business partnerships

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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We’re thrilled to be joining the blogosphere with this launch of Business Partnership Central. As the name implies, we will strive to make Business Partnership Central a central repository for hot tips, latest news, valuable insights, and winning strategies on partnering relationships.

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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 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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I’m about to give my teleseminar, “Help! My Partner’s Driving Me Crazy!: Building and Maintaining Effective Business Partnerships” . . . and came across “My Partner’s Not Doing Enough Work!” — which is certainly a factor that could drive you crazy!  Written by a self-confessed INTJ (haul out your Myers-Briggs personality grid to refresh your […]

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Deciding on a business partner can provide the key to a rewarding and successful long-term relationship.  Rhonda Abrams’ USA Today article outlines a number of considerations to keep in mind.  I know a number of entrepreneurs who raced into partnerships because they weren’t comfortable being alone — and, like romantic relationships, that’s usually not a […]

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Post image for Basic Training: P is for You Can Pick Your Partners, You Can Pick Your Nose . . .

. . . but you can’t pick your partner’s nose. (Or can you?) I received an inquiry from someone who, I’m sorry to say, is going at this bass-ackwards. She’s chosen a business partner, but not the kind of business she wants to set up. She wants to control all the decisions, but seems more concerned […]

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Yes, lack of cash flow can kill any business, but it seems to hurt more in business partnerships. First, there’s the denial phase (“sure, we can continue to meet expenses and take our monthly draws”).  Then, there’s the belt-tightening phase (“we’ll hunker down, but this, too, shall pass”).  And then, like a slowly seeping poison, […]

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Post image for Jerked Around by a Business Partner

From the “No good deed goes unpunished” department: Q: I deposited more than $20,000 into my business partner’s account under the impression that he would add my name to the new company and to the house I had paid off for him and that he would put my name on the new car title,  too. […]

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I started a discussion thread in our Successful Business Partnerships group on LinkedIn concerning the importance of shared values between business partners.  How can you tell if you’re really on the same page? Aside from certain basic questions (which I know — see the kind reference to my book, The Key Questions in the thread), I was […]

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