> I note that, aside from your wife, as an entrepreneur it is a bad idea to have partners, rather than employees, and it is a terrible idea to have equal partne

> I note that, aside from your wife, as an entrepreneur it is a bad idea to have partners, rather than employees, and it is a terrible idea to have equal partners. Somebody must rule. Very occasionally two partners can operate a business successfully if each has a separate and clearly-defined role. I have never seen a single instance where three partners could work together; in the many examples I have seen, invariably one of the three, and often two of the three, does no work at all, but he most definitely convinces himself that he invaluable, because he provides some impossible-to-specify intangible, worthy of a high salary and an equal equity portion, and in fact should receive maximum honors. Avoid this by never having partners. > As I mentioned in my Rise & Grind discussion, I cut ethical corners, too. Shhhhhh. I bought crucial lab equipment a former employee haunting the auction privately sold me for cash in a dark corner. I didn’t ask where he had got the equipment, or why it was so cheap. When the fillhead, the most essential piece of equipment, for which I bid $14,400, was charged to me as $1,440, I said nothing. After the auction, I noticed that all the business records of the defunct business, including formulas, financial statements, and the like, had been thrown into a dumpster. I went to the bank’s man running the winddown and asked if I could have the documents. He said no. So I went and took them all anyway, and they were invaluable in understanding the business.