Partners

How Many Partners Should You Have?

I already covered how you find good partners (abridged version: try before you buy), but what about the question of how many partners you should have, or if you should even have partners at all?  Every so often I get asked this, and while there is no “right answer” I always like to analyze each of the possible situations. Flying Solo If you’re the “solopreneur”, the entrepreneur with no partners, you have a few huge advantages. There’s no consensus when it comes to decision making,… Continue reading

2/6/12

How We Make Business Decisions – The CAG Model

I’ve noticed over the years that we’ve become very balanced in our decision making. I think that comes from having a very diverse set of partners. Almost every major decision involves a group discussion in which we discuss the pros and cons of the decision, as well as the priorities of making a decision (sometimes the best business decision is to just leave something alone). And, for the most part, we’ve been successful with this approach. Not like billion dollar successful, but continuous, steady, profitable… Continue reading

10/24/11

Pure Adapt in 2011

I realize that this post is a few weeks late, but I wanted to make sure I took a quick look back at our 2010 and a look forward to 2011, which is already off to an adventurous start. 2010 Review I’m really amazed by what we accomplish every year. At times it seems like things are moving slow, but when I take a look back I can’t say I’m disappointed in the least. Some of the highlights: We started the year by closing Tastefully… Continue reading

1/20/11

How Do You Find Good Partners? Try Before You Buy

One of the most frequent questions I get from people is “how did you meet your partners?”, followed by “what is a good way for me to meet partners?” and “how do I avoid picking the partner from hell?” In my What Startups Are Really Like essay I touched on this a bit: How do you find good partners? When I gave my two presentations at James Madison University, I got this question from both groups. My partners and I were lucky. We all went… Continue reading

6/9/10

How We Communicate

One of the best arguments against having partners is that you avoid miscommunication.  Not only miscommunication about the simple things (did that order get entered into inventory? did someone de-activate that product we sold out of?), but miscommunication about the grander vision of your company (what are our long term goals and why?).  Over time, by necessity, we’ve come up with a pretty good communication system that works for us. We haven’t had any disagreements yet about the long term vision of the company, but… Continue reading

7/30/09