Growing a successful business is difficult enough without having to worry whether a dispute among the partners will cause the business to fail. Partnerships (i.e. multi-owner businesses) have led to some of the most successful business ventures the world has ever seen. A partnership can create substantial wealth for the partners. But a broken partnership […]
10 Discussion Topics for New Business Partnerships Read More »
In 1789, Benjamin Franklin famously wrote in a letter to his friend that “in this world nothing can be said to be certain, expect death and taxes.” This adage is profound, but I would politely disagree with Mr. Franklin. I believe there is a third certainty: You will leave your business one day. Now, you
Is Your Buy-Sell Agreement Fatally Flawed? Read More »
You may have heard a business owner or two tell you that partnerships don’t work. They typically follow this ”advice” with a cautionary anecdote about what a former partner did or did not do and how it ruined a relationship. Whatever the specifics, I’ve found that these stories often share two fundamental features that lead
The Two Partnership Killers And How To Avoid Them Read More »
