The Pitfalls in Partnerships
Today, Chris and Jason are talking about the pitfalls that may come out of bad business partnerships. First, they caution that the most available, eager people are in most cases the wrong partners, as good business people are careful and choosy. Then they advise to “bet on the jockey, not the horse,” meaning the operator is separate from the business model–the idea might be fantastic, but if the person with the idea is not, steer clear. And then they discuss how if you are the mastermind, the responsibility ultimately lies on you, and choosing the wrong partner(s) could cause you big problems. As they’ve said before, in a good partnership, 1+1 should equal 3, at the very least.