Home: Message List - What are the pros and cons of a business partner?

Re: What are the pros and cons of a business partner?

blitzlocal — Fri, 07 Nov 2008 13:06:16 GMT

Mike,

The trade-off-- losing control versus being able to scale your business.
Are you a sole proprietory?

We have 45 people in our company-- the dilution is worth the increased team power.

Dennis
analyst, blitzlocal.com
advertising for small local businesses

Re: What are the pros and cons of a business partner?

puzzleman — Thu, 14 Feb 2008 14:04:46 GMT

Uncle Leon, Thank you for filling out the profile page. I appreciate knowing who I am talking with.

Jim

Re: What are the pros and cons of a business partner?

Uncle Leon — Thu, 14 Feb 2008 01:08:36 GMT

Hi, Puzzleman.

I have, since, entered some profile information. However...as previously stated: If I offer a suggestion, it is based upon over 30 years "in the trenches". The recipent may either consider it, or reject it. Either way, it's no profit or loss to me.

If I attempt to help someone, it's payback to others for the help I have received from others.. It's now time for me to pass it on. However; to paraphrase the old cliche: I will lead the horse to water....From there, it's up to him whethee he chooses to drink.

Re: What are the pros and cons of a business partner?

puzzleman — Thu, 07 Feb 2008 13:35:22 GMT

Uncle Leon and FC Painter, In another discussion myself as well as several other people were wondering why people don't put some information about their business on the profile page.

I feel that when I am receiving or hearing information from someone whether in person or online, I like to know a little about them. Luckiest's question of who Uncle Leon is was justified. He is giving advice but all his profile says is that he is retired. Retired from what? Retired from emptying garbage cans for forty years as an employee?

Please some info up in your profile so that others can know a little about you. You don't know where everybody lives or who they know, so you don't know if somebody might just need their house or business painted. It is another form of marketing.

Re: What are the pros and cons of a business partner?

Wonderful — Thu, 07 Feb 2008 11:59:57 GMT

Hi Uncle Leon,
I've found that your suggestions/remarks are very useful. Would you please drop me an email at linda@ddldfashion.com.

Thanks

Re: What are the pros and cons of a business partner?

Wonderful — Thu, 07 Feb 2008 11:57:48 GMT

Hi Uncle Leon, Would you please drop me an email at : linda@ddldfashion.com

Re: What are the pros and cons of a business partner?

Michael — Thu, 07 Feb 2008 07:13:38 GMT

Uncle -

Welcome to the community. I appreciate your comment.

You seem extremely knowledgeable. Can I request that you drop me an email?

mike.stratton@intechspecial.com

I woud greatly appreciate it.

Re: What are the pros and cons of a business partner?

FCPainter — Thu, 07 Feb 2008 02:56:31 GMT

I think LUCKIEST is just a little overenthusiastic about getting to know people. I thought your comments were thoughtful and good and that if the site wanted to pre-qualify all current (or former) business owners, they would do that.

...plus, I missed the profile when I registered and haven't really seen the value of going back and filling it out unless someone wants their house painted

Re: What are the pros and cons of a business partner?

Uncle Leon — Wed, 06 Feb 2008 21:40:17 GMT

<<Uncle?? Who are you?? Where are you?? Retired from WHAT??
A few words about you Retired LUCKIEST>>

What's your "beef", Luckiest? And why would you challenge someone who is attempting to help others? Why should anyone have to "qualify" to help someone?

If my advice is an acceptable reply to the one who posted, then let them benefit from it. If not, they can ignore it.

However, I will answer you anyhow.

I successfully operated my own business for 31 years and sold it profitibly. During that time I was president of 3 professional associations....one small (40 members) and two medium (150 members).

I have considerable experience helping others; including teaching seminars, speaking at conventions, writing articles for two magazines, and writing one industry-specific book on sales psychology, product line development, strategic pricing, and sales techniques.

After retirement, I served as an intermediary for several business purchases. I also served SCORE in Hillsborough county (Tampa) for 4 years as a conselor, workshop instructor, Workshop team leader for two workshop tems, and as vice chairman for 2 1/2 years.

So, tell me, Luckiest...Do I now have your permission to help others on this forum?

Leon

Re: What are the pros and cons of a business partner?

Uncle Leon — Wed, 06 Feb 2008 21:17:04 GMT

Addition:

If a partnership type of business entity should be selected (instead of a corp.) a very good "break-up" or "Buy-out" agreement should be written into the partnership agreement when initially formed.