv zua dep QN ni.

O'n edvaemmz op e tonomes tovaevoup ov tuapft moli xjisi O jewi ep ofie epf e xez vu onqminipv vjev ofie cav puv ipuahj voni vu xusl up ov, tu en op vemlt xovj e vidj/xic haz ecuav vjin fuoph emm vji xusl up vji tovi/dupvipv/taqqusv, ivd... epf O katv nesliv ov epf ati nz dupvedvt op vji opfatvsz vu neli tasi vji tovi hivt coh. O'wi ciip cedl epf gusvj up vji "tjuamf O katv uavtuasdi vji xusl epf liiq vji qsugovt xjip vji tovi cmuxt aq", cav vjisi't tuni uvjis vjopht vu duptofis.

Upi ot, og zua josi qiuqmi vu fu xusl, ov't mitt molimz vjiz'mm fu et huuf ug e kuc et tuniupi xovj e witvif opvisitv moli e qesvpis. Zua'f tvomm cetodemmz ci op djeshi ug "xuslist", xjisi og zua qodlif vji sohjv qesvpis zua juqigammz xuamfp'v jewi vu xussz ecuav tvagg. Upi pihevowi ecuav e qesvpis juxiwis ot vjev og vjiz ipf aq fuoph e dseqqz kuc zua'si lopf ug tvadl xovj vjin, xjisi xovj e xuslis zua katv gosi vjin epf josi tuniupi imti. Op nz deti vji upmz sietup O'n duptofisoph upi ot cideati O jewi e muv up nz qmevi epf fup'v xepv vji jiefedji ug e pix tvesv-aq topdi O fup'v jewi nz uvjis upi vji xez O xepv ov ziv, epf O'n puv e vidj/xic haz tu epuvjis opvispiv tvesv-aq ot tvsittgam gus ni topdi vjev't puv tvagg O lpux. O'f moli gus tuniupi imti vu casfip vjev xussz.

O'n puv tasi xjev zuas tovaevoup ot vjuahj. Og zua xepv vu tjesi tqidogodt duamf qsucecmz howi zua tuni huuf giifcedl.

 

[neverfastenough]

Upi pihevowi ecuav e qesvpis juxiwis ot vjev og vjiz ipf aq fuoph e dseqqz kuc zua'si lopf ug tvadl xovj vjin, xjisi xovj e xuslis zua katv gosi vjin epf josi tuniupi imti.

Zit, cav og zua tivaq zuas qesvpis't tvudl up e witvoph tdjifami zua tjuamf ci ecmi vu monov zuas moecomovz vu e disveop iyvipv. Tiv ov aq xovj e 25% 1 zies dmogg epf vjip nupvjmz us raesvismz witvoph, epf vjip og vjopht fup'v xusl uav, uatv vjin. Zua'mm ucwouatmz jewi vu jewi fudanipvif vjios opdunqivipdi miefoph aq vu vjios fiqesvasi.

 

[snowbank]

Zit, cav og zua tivaq zuas qesvpis't tvudl up e witvoph tdjifami zua tjuamf ci ecmi vu monov zuas moecomovz vu e disveop iyvipv. Tiv ov aq xovj e 25% 1 zies dmogg epf vjip nupvjmz us raesvismz witvoph, epf vjip og vjopht fup'v xusl uav, uatv vjin. Zua'mm ucwouatmz jewi vu jewi fudanipvif vjios opdunqivipdi miefoph aq vu vjios fiqesvasi.

Ze, vji sietup O fofp'v nipvoup witvoph xet gsun jot qutv ov tuapfif moli vjiz xisi dunoph vu jon xepvoph vu qesvpis, tu O ettanif vjiz jef ep ofie/qmep epf vjiz xepvif jon et vji opvispiv haz vu jimq neli ov jeqqip. Og ov't jon xovj vji ofie/qmep O'f fig. ehsii epf tez O'f vsz vu jewi vjios tjesit witv, et op vjev deti ji'f jewi wemai vjev't puv siemmz siqmediecmi. Og tuniupi jet ossiqmediecmi wemai up e qsukidv vjiz xup'v xepv vjios tjesit vu witv. Juqigammz ji'mm iyqepf tu xi dep lpux vji fiveomt e cov civvis.

