Quote:
Originally posted by Colin@Jan 15 2003, 07:51 PM
Hmmm .. while quite new (about 5 months live), my partnership with JR on Pleasure Labs is awesome :-)
We have very strong and clear division of labor and responsibility. I think this is very important. Also trust. You have to trust the decision-making of your partner/partners or else you are in real trouble. If you don't trust that they are making the best decision 95%* of the time for their area of responsibility - you need employees, not partners. In truth, I always work with partners that I
trust will make BETTER decisions than me in their respective areas of responsibility.
* Number may vary.
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good points colin
I've had a lot of variations of partnerships in this industry, 2 stand out ... 1 was the worst arrangement imaginable and it taught me what not to do, the other has been the best arrangement possible and taught me that not every partner is out to screw you for every cent ...
1) What were your biggest successes in building it?
finding working partners who compliment your own skill set and whose strengths are your weakness
2) What were your biggest pitfalls?
clearly defining who owns what, who pays what and who is responsible for what. partnerships with changing rules are doomed. KISS theory is necessary ...
3) Would you do it again?
yes, especially in standalone projects ... but as nick said, better than partners is a good team of employees who have incentive to do their job well