Furthermore, honestly ask yourself, "If I had the money I'm looking for, would I invest in myself?"
 
I think it's not a good idea to have someone who is simply bringing money as part of the Directors of the company. Instead agree on a ROI plan for the money they are putting in. Guys who are bringing in skill and experience are better as co-directors, as they understand the decisions that need to be made in order to grow the company.
 O_O


--- On Sun, 8/23/09, Joram Mwinamo <joram.mwinamo@gmail.com> wrote:

From: Joram Mwinamo <joram.mwinamo@gmail.com>
Subject: Re: [Skunkworks] do you lay bare your business plans?
To: "Skunkworks forum" <skunkworks@lists.my.co.ke>
Date: Sunday, August 23, 2009, 4:17 PM

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
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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.

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