Entrepreneur Plus - Short White
For Subscribers

Pair Of AcesMay-December partnerships are a good bet for new businesses.

ByLaura Tiffany

Opinions expressed by Entrepreneur contributors are their own.

Start-up companies are tough to run at best," says EricAlmgren, co-founder and president of Mixman Technologies Inc., aSan Francisco designer and manufacturer of music software."And it's even tougher if you're going into a businessyou know nothing about." Many young entrepreneurs solve thisproblem by teaming up with an older partner, someone who cancomplement a fresh idea with business acumen.

Such was the case for Almgren, 32, and his partner, JoshGabriel, 30. When they started Mixman in 1993, they had the visionbut not the expertise required to break into a new industry. EnterRoger Summit, founder and recent retiree of Dialog Corp., adatabase information service company in Palo Alto, California, whocame on board as a partner with the experience of growing asuccessful business from the ground up. "Roger was there anytime we needed to have a meeting with an investor, to strategize orto write a business proposal," says Almgren.

Continue reading this article — and all of our other premium content with Entrepreneur+

Join the internet’s leading entrepreneur community! With your subscription you’ll get:

  • Access to all of our premium content and an ad-free experience
  • Entrepr免费订阅eneur Magazine
  • Four free e-books a year and 20% off everything from our bookstore
  • Exclusive events with business celebrities and successful entrepreneurs

Editor's Pick

We're Now Finding Out TheDamaging Results of The Mandated Return to Office— And It's Worse Than We Thought.
他在酒吧里长大,被年龄10 -喝But Entrepreneurs Changed His Life. Now a Business Owner Himself,He's Paying It Forward.
LinkedIn Changed Its Algorithms — Here's How YourPosts Will Get More Attention Now
Lock
Kevin O'Leary Recommends This6-Step Strategyfor Making Money on Social Media
Lock
She Quit Her 'Toxic' Job to Pursue aFreelancing Side Hustle.Now She Leads Her Team With Compassion, Makes 6 Figures and Even Bought a House.
Lock
ThisMindset Shift Changed My Life— And Gave Me the Courage to Leave My Well-Paid Full-Time Job.

Related Topics

Business News

'Pre-Boarding Scam': Customers Furious at Southwest Airlines After 20 Passengers Ask For Wheelchair Assistance to Board

A viral tweet is slamming the airline's wheelchair policy for boarding and disembarking.

Growing a Business

We're Now Finding Out The Damaging Results of The Mandated Return to Office — And It's Worse Than We Thought.

Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.

Business News

Costco Cracks Down on Membership Sharing: 'We Don't Feel It's Right'

The wholesaler is now asking for a photo ID with the membership card at checkout.

Social Media

LinkedIn Changed Its Algorithms — Here's How Your Posts Will Get More Attention Now

To maximize your reach, it's time to share "knowledge and advice."

领导

I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think

With all the hype around AI, I decided to conduct an experiment of my own with ChatGPT. Here's what I learned.

Growing a Business

I Was Broke, Unemployed and In Serious Debt During the Pandemic. Here are 6 Steps I Took to Make 6-Figures

Like many other small businesses, the pandemic lockdown caused me to close the doors of my successful business. Within one year, I went from unemployment and debt to earning multiple six figures. These steps I discovered transformed everything and how you can apply them to yourself.