Partnerships - Good or Bad Idea?

Is having a partner a good thing?
Or is having a partner asking for trouble?

Now, there are unlimited situations that can arise - and I trust God will give you the knowledge and wisdom needed in any situation.

However, I want to mention a few things that should give insight to help you consider your position(s) when moving forward re: partnerships.

From our experiences in business, my personal opinion is that if you need, or have a partner, you should have the majority ownership - meaning the final "say" in all the important decisions!

The Bible does tell us that God made us "the head, not the tail" (Deut. 28:13).
♦ If you don't have full control or ownership of your product, business or idea, how are you supposed to direct it?

The Bible also says that we are to "be ye therefore wise as serpents and harmless as doves" (Matthew 10:16 KLV).
♦ Yes, we are called to love people on this earth but that does not mean we are to allow them to misuse or manipulate the plan God has given you.
♦ We cannot let what God has given be stolen.

You must be able to "call the shots" and GO where God is directing you!

One of the most common reasons that businesses take on partners or investors is due to finances.

You should make sure that you control the majority and are able to make the decisions for the business that YOU want to make. That God is speaking to you.

Most of us know the story of Jacob and Esau.

Esau was born first and therefore the birthright of his father, Isaac, belonged to him.
However, his brother outsmarted him, and through a legal technicality, Jacob took (some say stole) the birthright for himself!

Esau's immediate "need" and shortsightedness ended the glorious future that God had for him.

Don't let the need for finances (or whatever) steal your birthright.

Now, you may have a partner that you want to work with as 50/50, and if that is indeed the case, my advice to you is this:

♦ Decide how everything will be handled - upfront!
♦ E V E R Y T H I N G.
♦ No detail is too small. Trust me.

Who will do what: Who will make the decisions? Who will approve the budget/spending? Who will handle customers? Who will choose the new products? Who will own the Intellectual Property? Who will make the hiring choices? Etc...

As you can see, there are many decisions that will arise and with two people, this can become an issue. Therefore, the more you talk about the process, the better off you will be.

Remember, this is not YOUR company, your idea, your product, anyway...
It's God's!

And He has entrusted you with it, so take care, use wisdom and steward it to the best of your ability.

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