How I did it: I was doing this biz plan for over 1year and negotiating with investors and possible partners.. and becos of the Lehman brothers incident we have decided to call off the project as the timing is inapropriate and it would be challenging to jump start a new financial advisory biz at this point.
However, my partner has decided to reopen the project this Jan and open up new channels of discussion with a different group of people.. Alas! our efforts are futile as we do not have enough support from the people and the market forces is not helping much.
Hence, we decided to go our separate ways and leave the project.

Lessons & tips: It is important to be with like minded people to start a biz together becos there will be amore dynamics in the future.. unity is such cases is definitely strength as we all need support and encouragement from one another to keep us going..
People with the same goals and directions tend to cooperatre better together to achieve similar objectives in life.

It is also important to assess the suitability and ratio of success while doing a biz as it consumes huge amount of time and energy.. sometimes, you have to cut loss and go if the timing is not right or the people you are working with are not suitable for you.
I hope this helps people who are in the midst of starting their own business.

Resources:

Mar 25, 2009, 06:09PM PDT | 0 comments