Starting a Business

[KLHJ2]

How is it going Saden? What type of business have or were you trying to start?

[saden1]

Originally Posted by Angry

How is it going Saden? What type of business have or were you trying to start?

I missed this.

It's going pretty good though I've had a few setbacks. I'm having an issues with what I thought was a partner. He is the business guy and I'm am the software guy but it seems that I am to do everything. In any case, I've dropped him though I suspect if I am successful he'll be suing me. I've also had to deal with a few other things related to the software stack I was using. I changed the back-end which set me back about 6 weeks but it had to be done. I'm back on track now and implementing core features.

There still a lot of stuff that has to be done but right now I'm working on creating storyboard and pitch deck. I am trying to everything the right away and if all goes well we will have a demo and pitch deck to show angle investors in September.

Anywho, I may call upon you warpathers to take a survey and beta-test the product when it is complete.

p.s. Anyone have experience severing ties with a business partners? Any suggestions of how to do it best.

[KLHJ2]

Originally Posted by saden1

I missed this.

It's going pretty good though I've had a few setbacks. I'm having an issues with what I thought was a partner. He is the business guy and I'm am the software guy but it seems that I am to do everything. In any case, I've dropped him though I suspect if I am successful he'll be suing me. I've also had to deal with a few other things related to the software stack I was using. I changed the back-end which set me back about 6 weeks but it had to be done. I'm back on track now and implementing core features.

There still a lot of stuff that has to be done but right now I'm working on creating storyboard and pitch deck. I am trying to everything the right away and if all goes well we will have a demo and pitch deck to show angle investors in September.

Anywho, I may call upon you warpathers to take a survey and beta-test the product when it is complete.

p.s. Anyone have experience severing ties with a business partners? Any suggestions of how to do it best.

Ironic that you would ask. Whoever is the majority owner has the upper hand. If you are equal partners then you both must come to a formal agreement. The easiest way and what I did was (although I was the majority owner) formally resign from the company and turned over all intrest to my partners. After my resignation we drew up some paperwork and held a formal debriefing. Basically you guys will have to come to terms on some things (the product etc.). If you guys cannot come to terms then I'm sorry to say that there is probably no way to avoid a lawsuit.

As for me in case you were wondering I may start another company later on, but I will not have a partner(s).