Loyalty in business

[LB]

Originally Posted by SexyCityJim

LB have you considered partnering with your friend? This way you could both have a financial stake in the company and your knowledge could go a long way towards it being a success.

JIm

I considered this !

But dealing with him over a period of time I have noticed he tends to lack the ability to stick to things and finish them. He is an ideas man, but has great difficulty in actually doing that hard work. I would end up probably doing all the work and I already have a program that keeps me more than busy

[spazlabz]

Originally Posted by LB

I considered this !

But dealing with him over a period of time I have noticed he tends to lack the ability to stick to things and finish them. He is an ideas man, but has great difficulty in actually doing that hard work. I would end up probably doing all the work and I already have a program that keeps me more than busy

That's a shame LB because I know if someone said that to me (if that was a problem of mine) I would get kind of defensive and try and argue that it wasn't the case. So i can see how you have been put in kind of a difficult position.
He really shouldn't have asked you for cash. I feel for ya

Jim

[SirMoby]

Originally Posted by LB

I considered this !

But dealing with him over a period of time I have noticed he tends to lack the ability to stick to things and finish them. He is an ideas man, but has great difficulty in actually doing that hard work. I would end up probably doing all the work and I already have a program that keeps me more than busy

So what are you saying now? You're not going to give me the money?

[virgohippy]

Originally Posted by LB

I considered this !

But dealing with him over a period of time I have noticed he tends to lack the ability to stick to things and finish them. He is an ideas man, but has great difficulty in actually doing that hard work. I would end up probably doing all the work and I already have a program that keeps me more than busy

What are his reasons for starting up his own paysite? Is he strictly looking for independence? If not, how much do you value the potential of his ideas? Enough to work with him in a partnership, knowing you'll be responsible for a good portion of the work in the end?

Personally, I've always valued good ideas above most anything else. But maybe that's cuz I don't think of myself as having the most dedicated work ethic. However, I know most of my ideas to be bad ideas. In order for me to know the difference I have to share my ideas with people I trust - the kind of people who have a work ethic higher than my own.

Maybe a situation where the two of you pit each other's strengths/weaknesses against each other might prove beneficial for both of you.

[neveremail]

Originally Posted by LB

I considered this !

But dealing with him over a period of time I have noticed he tends to lack the ability to stick to things and finish them. He is an ideas man, but has great difficulty in actually doing that hard work. I would end up probably doing all the work and I already have a program that keeps me more than busy

If he is an ideas man then I would consider this:
Its people that make a succesful business not ideas. A hundred people can have a great idea but only one exceptional person would succeed.

If this guy has problems seeing things through then the WORST thing you could do is give him an easy ride by giving him the money. It takes away all the pressure because if he fails he loses your money not his. If however he has to raise the capital himself there is a much better chance he will see this through to the end and motivate himself a lot more. And you can always be there to offer a helping hand in the tough times. I have not been in the business long but I know starting an affiliate program would be fucking hard and that a helping hand would be worth its weight in gold.

From the amount of help you have given back to the adult WM community you need not feel guilty about not giving this guy money. The adult WM community is getting harder and harder to break into for newbies and if it was not for the help and advice of people like you so many webmasters would have failed. I have so many of your posts bookmarked and a few saved radio shows of yours too. You've already helped me quite a lot and I'm probably one of atleast a few hundred.

Think of all the webmasters you have helped over the years and what they would say if you asked them for a substantial loan for a questionable business idea. I could imagine getting a free linkback off many of the people you've helped would be hard enough!