First get your business valued,including uncollected salaries, investment(cash and In Kind) and goodwill Then when someone comes to talk ,do it with the business real value in mind. Then sign the NDA .You might be surprised your business is much more valuable than the prospective business partner wants to buy in for. Most entrepreneurs fail in the valuation part and end up selling too cheap or discussing from a point of weakness rather than strength. On Sun, Aug 23, 2009 at 1:56 PM, Gakuru Alex <alexgakuru.lists@gmail.com>wrote:
If you are enticed by or often come across many 'prospective business partners' asking for your detailed business plans, ask them to first sign a Non-Disclosure Agreement - something like http://www.elance.com/p/help/supplemental/contract-nda.doc. If they refuse to then they were not good-intentioned in the first place... wakora ni wengi na wa aina tofauti...
regards,
Alex _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks Other services @ http://my.co.ke Other lists ------------- Announce: http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks-announce Science: http://lists.my.co.ke/cgi-bin/mailman/listinfo/science kazi: http://lists.my.co.ke/cgi-bin/mailman/admin/kazi/general
-- Sent from my Voice Recognition Watch© -------------------------------------------------------------------- God is not an excuse for lack of discipline -------------------------------------------------------------------- Our greatest fear is not that we are inadequate,but that we are powerful beyond measure.It is our light, not our darkness, that frightens us.There is nothing enlightened about shrinking so that other people won't feel insecure around you.As we let our own light shine, we consciously give other people permission to do the same. As we are liberated from our fear,our presence automatically liberates others.