I am running multiple eCommerce businesses as a tech guy where I provide a platform that can be plugged straight to another business area with minimal costs - to take care of those areas I usually find a business person and offer a generous 50/50 split in equity and rights as I want everyone to feel useful and in control.
What I noticed from some bad examples of business guys I tried something with is that some of them 1) don't have a clue nor willingness to improve 2) are very frustrated they don't own the additional 1% to be completely in charge 3) try to restrict the flow of business information towards me 4) treat tech as an easy thing that must work 100% on autopilot while they don't do much at all.
Whenever this happens I give those persons an out; we can shut the business down immediately (for me it's just another business test that didn't go well and it needs to be resolved ASAP as I don't like to waste time) or those things must change.
It's difficult to find a business person that doesn't want to become super rich in like one year and that really wants to treat the business as an equal partnership and have fun growing it. If you find one, stick with them, it's pure gold.
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I am running multiple eCommerce businesses as a tech guy where I provide a platform that can be plugged straight to another business area with minimal costs - to take care of those areas I usually find a business person and offer a generous 50/50 split in equity and rights as I want everyone to feel useful and in control.
What I noticed from some bad examples of business guys I tried something with is that some of them 1) don't have a clue nor willingness to improve 2) are very frustrated they don't own the additional 1% to be completely in charge 3) try to restrict the flow of business information towards me 4) treat tech as an easy thing that must work 100% on autopilot while they don't do much at all.
Whenever this happens I give those persons an out; we can shut the business down immediately (for me it's just another business test that didn't go well and it needs to be resolved ASAP as I don't like to waste time) or those things must change.
It's difficult to find a business person that doesn't want to become super rich in like one year and that really wants to treat the business as an equal partnership and have fun growing it. If you find one, stick with them, it's pure gold.