The fudge flew out of our hands. Within 10 minutes we were sold out. We more than doubled our investment. Clearly our marked has a healthy demand for the product that we are supplying. What Tanya noted was how we each made R17 profit from our initial R10 investment. When you say it like that it does not sound nearly as good as R34 profit. If you take this feeling and magnify it until it is on the scale of a six figure business partnership you quickly begin to see why so many partnerships fail. The reason is greed. When you start dreaming about making all the money for yourself without having to share any of it with a partner, you quickly reach a point where you are no longer happy to get a cut of the cake (no matter how big said cake is). Once this feeling of dissatisfaction sets in you begin to sabotage your relationship with your partner(s).
Luckily I'm happy to share my profits with my girl friend, but the lesson I have learned here is to carefully evaluate the merits of a partnership before I commit myself to it. A good friend and business mentor of mine once said that you never do business with a partner, and I believed him, not really understanding why he made this statement. After this challenge and the discussion between Tanya and I, this lesson became more than just theory to me.
Wednesday, May 6, 2009
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