How To Avoid A Bad Partnership In Business

Edmund Lowman is CEO of Slumber Hostel Group, a youth travel accommodation and tour experience provider in Southeast Asia.

A few years ago, I entered into what would turn out to be the worst business deal of my life. But along the way, I learned many valuable lessons on how to avoid bad partnerships.

Below are my tips for navigating business partnerships, as well what to do if you see your deal is starting to go south:

Negotiate.

The old saying, “Hindsight is 20/20,” is absolutely true. Looking back on this, we made so many mistakes that it is no surprise to me the deal went south. A few lessons to keep in mind include:

• Don’t argue with your future partners. Remember, these people aren’t your enemies. They are people you are going to presumably be doing business with for a long time. If you’re arguing and

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Biden presidency bad for media business and America

Most voters have made some votes they regret — when they voted for a winner, and he or she did not live up to expectations. The situation is even worse when you convince someone to vote for a candidate who turns out to be a disaster. The person you convinced to make the bad decision probably, at least quietly, resents you for giving bad advice and has lost some respect for your judgment. 

Most of the mainstream media, by being so far in the tank for Joe Biden, have now put themselves in the position that if he is elected and fails, they are going to suffer even lower reputations. To the extent they try to defend a failing Biden presidency, fewer readers or listeners are going to pay any attention to them — lower ratings mean fewer advertising dollars, which will result in more job layoffs for journalists. 

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India’s new plan to tackle $140 billion in bad loans: QuickTake

This article was written by Suvashree Ghosh and Jeanette Rodrigues. It appeared first on the Bloomberg Terminal. 

India has rolled out a fresh plan to tackle an old problem: the mountain of bad loans held by its banks. With the pandemic forecast to push soured assets to a two-decade high, Prime Minister Narendra Modi is struggling to find cash to support the state-run lenders that hold most of it, and to spur credit to a shrinking economy. Most of the risky debt is concentrated in two sectors — telecoms and utilities — that are vulnerable to the economic slowdown, meaning if they face more trouble, then a massive amount of debt goes bad.

1. What’s the plan?

When the pandemic slammed India early this year, the central bank allowed lenders to freeze loan repayments through Aug. 31. Jefferies estimates that borrowers accounting for 31% of outstanding loans took up the

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‘Bad bank’ idea finds more takers amid pandemic blues



'Bad bank' idea finds more takers amid pandemic blues


© Ophelio Roel Almeida
‘Bad bank’ idea finds more takers amid pandemic blues

The idea of creating a ‘bad bank’, a single entity which will house all bad loans in the banking system, is back on the discussion table. Two former central bankers, Raghuram Rajan and Viral Acharya and former State Bank of India (SBI) Chairman, Rajnish Kumar, have strongly supported the idea.

Days after a jointly-authored paper by Rajan and Acharya pitched the bad bank idea, outgoing SBI Chairman too said this is the best time to create a bad bank.

“In my view, this is the best time to create a bad bank,” said Kumar in an exclusive interview to Moneycontrol on Wednesday.

A ‘bad bank’ is a bank set up to buy the bad loans and other illiquid holdings of another financial institution. Once toxic assets are transferred to this entity, attempts for an early resolution by

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Why a more conservative Supreme Court is bad for small business

  • On Oct. 7, the U.S. Supreme Court will hear arguments in a case involving Ford and whether victims of alleged car defects can sue the auto manufacturer in states outside its home state.
  • Concerns about an even more conservative Court if Amy Coney Barrett is confirmed do not often center on a conservative leaning towards big corporations. 
  • If Ford prevails, it may be the first of many big, future losses for small businesses, writes Sarah Crozier of small business advocate Main Street Alliance. 
  • Forty state attorneys general are arguing against the auto company’s position.



a large wooden bench in front of a building: An interior view of the Supreme Court shows the bench draped with black bunting in honor of the late Justice Ruth Bader Ginsburg in Washington, U.S., in this handout photo released to Reuters on September 20, 2020.


