choosing business partners

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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Sometimes, it takes a couple of bricks to the head to learn a lesson (ergo, the month-long blogging silence).  Here I am, Madam Genius, Esq., blogging about business partnerships, and I violated all my own good advice about choosing one wisely. A while back, a colleague approached me about getting involved with a network marketing […]

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A lesson from Corporate America give us a slightly different take on popularity contests and alliance partners. In writing about the legal brouhaha that frothed over Google’s purchase of YouTube, Yahoo! vet Tim Sanders points out an often-overlooked facet of choosing a business or strategic alliance partner:  what’s the downside?  Not just the downside internally, […]

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I was just contacted by a company to explore “partnering” with them.  I don’t know the company very well — they know someone I know, so it’s a 2-degrees-of-separation network.  And while they come recommended, my time is precious.  I need to be v-e-r-y careful about getting into just any ol’ partnering relationship — whether […]

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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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From serial entrepreneur and Babble Softfounder/CEO Aruni Gunasegaram is this intriguing post about vetting a business partner online. While I’m more of a hands-on kinda gal and would want to meet a potential partner in person, Gunasegaram got around that by using Skype video conferencing. Here are her top 5 other tips for vetting a […]

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Sometimes, despite all the highfalutin’ talk, it’s time to get back to basics.  That’s what I thought when I read JV Blogger’s post on Tuesday. Yes, when it comes to choosing a business partner, you want someone with complimentary skills sets.  Money.  An understanding of your industry.  Connections.  Networks. But — and this is what the […]

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