What kind of venture partner is the most unlikely to succeed

Source: Internet
Author: User
Keywords Entrepreneurship venture partners
Tags allowing business company development find get hard how to

The result of partnership is good or bad 2 kinds of situations. Many entrepreneurs like to find partners on the road together, but in the end they are unsustainable, or parted ways, or fall apart, and even courtesy. In fact, as long as a simple review in advance, allowing you to avoid the failure of partnership venture. So, do you do your homework? For each other's character, ethics and business sensitivity, do you think you are worth cooperating with it? Before you sign the partnership agreement with others, let us know about 10 kinds of the worst Venture partners, and how to avoid sitting with these people on the same boat.

1 million working wagers

The resumes and qualifications of a million-year wage earners are very rich, but for the first time their own boss. In his opinion, he is more inclined to receive wages on time, enjoy health insurance, go home every evening with his family at 7 pm every evening. Unfortunately, thousands of wage earners can not run their own businesses. You need an instruction and an action to teach them how to develop their business. And if your investment plan does not yield immediate benefits, he runs for a "real job," or who pays for his child's tuition?

Advice: People who do not like risk and have inconsistent goals are hard pressed to be good partners. Skip those who can not contribute the same amount of time, energy and money.

2. Perfectionist (perhaps disguised as a habitual trainer)

Even determining the official release date of the product, perfectionists require that everything be meticulous, otherwise he will not be able to work. He loves to research competitors and set up industry case studies to make his 150-page business plan a perfect one. The perfectionists, of course, hope that the new business can get back on track right away, but there is always a place in the heart that is not right. He plans to send a detailed survey of colleagues, friends and family in the coming weeks to further substantiate his ideas.

Recommendation: A good plan at hand is more useful than a perfect plan tomorrow. Avoid some of those who may be used to perfectionism as an excuse for the tractor to find some strong, energetic people.

University partner

Maybe a night in a bar to enjoy themselves, the college companion was suddenly hit by an inspiration, he immediately find a napkin down, and then ask you to help him "make this a reality." He likes to brag about his great ideas, pointing you how to do it (he has no interest in "hands-on"). The question is: he is going to report to the medical school thousands of miles away in autumn. But do not worry, you can still reach him by phone when he does not have to learn, do not work, have classes or appointments. He will certainly tell you the address so that you can remit half of his profit to him.

Suggestion: Never assume full risk for half the return. Without good execution, creativity is worthless. Cooperative creativity into production, to determine the partners have long-term participation in the plan. Things written on napkins are not legally binding and you must make a formal operating agreement.

Inventor

Often, inventors think the gadgets they create can grow into billion-dollar businesses. He likes to use two hours to explain to investors Chinese electrical engineering standards, superstition, "the beginning of a person, good nature", making business decisions is by "intuition." Inventors simply do not understand the word "profit," but think it necessary to invest all the company's investment in research and development.

Advice: A good scholar is not necessarily a good businessman. It is best not to start a partnership with such people, may wish to consider their cooperation with the technical cooperation or the establishment of strategic cooperation. If you still decide to start a business with this kind of people, we must remember: clearly divided in the partnership agreement product control and operational control.

5. think they are always correct

I think I will always tell you that he will never be wrong. His favorite verbal phrase is "Listen to me, correct." He seldom discussed his own decision-making process with others because he felt he could not show his level. He likes to belittle partners who oppose it and carry them to make decisions. The most terrible thing is that after the failure of the plan made by the people who think they are always correct, they will always blame others for not taking any responsibility on their own.

Suggestion: Communication is the key to the success of cooperation. You need collaborators instead of dictators. No one is always right.

Dreamer

You'll often hear of dreamers saying: "When we get rich ..." He likes to rejoice at the age of 29, and then buy his luxury yachts with millions of dollars without the shadow now Private island. The dreamer has only one fatal flaw: It does not seem like he knows how to survive the business next month.

Advice: Future wealth depends on years of hard work in exchange for hard work, rather than daydreaming by a hammer from the west. Partners should have a positive and optimistic personality, but it is also important to be down-to-earth and dedicated.

7 big-timers

People who like to spend big money can not do without six-figure salaries, as well as luxury offices and private cigar makers. He does not mind how much money to please customers, take the first class fly and never feel bad. If you are lucky, you will invite you to attend his sumptuous dinner. Anyway, they are counted in the company account.

Recommendation: The company's money is inexhaustible, inexhaustible, partners should be more cautious money, a sense of responsibility, every dollar for the company's development and development, rather than to enrich their personal life.

8 like CEO title

Such a person will meet with others within 30 seconds to announce that he is a CEO, even if his company is not as good as printing a piece of paper worth the paper. He loves cocktail parties. He likes to use beautiful fancy characters to sign his name. He loves to pack up a dozen well-known magazine magazines on the coffee table where his customers' eyes are. The only thing he does not like is hands-on work.

Advice: Businesses do not rely on the name, rhetoric and flower shelf success. Try to avoid those who selfish, self-willed, light people do not say.

9. vegetarian meal who

I would like to talk to you more about the problems of such persons. However, I can not remember what I wanted to do because he has hardly appeared in the company.

Suggestion: vegetarian meals are the burden of enterprises, will only consume profits. When signing a business agreement, remember to clearly list the partner's obligations and the length of the holiday.

10. Persistent private issues

Such people always have many unfortunate experiences. The day his company is giving a keynote speech at a major conference, his son is going to pull his wisdom teeth or his dog dies of pneumonia. He would also like to attend next week's general meeting of shareholders, but that day to go to court to fight divorce proceedings, apathetic. Unfortunately, he can not afford his own lawyer fees, so this month he must get some money from the company and ask a lawyer to help him keep his 50% stake in the company from being divorced by his ex-wife. Thank God, I hope this is his last need to take money from the company ...

Advice: This partner should hide as far as hiding from the plague. You are ready to start a business, not as a nanny or psychiatrist for others. Before signing a contract, we must check out all the pros and cons of the future partners and exchange opinions on various issues such as management, politics, family life, and economic conditions with each other. If a potential partner looks wrong, immediately turn around.

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