© Provided by CNBC
An interior view of the Supreme Court shows the bench draped with black bunting in honor of the late Justice Ruth Bader Ginsburg in Washington, U.S., in this handout photo released to Reuters on September 20, 2020.

Less than 45 days before the election, Justice Ruth Bader Ginsburg passed on, leaving her

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Distrusting Trump, States Plan to Vet COVID Vaccines Themselves. Bad Idea, Say Experts. | Best States

By JoNel Aleccia and Liz Szabo

As trust in the Food and Drug Administration wavers, several states have vowed to conduct independent reviews of any COVID-19 vaccine the federal agency authorizes.

But top health experts say such vetting may be misguided, even if it reflects a well-founded lack of confidence in the Trump administration — especially now that the FDA has held firm with rules that make a risky preelection vaccine release highly unlikely.

At least six states and the District of Columbia have indicated they intend to review the scientific data for any vaccine approved to fight COVID-19, with some citing concern over political interference by President Donald Trump and his appointees. Officials in New York and California said they are convening expert panels expressly for that purpose.

Photos: Daily Life, Disrupted

TOPSHOT - A passenger in an outfit (R) poses for a picture as a security guard wearing a facemask as a preventive measure against the Covid-19 coronavirus stands nearby on a last century-style boat, featuring a theatrical drama set between the 1920s and 1930s in Wuhan, in Chinas central Hubei province on September 27, 2020. (Photo by Hector RETAMAL / AFP) (Photo by HECTOR RETAMAL/AFP via Getty Images)

“Frankly, I’m not going to trust the federal government’s opinion and I wouldn’t recommend [vaccines] to New

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Why Turnkey Websites Are Bad for Your Business

Turnkey websites sound like a great idea when you’re venturing out on your own.

Of all the steps involved in starting a business and the start-up cash required, turnkey websites seem like a no-brainer.

The term turnkey in this context refers to a business you can start immediately, by just “turning the key” and beginning.

Turnkey websites follow a similar concept. They’re websites you can take over from the previous owner, with the expectation all the gears are set up for smooth functioning.

While that sounds great on paper, these websites are ripe for trouble.

  • Turnkey websites don’t scale with your business model. They’re pre-made and don’t account for the intricacies of your vision.
  • The efficacy of your website isn’t rooted so much in the platform it’s built upon (e.g. WordPress). It’s rooted in where and from whom you buy it.
  • Professionally designed websites are a better investment.

Turnkey Websites

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Why a more conservative Supreme Court may be bad for small business

An interior view of the Supreme Court shows the bench draped with black bunting in honor of the late Justice Ruth Bader Ginsburg in Washington, U.S., in this handout photo released to Reuters on September 20, 2020.

Collection of the Supreme Court | Reuters

Less than 45 days before the election, Justice Ruth Bader Ginsburg passed on, leaving her seat open to a contentious fight that could remake the Supreme Court for generations to come — as well as Main Street.

A case this week exemplifies the wonky, under-the-radar policy changes that could have major implications for small businesses, who are pinned against corporations that the conservative majority has all too frequently favored. Yet this case has an atypical showing of more than 40 state attorneys general lined up in support of small business, a unique yet critical alliance that is appropriately warning the court of the significant consequences an

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The End Of 2 Really Bad Economic Ideas

While it isn’t getting much press nowadays, there’s a bubbling development in the European Union that reflects a realization America made a long time ago – and that it had to face yet again in the COVID-19 crisis: an over-reliance on Chinese exports has made these advanced economies weak and susceptible to collapse.

It may seem ironic that the European Union, itself considered a symbol of progressive pro-globalist transnationalism, has suddenly sounded very protectionist in its stance to China. “China provides 98% of the EU’s supply of rare earth elements,” wrote the bureaucrats in a European Commission whitepaper. The paper then uses delightfully Orwellian doublespeak to recommend a response: “open strategic autonomy,” which it defines in a footnote as “shaping the new system of global economic governance and developing mutually beneficial bilateral relations, while protecting ourselves from unfair and abusive practice.”

Or, as Trump would say, getting a better deal

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