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Through my various entrepreneurial stints, I have learnt the hard way that when in business, don’t be too generous or you’ll be taken advantage of. In a business partnership where partners are equal, the amount of effort and resources each partner puts in must be more or less balanced.
Never never think in the way that, it’s okay for me to do more and earn the same or less and the other partner does less work and gets the same or even more profit in return. That is going to bite you in the long run. Humans are self serving in general and being the nice guy all the time is quite stupid. Once the people who do business with you learns about your kind nature, they will more likely than not take advantage of you and you will find yourself greatly disadvantaged over time.
Getting taken advantage of once in a while is fine, but don’t let it become chronic. You stand to lose out big time while your business partners laugh all the way to the bank.
Always safeguard your own interests and make sure that your partners are doing what they are supposed to for the share of profit they are entitled to. You don’t owe them anything.
… Don’t be afraid of the unknown. Most times things don’t go according to plan anyway. Tenacity and hard work will pay off one way or another.