IBM 126 | The Pros and Cons of Online Business Partnerships

In this episode of Internet Business Mastery, we reveal the up and downside of internet business partnerships  And in the quick tip we share a source of amazing free content for entrepreneurs.

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  1. Have you considered having a business partnership? Why did you do it or not do it?

  2. Creat episode as always guys. Love it.

  3. Hi Guys,

    Having just experienced a negative collaboration with a “friend”, I want to caution folks:

    1. If you can pretty much do it yourself, don’t take on a partner.

    2. If your partner displays overbearing qualities, such as Narcissism or alcoholism, AVOID. He might bring important qualities to the partnership, but in the end, do you really want to work with Charlie Sheen? It’s a nightmare.

    3. Be as clear up front as possible what you both want your Definite Major Purpose to be. If you’re not on the same page, either don’t become partners or make a deal before things get ugly.

    4. Make sure you trust this person to care about you as a friend and human being. Examine their lifestyle and maturity.

    5. If your potential partner is a FRIEND, I strongly caution against starting a business together. It might sound fun in theory, but when money gets involved, you will learn things about them you never knew.

    I wonder how Sterling and Jay iron out their differences respectfully? I know it’s a touchy subject, but if you could share those details it might help others.


  4. Yeah, I have thought about partnerships. I’d rather go it as a sole proprietor because my personality type is just, well, I work best on my own.

    I love collaboration, but I need to work on my own.