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Episode-60- Good Advice, Bad Advice and Parasitic Advice

Episode-60- Good Advice, Bad Advice and Parasitic Advice [ 14:59 ] Play Now | Play in Popup | Download

To me advice from others about business fits one of three categories…

  • Good Advice – comes from someone who really knows and loves your work or comes from someone who has been successful in the area he/she is giving you advice on.
  • Bad Advice – anything that isn’t covered by good advice
  • Parasitic Advice – advice that is designed to convey that the givers “idea” should be adopted and that you should “bring them in as a partner”.  See also bad advice

I also give my thoughts on “partners” and why I feel it is best to be a heavy majority partner or a true minority partner in any business vs. an “equal partner”.

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December 19th, 2011 | Tags: , , | Category: Podcast
  • http://stevesgreenhouses.com ghsebldr

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    Good episode Jack. Sage advice on partnerships. A wise businessman once told me a partnership is like a marriage, in a lot of cases it ends in divorce.

  • http://castraponere.com/homestead LvsChant

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    Thanks again for another great episode, Jack. Looking forward to seeing the new site design…

  • Britton Scritchfield

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    Also in addition with family or friends involved in any partnership or business, which I personally avoid, a written agreement of terms and expectations will save a lot of heartache.

    • http://www.jackspirko.com/members/JackSpirko/ JackSpirko

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      @Britton, I agree 1000% with both things you just said. Family and business generally are a bad idea, and always put things in writing.

  • http://www.countryconsultant.com/blogspot Dene

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    Boy, this one resonates in so many ways I can’t even tell you!

  • ShootingPedia

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    A qoute about ideas being worthless: “A field will never be plowed if you only turn it over in your mind.”
    Heard on the local NPR station