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Jacques, have you read "How to Get Rich" by Felix Dennis? Between this comment and the one where you mentioned using the equity on your house to buy out your pa

• jacquesm 17y ago
  I haven't read that book, but I believe in partners that are 100% committed. Having a part-time commitment means that you have a partner that you will not be able to rely on when you really need them, and that's best reserved for people that bring a one-time effect, such as investors. Their role is money + advice, someone that just gives advice can be hired or an alternative can be found. I think plenty of people look at equity as a way to get off the ground without any costs at all, but long term that may turn out to be very expensive, it may in fact create trouble between other people that would like to commit full-time that you'll have to convince of the value this guy is bringing to the table. Keeping as much of the pie as long as possible is probably closer to my philosophy, and buy back when you feel that commitment is flagging.