business partnerships

“If it ain’t broke, don’t fix it,” is the attitude many entrepreneurs bring to their business partnerships.  If you’re turning a profit, who cares if it’s done by treating your partner badly, or by your sacrificing weekend after weekend to churn out the work? You should. As Alexander Stein points out in his Fortune Small […]

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From the Benefits-Outweigh-Burdens Department:  Rob Smorfitt, a serial entrepreneur, small business blogger, and Ph.D. candidate in South Africa, has looked into (and lived through) many business partnerships.  His research indicates that partnerships are a key factor in both entrepreneurial success and (perhaps even) personal stress reduction.  Read his post to find out more!

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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 […]

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Sometimes, a break from routine is a good thing. Had Ari Weinzweig not allowed his business partner, Paul Saginaw, to drag him away from his normal business routine, the Zingerman’s Deli of Ann Arbor might not have reached its $20 million target ahead of schedule.  Saginaw impressed upon Weinzweig the need to step out of […]

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People often view a marital prenup like having a bucket of ice-cold water dumped on your head. Small business owners are no different. When they look to form business partnerships, the thought of negotiating a business partnership agreement can be too chilling to contemplate. Problem is, when you start working together without working out the […]

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Reproduced from my weekly ezine, LexAppeal: As I mentioned last week, business partnerships are delicate creatures.Like Japanese maple trees, you need to plant them in the right soil, protect them from harmful pests, and tend them carefully.Any one of these factors could cause the tree to wither and die. As the proverbial gardener of your […]

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Today’s lesson: you can’t just “walk away” from a business partnership. Another submission from the Department of Horror Stories. “Marcia” started a corporation about 15 years ago. She and her former partner, “Dara,”personally guaranteed a line of credit for the company.About 10 years ago, and after a protracted lawsuit, Marcia left the corporation with an […]

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I recently had the pleasure of speaking to (and then finally meeting in person at the BlogHer for Business conference) Sharon Horowitz, PhD, principal of the consulting firm, CenterNorth.  In addition to possessing a keen intellect and a background in psychology (not to mention a charming South African accent), Sharon has put together a brilliant white […]

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I heard a sad story this week — a Tale of Two Business Partners.  One made clothing designs; the other supplied the money.  One was optimistic about the new awards she had won and where the business was going; the other wasn’t.  One wanted to continue to move forward; the other wanted to wait and […]

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Q.:  What are my rights as the minority shareholder who is being laid off by majority shareholder?  I’m a guarantor on the company credit line? We are the only guarantors on the credit line. There are two other minority shareholders, one was laid off nine months ago but kept his shares, and the other is […]

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