The Right Partnership from the book The Glitter Plan by Pamela Skaist-Levy and Gela Nash-Taylor
"As an entrepreneur, finding the right partner gives you the opportunity to experience crazy things, and you've got someone to hug and cry and scream and laugh and love. It's the same thing as any great relationship. You have a partner in crime through everything--good, bad, or ugly, here we are. Everything is better with two, whether you are moving in unison or one is pulling the other along.
Before you go into business with somebody, you have to be an archeologist. Dig in there and investigate if it's the right person or not. For us, it was intuition. We knew we were birds of a feather. So many partnerships fall apart because you get started and then realize you don't see eye to eye. You have to find a like-minded person, somebody who you like to play in the sandbox with. You spend more time with a business partner than almost anyone. You don't need to have the same creative vision all the time, but you do need the same values and ethics. It's like a marriage. It's through sickness and health. When things go well and you're happy, of course you love each other. But when things don't turn out how you expect, can you weather the storm together?"
Chapter Summary
Tips on How to start a business:
2. Do what moves you and find your partner in crime
3. Learn from a starter experience (learn from your past experiences)
-Anything you need to know in a bigger pond we learned in a smaller pond
-Not every business is going to be a success, but that doesn't mean you don't learn from it. Pick up and move onto the next one with even more focus on what you want.
-You have to be you own customer. If you won't buy it, who will?
4. The KFC Theory is NOt Just for chicken: Do One Thing and Do it Well
5. Competition Can Be healthy.
-Bring it on! It means you're on to something. And it drives you to be better. But it also means it's time to sound the rebel yell and up your game.
Build Your staff like a family
-Build a team based on your gut feeling about people.
6. Taking it to the next level
-Brainstorm other categories that you could go into while still staying true to your brand DNA
7. Coping with growth, the problem you want to have.
- When something hits, up your game to meet the volume, or someone bigger and stronger will come in and steal your thunder.
-As you get bigger, don't forget where you started. You are still the customer, and your product should still have your personal touch.
8. Growing pains: what to expect
- If you are successful, you will hit a wall where you can no longer just trust your gut. That's when corporate management comes in.
-How to Prepare your Business to Sell
8
Chapter Summary
Tips on How to start a business:
2. Do what moves you and find your partner in crime
3. Learn from a starter experience (learn from your past experiences)
-Anything you need to know in a bigger pond we learned in a smaller pond
-Not every business is going to be a success, but that doesn't mean you don't learn from it. Pick up and move onto the next one with even more focus on what you want.
-You have to be you own customer. If you won't buy it, who will?
4. The KFC Theory is NOt Just for chicken: Do One Thing and Do it Well
5. Competition Can Be healthy.
-Bring it on! It means you're on to something. And it drives you to be better. But it also means it's time to sound the rebel yell and up your game.
Build Your staff like a family
-Build a team based on your gut feeling about people.
6. Taking it to the next level
-Brainstorm other categories that you could go into while still staying true to your brand DNA
7. Coping with growth, the problem you want to have.
- When something hits, up your game to meet the volume, or someone bigger and stronger will come in and steal your thunder.
-As you get bigger, don't forget where you started. You are still the customer, and your product should still have your personal touch.
8. Growing pains: what to expect
- If you are successful, you will hit a wall where you can no longer just trust your gut. That's when corporate management comes in.
-How to Prepare your Business to Sell
8
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