Day: January 9, 2007

Having commented on the ideal number of partners to start a business, taking one of my previous ideas further, ebdex Consulting would need three to four people to start with. Today, I believe I found the second partner (of course, the first partner being me!). I also found another Associate, who could easily be the third partner. Need to chat with him to ascertain this. But how do they measure against the skill sets I mentioned? And what skills am I bringing and what would be my role? All this needs further discussion and elaboration. If we go ahead with…

Have you started a business before or are you thinking of starting a business? Have you wondered what the ideal number of partners/directors you should have when starting a business? My take is that no business should be started without less than 3 partners. Beyond 4 partners it becomes difficult to manage, initially. Obviously, the skills that each partner brings is vitally important and should be complementary. But why three? In my opinion, you need at least two people to run a business. So if one partner falls seriously ill or decide to leave, you still have two to manage…