Page 156 - Midas Touch

the right partner, it can be heaven. Choose the wrong partner, and it will be
hell.

The best partnerships are made up of three different people:

1. The Dreamer

This person has the pretty picture, the perfect vision of a beautiful future.

2. The Business Person

This person runs the business. The business person makes sure the pieces
of the puzzle fit, and the trains run on time.

3. The S.O.B.

This is the guard dog. They trust no one and don’t believe anyone. If
someone needs to be bitten, this is the person you call upon to do it.

We have learned to become all three people. Some entrepreneurs are only
one or two. Are you able to be all three? If not, hire the person or persons
you’re not, because you will need all three.

Here’s some cheap but effective legal advice. Before becoming an official
partner in a business, it is best to have an attorney draw up a “buy-sell”
agreement, just in case things go bad or one partner wants to keep the
business and the other wants to move on. A buy-sell agreement is like a
pre-nuptial before the wedding. As you know, most wedding ceremonies

end with the line, “Till death do us part.” One reason why 50 percent of
most marriages end in divorce is because divorce is much better than
death.

Like many couples, many potential partnerships find out they are
incompatible when they begin working on their buy-sell agreement. The
same is true with a pre-nuptial agreement. It is best to find out your
differences early, rather than after the business or marriage begins.

There is an old joke that goes like this:

Therapist: “Why do you have so many relationship problems?”

Client: “I seem to attract the wrong kind of men.”

Therapist: “That’s not true. Your problems begin when you give them your
phone number.”