No conflict of interest?
If they try to tell you there is no conflict of interest for them, then reply, “Either you know you’re lying, or you do not. Either way, I’m disappointed. And the answer is still no thanks.”
They see no conflict of interest because their only interest is maximizing their own return from the deal. Sorry, but there is no other way to explain it.
They may try to sell the concept of mutual interests and you may get all parties including the advisors, to agree on a deal, but compromises will be made and you may simply have everyone being equally happy/unhappy.
Aligning mutual interests, or the naively optimistic cliché of “win/win”, may sound easy and look obvious. It’s not.
Be better. Do better.
Your Uncle Ralph, Del Chatterson
Join our mailing list at LearningEntrepreneurship.com for ideas, information and inspiration for entrepreneurs.
Read more articles at:Learning Entrepreneurship Blogs.
Click Here to check out Uncle Ralph’s books, “Don’t Do It the Hard Way” and “The Complete Do-It-Yourself Guide to Business Plans” Both are available online or at your favourite bookstore in hard cover, paperback or e-book.