I had to talk about this today because a statement that a friend/adviser/mentor had made to me once came screaming back in force and punched me in the face as I listened to a friend talk about a business partnership he’s currently in.

Here’s the advice I had received long back:

“The minute one partner starts to think he/she is doing more than the other, that’s the very moment that you better either address it right away and resolve it or walk away from the partnership - nothing good comes after that first feeling unless it’s resolved…”

I know, a bit of a long statement and I paraphrased because I don’t remember the exact quote. But boy is this true!

I, myself had experience with this last year and my partner was courteous and “ballsy” enough to catch this himself and come to me and ask to leave the partnership. He was very fair about it  and actually made it very equitable for me so I could not really argue or get mad.

But, he saved the both of us MONTHS of pain and trouble.

Today, this was the same advice I gave my friend - either resolve it immediately or find a way to walk, we go into business to IMPROVE our lives, not make them worse… 

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Tags: busienss partnership

This entry was posted on Thursday, April 17th, 2008 at 4:34 am and is filed under "AH HA" Moments, Building A Company. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.