Business Partners

Post image for The Entrepreneur’s Prenup (Sneak Peek!)

If your expansion plans include bringing on a new business partner, make sure you get your copy of The Entrepreneur’s Prenup: How to Choose a Business Partner Who Won’t [bleep] You! There’s more that goes into the partner-screening process than you think, and you certainly don’t want to look in the mirror this time next year, […]

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Post image for How Business Partnerships Can Be Counterintuitive

Life is supposed to be about the journey, not the destination (or so I’m told). Yet, when it comes to starting a business–or a business relationship like with business partners–what’s the best advice I can give? Begin with the end in mind.  It sounds counterintuitive, doesn’t it? To think about what could be the end, the […]

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Like many things, the short and obvious answer to the question, “can ailing business partnerships be fixed?” is . . . it depends.  It depends on why the partnership is reaching a rough patch, whether this is something that happens with regularity, and the extent to which the partners are willing or able to make […]

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Post image for Basic Training: Capital vs. Sweat Equity: What’s a Fair Buyout?

Q: I’m in a situation where one owner is an active “sweat equity” owner; the other is inactive but provides financial capital. I’m the sweat-equity owner who has put in the hours and grown the business, while the other has been gone for months at a time. I am now in the process of trying […]

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Post image for Basic Training: Where, O Where, Have My Partnership Tax Returns Gone?

When leaving a business partnership, entrepreneurs often overlook the fact that untangling the details of the business can go on for months after the date of departure. Here’s one of the problems that can arise if you haven’t worked the appropriate safeguards into the exiting process: Q: We separated from our former business partner in the 3rd […]

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Post image for Shareholder Agreement ‘Gotchas’

My colleague Rush Nigut recently posted a piece in his blog about a little-known provision of Iowa law that could invalidate shareholder agreements after 10 years. Think about it: You’re humming merrily along with your business partner, thinking you’re covered (because of COURSE, you hired an attorney and worked out an agreement), and your partner […]

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“The Restaurant” was the classic partnership pairing:  Rocco DiSpirito, chef extraordinaire (or at least ego extraordinaire — which makes for good TV), and Jeffrey Chodorow (the money guy).  And the feuding they displayed, according to Laura Petrecca’s article in American Chronicle, is what commonly goes on behind closed doors in many partnerships. So what’s the […]

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Post image for Today’s the Day for the Inside Scoop on Partnerships!

Turn off the TV.  Leave the e-mail alone for an hour.  The kids will fend for themselves.  It’s time for your Hour of Power–and learning how to create a business partnership that works. Just one hour–8 to 9 p.m. ET–can take you from tailspin to steady . . .  so make sure to sign up for […]

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Post image for Are You Prepared for Business Partnership?

It’s not as simple as it seems.  Business partnerships involve more than just finding a compatible playmate.  Learn how to avoid the pitfalls with my FREE teleseminar on Tuesday, Oct 6 at 8pm ET!  For information and registration, visit The Entrepreneur’s Prenup teleclass website!

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Post image for Avoiding a Bomb of a Business Partner

Drum roll, please . . .  I’m at T minus 16 for the launch of my latest product, The Entrepreneur’s Prenup: How to Choose a Business Partner Who Won’t [bleep] You.  It’s a home-study course that will take you through the top issues to consider when choosing a business partner and how you can screen […]

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