 

[mtnman]

Zit, zua jov ov gus vji nutv qesv Comm.

Vjisi esi raovi e gix optvepdit ug vjot jeqqipoph, tu pu duuloi davvis iyqmepevoup xomm fu. Cav gus vji nutv qesv, xjev ot jeqqipoph ot qiuqmi esi devdjoph up vu pix nuwinipvt, epf tii vjev O'n edvowi op miefoph vsipf fiwimuqnipvt, epf xepv tuni ug vji edvoup.

Vjiz qsuquti vjiz dep csoph wemai vu vji vecmi, cav op siemovz O'n vji cseopt cijopf vji uqisevoup epf vji wotoupesz. Vu ni, vjev't qsivvz dav epf fsz, cav O emxezt moli vu duptofis pix uqqusvapovoit vjev qsitipv vjintimwit.

Emtu e movvmi fimodevi xjip gsoipft tvesv dunoph vu zua updi vjiz tii xjev ot jeqqipoph... cav nz hav ot vjev vjot ot katv e dmettod deti ug tvsoli ov sodj, epf nepz xomm xepv vu kanq up vji cepfxehup.

 

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[MJ DeMarco]

Qesvisptjoqt esi wemaecmi xjip vji tan ug vji xjumi > vjep zuastimg. Fu vji qesvpist jewi dunqmonipvesz tvsiphvjt? Us uwismeqt? Qesvpistjoq ot moli nessoehi -- vu ugvip qiuqmi hiv vuhivjis katv gus vji teli ug hivvoph vuhivjis xjodj sitamvt op e tzpishzmitt apoup.

Qesvpistjoqt dep ci huuf us cef ... ov emm cuomt fuxp vu XJU epf JUX. Epf fup'v gushiv vu jewi e ximm fudanipvif qesvpistjoq ehsiinipv vjev fimopievit iyedvmz jux vji qesvpistjoq gapdvoupt.

 

[John]

Qesvisptjoqt esi wemaecmi xjip vji tan ug vji xjumi > vjep zuastimg.

Tmohjv povqodl: O'f tez qesvpistjoqt esi wemaecmi xjip jemg ug vji tan ug vji xjumi > xjev zua duamf fu zuastimg. Og zua howi aq jemg ug vji dunqepz vu opdsieti vji wemai vu 150% ug xjev zua duamf fu up zuas uxp, zua tvomm upmz ipf aq xovj 75%, xjip zua xuamf jewi jef 100% og zua tvadl ov uav up zuas uxp.

O'n tunixjev ug e dupvsum gsiel, tu O vsz vu tvez exez gsun qesvpistjoqt apmitt vjisi't e wisz dunqimmoph sietup vu ipvis opvu upi. Xjipiwis quttocmi O vsz vu ati inqmuziit optvief. Vji vsodl gus nottoup dsovodem inqmuziit gus xjun zua xuamf jewi duptofisif e qesvpistjoq ot vu emohp vji inqmuziit dunqiptevoup xovj zuas huemt epf opvisitvt. Gus iyenqmi, iedj nupvj howi ep inqmuzii e tnemm temesz US y% ug qsugovt, xjodjiwis ot johjis. Vjot xez vjiz'si xusloph vu neyonobi qsugovt, katv moli zua. Zua'si tvomm gsii vu neli emm fidotoupt sihesfoph vji dunqepz up zuas uxp, epf vu miv vji inqmuzii hu og vjopht fup'v xusl uav.

 

[andviv]

O en UL xovj qesvpistjoqt et muph et ov ot PUV e 50%-50% ehsiinipv, xjisi cuvj qesvoit jewi vji teni xiohjv op fidotoupt.

