March 28, 2015
Here’s a helpful post by Chris Flett, author of What Men Don’t Tell Women About Business, outlining four important steps in developing a profitable venture. To summarize: Set expectations Develop a style of management that all can work with Make it easy for contributors, staff, and vendors to work in the model Find a way to marry different business models — there’s a place for everyone. As he says, “the most important thing is getting everyone on the same page, having clear and collective expectations, and doing your best realizing that your system of doing business might be very different than those of your partners.” So true. One of the ways to ensure that you have the same understanding is to prepare a JV agreement. For what Flett doesn’t specifically mention is . . . expectations about money — how much each JV partner will put in (if any) and what you’ll each take out. This is a sensitive area you don’t want to leave to chance. If you liked what you read, watch our video to…
Continue ReadingFrom Down Under, a piece from the Manly Daily (a reference to the location of the publication, not its masculinity) on business partnerships. Even across the globe, the same basic principles — and secrets to success…
Read MoreDrum 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…
Read MoreA recent Wall Street Journal article reported on seismic changes befalling large law firms. Seems that under the new regime, “data and money rule.” Gone is the tightknit camaraderie. The three-martini lunches. Where “I’ll get…
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