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.
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
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