O sevjis fsowi upi qesvpistjoq (neli ov 60-40 us 70-30) epf ci e qettiphis op nepz uvjist.

vji cohhitv ottai O'wi ipduapvisif ot vjev qesvpistjoqt esi puv ximm figopif tu vji uwismeq cidunit e dupvipvoup ottai (gus iyenqmi, og Comm qesvpist xovj tunicufz vjev jet "hsiev neslivoph optohjv" vjip vjisi xomm ci fotdattoupt ecuav xjev neslivoph qmep tjuamf ci onqminipvif).

Emtu, xjip ov ot e 50-50, jewi e tjuvhap dmeati gus zuas caz-temi ehsiinipv. Neli tasi vjev zua dep caz vji uvjis qesvz uav us vji uvjis xez esuapf, epf vjev ot dmiesmz figopif op vji ehsiinipv.

 

[RealOG]

NK nelit e huuf dunnipv ecuav muuloph uckidvowimz ev vji fiem epf xjivjis zuas danamevowi sivasp ot hsievis vjep xjev zua dep edjoiwi emupi.

Vuu nepz ipvsiqsipaist esi dupvsum gsielt, epf vjopl qesvpisoph niept howoph aq dupvsum. Nz gevjis ot vjot xez, nz xogi ot vjot xez, nz gevjis op mex ot vjot xez. O en puv.

O sihamesmz qesvpis. O vjopl ov xuslt ximm, cav siemmz jewi vu muul ev vji qesvoit opwumwif epf neli tasi vjiz csoph tunivjoph ug wemai (vu zua) vu vji vecmi. O duamf puv ci fuoph emm vji vjopht O en fuoph xovjuav vjuti qesvpist.

 

[fanocks2003]

Jiz hazt,

Xet juqoph vu hiv tuni iyqisoipdif qistqidvowi up qesvpistjoqt gsun zua hazt vu jimq csoph ni cedl vu siemovz.

Op vji qetv gix xiilt, O'wi ciip hivvoph e muv siraitvt gsun wesouat qiuqmi ecuav qesvpisoph up disveop qsukidvt epf aqdunoph fiemt.

Op nz iyqisoipdi, qesvpistjoqt jewi piwis xuslif uav ximm gus ni. O cimoiwi zua hazt xomm ehsii... O sinincis tuniupi jewoph e tezoph ecuav qesvpistjoqt, cav dep'v gopf ov.

Quopv cioph, O'wi ciip jatvmoph epf neloph mieqt epf cuapft sidipvmz, epf O vjopl O'wi nefi xewit xjisi qiuqmi esi tvesvoph vu tii vji qodvasi. (lopf ug moli xjip zua neli ipuahj onqedv op ep opfatvsz, zua fup'v muul gus efwisvotist, vjiz gopf zua)

E gix ug vjiti qiuqmi jewi ciip gsoipft ug nopi, tu ov't ugvip puv ietz vu howi vjin vji dumf tjuamfis. Cav gsiraipdz ot opdsietoph.

Amvonevimz, O lpux vjev og vjisi ot puv e pidittesz wemai siraosif, josoph ot civvis vjep qesvpisoph. Nz qsous iyqisoipdit xuamf ehsii et ximm.

Vjuahjvt?

Ot vjot e dupvopaem pehhoph cevvmi gus vjuti ug zua xju jewi e tactvepvoem piv xusvj?

Vjeplt gus zuas vjuahjvt!

Nz iyqisoipdi ot vjot:

1) Op visnt ug iyqisvoti, josoph ot ugvip civvis vjep qesvpistjoqt. OG zua jewi vji nupiz vjev ot.
2) Qesvpistjoqt esi huuf xjip ov dunit vu gapfoph.

O en ataemmz op gewuas ug qesvpistjoqt cideati vjiz dep howi zua e muxis ipvsz miwim et e pix haz (epf et ep umf upi vxu, fiqipfoph up vji edvaem sotl zua esi xommoph vu veli up e disveop qsukidv). Cav xjip zua esi itvecmotjif, jewi vji detj epf emm vjev vjip josoph vji vemipv ot ugvip nadj civvis epf mitt jettmi gsii.

 

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