Comments on: Partnerships – Part 3 http://www.impulsecorp.com/partnerships-part-3 A blog about running an Internet business, domain names, and making money. Tue, 07 Sep 2010 12:54:23 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Chris http://www.impulsecorp.com/partnerships-part-3/comment-page-1#comment-60 Chris Wed, 04 Nov 2009 15:43:20 +0000 http://www.impulsecorp.com/?p=183#comment-60 Ok seems like you are and or were on the same path I am. I have been here since the internet internet started. I have been in many partnerships that did not work all for some of the same reasons you explain. In my end some really good agreements kept me out of real hard cash loss issues. Although I must say I am in a couple of them now and they seem to be very good and growing in revenue and profits. Going for 5 years now. I find that sharing in the wealth of the corporation with it key people brings long term relations and cash flow to the better side of black instead of always living in the red with never ending change. See I am not affraid of letting the rains go when it come to running the company. I prefer it if the person that is going in my place has the skill and the spirit of the company at the hard of their ethics and integrity. I am always starting/looking for new ones and letting them blossom. I have a couple now that will grow and just add to the list of successful things going. Even if it only adds a little to my self worth it is still a little toward the goal of a lot of a little thing = lot of something working in the favor of all participants in the partner ship. You have to remember that when in a partnership. False Expectations and Wrongly appropriated trust is 90% of the failures and your ability to recognize it fast is the end or the beginning of another one that may work. If you share in its wealth and leadership it will add the difference to whether it succeeds or fails on the 90% the other 10% comes from the cash flow and politics involved so you need to have a good communicators in the trenches keeping everyone going forward "Zelet" may be a good term for them. So be strong be smart and surround your self with good people, good communicators, pay your people based on their successes, make good contracts and never loose site of "everyone participates in the success of a company". Just a note. I have two ventures going now that have 5 people running in each and I have never meet them except virtually so they are 100% Virtual and it works very well. Ok seems like you are and or were on the same path I am. I have been here since the internet internet started. I have been in many partnerships that did not work all for some of the same reasons you explain. In my end some really good agreements kept me out of real hard cash loss issues.

Although I must say I am in a couple of them now and they seem to be very good and growing in revenue and profits. Going for 5 years now.

I find that sharing in the wealth of the corporation with it key people brings long term relations and cash flow to the better side of black instead of always living in the red with never ending change.

See I am not affraid of letting the rains go when it come to running the company. I prefer it if the person that is going in my place has the skill and the spirit of the company at the hard of their ethics and integrity.

I am always starting/looking for new ones and letting them blossom. I have a couple now that will grow and just add to the list of successful things going. Even if it only adds a little to my self worth it is still a little toward the goal of a lot of a little thing = lot of something working in the favor of all participants in the partner ship.

You have to remember that when in a partnership. False Expectations and Wrongly appropriated trust is 90% of the failures and your ability to recognize it fast is the end or the beginning of another one that may work.

If you share in its wealth and leadership it will add the difference to whether it succeeds or fails on the 90% the other 10% comes from the cash flow and politics involved so you need to have a good communicators in the trenches keeping everyone going forward “Zelet” may be a good term for them.

So be strong be smart and surround your self with good people, good communicators, pay your people based on their successes, make good contracts and never loose site of “everyone participates in the success of a company”.

Just a note. I have two ventures going now that have 5 people running in each and I have never meet them except virtually so they are 100% Virtual and it works very well.

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