Choosing the Right Network Marketing Business Partner-Part 3

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 July 5, 2017 in Business Partners, Strategic Alliances

I learned the hard way (see Part 2) that looking for easy money rarely brings it.  Yet another class in the School of of Hard Knocks:

  • I was fronting all the money.  Yes, Grace and I agreed to split everything 50/50, but because of her particular work situation, she could not “officially” be listed as an owner of the business.  So that mean that all of the payments for the product had to go through me.  This should have been — and ultimately was — a big red flag for me, as I have been in situations before where my financial “generosity” has been my undoing.  Also awkward is that when I made the initial down payment, Grace promised that she would write me a check for half immediately.  One month later, and although the company was slow in processing my credit card payment, Grace still had not sent her check to me.  This was definitely strained for a few weeks, as I’m wondering was Grace going to be good to her word? Is this a sign that I’ll have to pester her for payment on a regular basis?  For her part, Grace was probably wondering why is Nina being so uptight?  After all, it’s not like she has to pay for the product yet.

And if this weren’t enough, there’s more!

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