The TE Quote:

“It is rare to find a business partner who
is selfless. If you are lucky it happens once
in a lifetime.”

- - Michael Eisner

TE Mistakes:

Mistake #4 -
You Do Not Pursue Personal and Professional Development Opportunities

Mistake #14
You Have the Wrong People on Your Team

<< Back to Table of Contents

Mistake #17
You Are Involved in a Bad Partnership
Page 102

Given that 40%-50% of marriages end in divorce, I suppose it should not be surprising that business partnerships have similar failure rates.

All partnerships are NOT bad; however, current and would-be business owners should weigh the pros and cons before making a final decision. Like marriage, many business partnerships start with lots of optimism and hope for the future. “How could we fail?” is a consistent mantra of most new partnerships. “After all look how much experience and talent we bring to the table!”

IN THE BOOK I discuss how to avoid getting involved in a bad partnership and what do you do if you find yourself stuck in one?

One Possible Solution Offered in The Termite Effect:

  • Avoid 50/50 partnerships. Someone has to be able to move the company forward.