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Re: Business Partnership Advice
Quote:
Thank you for sharing some information about your situation. I bet this is a not-too-uncommon problem! That is, it may go with the saying, "too many cooks spoil the broth!" It sounds to me like you have more than one problem. The first problem is the slow progress, and the second problem is the budget. Regarding your working capital first, if you decide you want to go ahead and that you need more capital, there are multiple avenues to explore...
There are so many variables that we (who are reading your post) don't know about, that it is hard to say what is best to do. I think the first thing I would look at is analyze how risky is this venture? Is there a high likelihood it will fail, or a high likelihood it will succeed, or somewhere in the middle? You don't want to throw more money into a black hole that will just swallow it up. However, whether that is the case or not is impossible to tell from the information so far... I'm not sure if I helped or not. Be sure to clarify what your goals are, then look at all your options to see which one will be more likely to help you achieve your goals. It may turn out that you feel the best option to achieve your goals is to put in more money, or it may be that you feel the best option to achieve your goals is to "give up". It is impossible to say without more information. Best wishes, Dien |
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