Entrepreneurship Cottage: 10 of the most vicious venture Partners

The result of a partnership venture may be a comedy or a tragedy. Most entrepreneurs like to find partners to go on the road, but in many cases or unsustainable, or separate, or fall apart, or even in court. In fact, only a simple review beforehand can help you avoid the failure of the partnership venture. So, did you do your homework? Do you think your personality, professional ethics and business acumen are worth working with? Before you sign a partnership agreement with someone, you may want to take a look at 10 of the worst http://www.aliyun.com/zixun/aggregation/7103.html "> Venture Partners, and how to avoid sitting in the same boat with these people."

1. Years of wage earners

Years of wage earners have a long resume and a thick certificate of qualifications, but their own boss is the first time. He likes to get paid on time, to enjoy health insurance, to go home to dinner with his family every night 7 o'clock. Unfortunately, wage earners can not operate their own businesses, you need a directive, a movement to teach him how to develop enterprises. And if your investment plan does not immediately yield benefits, he will run to find a "real job", or his child's tuition who will pay?

Recommendation: Do not like the risk, the target is not consistent with the person is difficult to become a good partner. Skip those who can't contribute the same amount of time, energy and money.

2. Perfectionist (perhaps a habitual procrastinator disguised)

Even when the official release date of the product was determined, the perfectionist demanded that everything be meticulous, otherwise he would not be able to work. He likes to study rivals, set up industry case studies, and make his 150-page business plan perfect. Perfectionists, of course, want new businesses to be on the right track, but there's a place in the deep inside that feels wrong. He plans to send a detailed survey of his colleagues, friends and family over the next few weeks to further enrich his ideas.

Suggestion: A good plan on hand is more useful than a perfect plan for tomorrow. Avoid the habit-procrastinators who may be using perfectionism as a pretext to find someone who is strong and motivated.

3. University Companions

Maybe one night at a pub, when a college companion was suddenly hit by a piece of inspiration, he immediately found a napkin and asked you to help him "make it happen." He likes to brag about his great ideas and show you how to do it (he's not interested in "hands-on"). The problem: He's going to be in medical school thousands of miles away in the fall. But don't worry, you'll be able to contact him by phone when he doesn't have to study, work, have classes or have a date. He will certainly tell you the address so that you can remit his half of his profits to him.

Suggestion: Never take all the risks for half the return. Without an excellent execution process, the idea itself is worthless. Before the cooperation creativity is put into production, make sure the partner has long-term participation plan. What is written on a napkin is not legally binding, but a formal operating agreement must be entered into.

4. Inventors

Inventors tend to think that the gadgets they create can grow into a 1 billion dollar business. He likes to use 2 hours to explain the Chinese power engineering standards to investors, superstition, "people at the beginning, sex is good", make business decisions rely on "intuition." Inventors do not understand the word "profit", but think they need to use all of the company's investment income in research and development.

Suggestion: Excellent scholars are not necessarily good businessmen. It is best not to start a business with such a person, you may wish to consider a technical authorization to cooperate with them or to establish strategic partnerships. If you still decide to start a business with such a person, it's important to remember that the partnership agreement clearly divides product control and operational control.

5. Who thinks he's always right

He who thinks he is always right likes to tell you that he will never be wrong. His favorite colloquial is "listen to me, yes." He rarely talks about his decision making process, because he doesn't feel that way. He likes to belittle the opposing partners and make decisions behind their backs. Most of all, after the failure of the plan, which is always right, he will always blame others and think he has no responsibility.

Suggestion: Communication is the key to successful cooperation. You need collaborators, not dictators. No one is ever right.

6. The Dreamer

You will often hear dreamers say, "Wait till we get rich ..." He likes to dream of retiring at the age of 29, then buys a luxury yacht with millions of dollars that he still doesn't see shadow, and cruise his own private island. The dreamer has only one fatal glitch: It looks like he doesn't know how to get the business to survive the next month.

Proposal: The future of wealth to rely on years of unremitting hard work to exchange, rather than by the East a hammer West a rake to daydream. Partners should have a positive and optimistic personality, but down-to-earth and dedicated are equally important.

7. The profligate

People who like to spend money without a six-digit salary, luxury offices and private cigar machines. He doesn't mind spending much money to curry favor with customers, and flying in first class is never bad. If you're lucky, the spendthrift will invite you to his lavish dinner, which is on the company account anyway.

Proposal: The company's money is not inexhaustible, the use of endless, partners should be more cautious money, have a sense of responsibility, each piece of money for the development and development of the company, rather than to enrich their private life.

8. Like CEO title

Such a person would be able to declare himself a CEO in 30 seconds, even if his company was less valuable than the paper that printed the card. He loves cocktails, he likes to sign autographs with fancy flowers, and he likes to fold a dozen of car magazines neatly on the coffee table where the customer's eyes are. There is only one thing he doesn't like: hands-on work.

Suggestion: The enterprise does not rely on the name, rhetoric and showy to achieve success. Try to avoid those who are selfish, willful, and say nothing.

9. Vegetarian Corpse

I would like to tell you more about such a person's problem, but I think I can not think of anything, because he almost did not appear in the company.

Suggestion: Vegetarian corpse is the burden of enterprises, will only consume profits. When signing an operating agreement, remember to clearly list the partner's obligations and length of vacation.

10. People with personal problems

This kind of person always has many unfortunate encounters. The day your company made a keynote speech at a big meeting, his son was going to pull wisdom teeth, or his dog died of pneumonia. He would also like to attend next week's shareholder meeting, but that day will go to the court to open a divorce lawsuit, no more. Unfortunately, he couldn't afford to pay his lawyer, so this month he had to get some money from the company to ask his lawyer to help him keep his 50% stake in the company without being split by his ex-wife. Thankfully, hopefully this is the last time he needs to take money from the company ...

Proposal: Such partners like to avoid the plague, can hide as far as possible to hide how far. You are going to start a business, not to be someone else's nanny or psychiatrist. Before signing the contract must be identified with the future partners, and the other side to exchange views on various issues, such as business, politics, family life, economic situation. If a potential partner looks defective, turn around immediately. (Wen/scott Gerber)

Source: Entrepreneurial State