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When I was about 27 and had my own business I sat next to a billionaire at some charity dinner (in Ireland this can happen fairly easily - not because of the nu
by scandox 9y ago
When I was about 27 and had my own business I sat next to a billionaire at some charity dinner (in Ireland this can happen fairly easily - not because of the number of billionaires - which is low - but because of the tiny social scene).
Anyway he asked me about my business. Then he said: "Do you have a business partner?".
I said "Yes I do".
He said "Get rid of them".
- insulanian 9y agoAgreed - business partner usually implies compromises.
- gtf21 9y agoYeah and compromises/disagreements sometimes mean the difference between barking up the wrong tree and seeing the flaws in your own argument.
- gtf21 9y agoWhat is this anecdote supposed to tell the OP? I can only assume that the intent is to imply a link between this man's advice and his wealth, but data isn't the plural of anecdote.
- scandox 9y agoWell I'm just relaying the advice of a somewhat successful man, which I didn't take. But to expand I think what he meant was if you're confident that you can do it and you mean to do it, then don't halve the responsibility. Take it all.
- gtf21 9y agoI really don't agree. I'm pretty confident in my ability to do what I do, but having a cofounder has given me a useful critic (amongst other things). Having gone through this stuff, I would have wanted to have done it on my own. * > just relaying the advice of a somewhat successful man This is a fallacy. Unless it's backed up by really good reasoning, I wouldn't take someone's advice seriously _simply because_ s/he has been successful at _something_. There are too many factors at play and way too much context to make it meaningful unless it obviously translates to the situation at hand. I can't think of a plausible reason why having a business partner is, 100% of the time, a bad thing (which is what is suggested in this anecdote). * caveats: "having a cofounder" is obviously not a panacea, and may not be a good thing if you don't have the right relationship (which seems fairly clear from the OP)
- scandox 9y agoI'm not arguing. I'm "relaying". He's more successful than I am. He gave me the advice. Looking back I regret not taking it for a variety of reasons. Everybody's going to be different.