Mr. Princeton taught me an important lesson about company share structure. Merely knowing the share structure of the company, you can detect the intentions of the person involved. He had asked about the share structure during the meeting with Ray. Mr. Princeton later told me that if the person asked for 51%, they are looking to drive and lead the project. Those holding 49% or less tend to lose responsibility/accountability because now the leader is taking up the entire charge. I decided to put this to the test, and it has proven true in many of my start-ups. It does make a huge difference having the 51% breakdown. Accountability and drive and leadership are what make projects happen, and 51% implies ownership. You truly own a project when you are at 51%. With 50/50, no one really owns the project. It's no one person's responsibility whether the project is a success or a failure. At 51%, if the project fails, it is the fault of the person who owns the project.
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Swimming with Asian Sharks - Business Secrets from the Pacific Rim
Non-FictionEver wonder what it takes to do business in Asia? How do Asian business executives behave and think? Do you want to create a business from scratch in under 24 hours? If so, this is your guide. This book is a compilation of over one hundred business...
