Disputes

Let’s leave aside the fact that the title of the article alone made me laugh.  Have a look at Marian Banker‘s wonderful article, “Help! I Want to Dump My Partner!”  Marian, a business leadership coach and founder of Prime Strategies, clearly summarizes the awkwardness and agony of what it’s like to be a partnership or long-standing […]

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You’ve probably heard all the usual reasons why a partnership agreement should be in writing:  memories are fallible; it helps you plan your business better; you can set out your exit strategies.  In short, you choose what you want to have happen, rather than leaving it up to the default provision that state law provides. […]

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Mid-crisis is probably not the best time to wonder whether your business partner is the best for the job.  I came across a story of two entrepreneurs who were trying to start a music festival in San Antonio, Texas.  Three weeks before the festival (a crazy, heady time in the most ideal of event planning […]

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The ways to part company, the what ifs, and the hows relating to “exit strategies” for business partnerships, strategic alliances, and other collaborative relationships can seem like the proverbial cold shower, dampening all ardor for a deal.  But maybe there’s another way to look at it — like the rules of a game that ensure […]

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Yes, it’s the title of a Beatles song. But “hello goodbye” also reflects those the awkward feelings raised by having to confront the “what happens if this doesn’t work out?” question that lurks behind all partnerships, strategic alliances and other business relationships. “Why do I have to focus on things going wrong?” entrepreneurs ask me. […]

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You provide your services 7 weeks late without explanation You don’t have the expertise to do what the client wants You share the client’s confidential information on Twitter You overcharge the client for “miscellaneous expenses” You filch someone else’s digital photos and upload them to your client’s website You don’t listen to what your client […]

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From the Department of Business Partnership Nightmares comes this plea for help from LordMJ: Here’s the skinny: Partner 1 and Partner 2 met in corporate America and started a venture together when both had full-time jobs Partner 1 left the corporate job and entered grad school, ostensibly to help the business (and supposedly by mutual […]

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Post image for The Intelligent Way to Handle Frivolous Lawsuits

It’s an unfortunate aspect of American life that you can’t stop someone from bringing a frivolous lawsuit. Even some politicians have recognized the ways in which frivolous lawsuits can hamper America’s small businesses, and proposed legislation just last year — most notably, the “Frivolous Lawsuit Prevention Act of 2009” (S. 603), which apparently died in […]

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Post image for Five Rules for Collecting Late Payments

Let’s face it: Once you’re headed to the courthouse to collect a bad debt, you’ve lost. Lost, because you rarely, if ever, get 100 cents on the dollar. Lost, because you lost time and energy dealing with the situation. Lost, because you had a client who likely will never return. As Monica Mehta writes in […]

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When the relationship’s not working, it’s time to cut the ties. It’s 11 o’clock on a Friday night, and you’re furious. Once again, a major client has called at the last minute and needs you to finesse a campaign. A campaign that absolutely, positively has to launch on Monday. Come Monday, the campaign is done and […]

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