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Marketing job
xtina
#11 Posted : Saturday, February 08, 2014 4:18:38 PM
Rank: Member

Joined: 6/26/2008
Posts: 401
suwan wrote:
huh, thanx 4 the comments...I guess poor structures and partnerships caused the damage. I am not giving it up yet...just looking for a job to be able to start over again...but I have atlist I 've realized my mistakes my lessons!d'oh!

best lesson learnt....going it alone is better!

Glad you have learnt the lessons which you will use going forward, from that you have just earned an MBA. Obviously, I don't know how your partnership is structured, but I'm in one and it has worked out quite well, so don't rule out partnerships. All the best ukitafuta job, utapata.













xtina
#12 Posted : Saturday, February 08, 2014 4:39:56 PM
Rank: Member

Joined: 6/26/2008
Posts: 401
AlphDoti wrote:
suwan wrote:
huh, thanx 4 the comments...I guess poor structures and partnerships caused the damage. I am not giving it up yet...just looking for a job to be able to start over again...but I have atlist I 've realized my mistakes my lessons!d'oh!

best lesson learnt....going it alone is better!

@suwan sole trader is not necessarily better than partnership. The later has more heads, more potential to raise funds.

You probably fell short in the following areas: agreeing on liabilities, ownership, profits, and when one partner leaves.

Lesson; partner with people you know very well.


Well said, esp on the ownership and profits. Know one where one partner wasn't too keen on the biz until it started making profits, and all of a sudden it was her 'profits'. In another case, one partner got married and the new spouse wanted to push the other member out. But partnerships trump sole prop. any time.
Muriel
#13 Posted : Monday, February 10, 2014 9:47:56 AM
Rank: Member

Joined: 11/19/2009
Posts: 3,142
Sincere apologies to Suwan and Xtina.

Too much haste to speak from me.

More reading is a thing I too am familiar with.

smile
nakujua
#14 Posted : Monday, February 10, 2014 10:05:35 AM
Rank: Elder

Joined: 12/17/2009
Posts: 3,583
Location: Kenya
mkonomtupu wrote:
it's sad to see another entrepreneur give up. What happened, cashflow?

I can't picture myself being employed waiting for end month to collect a payslip but all the best

mambo ya cash kills many biasharas, but the saddest part I have seen is people giving up on entrepreneurship after less than 5 years.

After the freedom in self employment going back to regular employment is a very hard thing, at least I also do not picture myself going back.
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