Evaluating a Business Partnership Opportunity

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq., owner of Ask The Business Lawyer, is an award-winning business attorney, speaker, and Entrepreneur Magazine online contributor. She saves consulting and professional services companies time, money, and aggravation by serving as their outsourced legal counsel.

Posted on August 4, 2008 in Business Partners, Business Transactions

Many thanks to Matt Bacak for pointing out two important aspects of evaluating a business partnership opportunity — things that many entrepreneurs overlook:

First,

If you are looking to establish a business partnership or seeking out a business opportunity, we all know how important it is to look at how much money you are going to make.

But second — and in keeping with the overall question “What kind of lifestyle do I want to lead?” — is whether you even have the energy to focus on this?  As he says, “Whether you’ll be selling affiliate products, doing joint venture deals or whether you want to start your own website with the plans of building an empire . . . you need to really think about how much time and energy you want to commit to this project.”

Related posts:

  1. 8 Tips for a Business Partnership That Works
  2. Evaluating a Franchise’s Fine Print
  3. Reflections on What Ruins a Business Partnership
  4. Vital Exit Strategies for Your Partnership Agreements

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