choosing business partners

From Daneen Skube, Ph.D., in the Seattle Times came this question-and-answer about business partnership: <<Q. I’m thinking of going into business partnership with my friend. Is there any question I should consider to help me make a decision? A: Yes — would you marry your friend? Marriages are not the only unions that have a bad […]

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From north of the border, here’s a piece from Canada’s Globe and Mail, the features that perspicacious legal mind and great blogging whiz . . . ME!    The author, Sarah Hampson, writes about how business partner relationships can be like romantic partner relationships . . . and, in light of the Conrad Black trial, […]

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From Ben Canosha’s blog, a good suggestion before starting a business with others: Before going into a partnership with someone, spend time with them in three different kinds of situations: a relaxing one, a competitive one, and an intellectually stimulating one. – Joan Kelly And as a model of collaboration, his new project, Business Rules of […]

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Such a saga!  Here’s how it ended: Grace finally confided that had changed her mind and she didn’t want to be involved with the network marketing organization.  But, if I still wanted to go forward with it, she’d do so, because she promised me that she would. I told Grace that if she really wasn’t […]

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Often, when a situation is just too fraught with complications and struggle from the outset, it’s just not meant to be.  But did I listen?  No.  Not at first, anyway. For the icing on the cake: I didn’t do enough due diligence to make sure I had chosen the right partner.  Here’s the kicker:  I […]

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Oh yes, there’s more.  So it’s not enough that I didn’t know the business, that I was fronting the money, and that we couldn’t agree on basic decisions.  Amazing how blind we can become whether the prospect of “easy profits” lays tantalizingly before us. Here was the final straw: The needs of one partner were […]

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What kind of a schmuck agrees to  front the money and only take 50% (me, obviously). And another lesson from the “why didn’t I see this coming?” department: We couldn’t agree on a business name.  Sounds crazy, right?  We kept going back and forth with different names for the business — Grace wanted one that […]

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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 […]

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As I mentioned in Part 1 of “Choosing the Right Network Marketing Partner,” my first mistake was entering into a business that I knew nothing about (and neither did my partner).  Here’s another lesson I learned from my network marketing foible: We were in it only for the money.  I was looking for a quick fix — […]

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I’ve had a lot of experience with business partners.  Some I’ve chosen more consciously than others.  Like dating in college, some business partners you end up with because you weren’t thinking clearly (how much did I have to drink?); other business partners are divinely inspired choices. Listen in to my interview with Sam Liebowitz, “The […]

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