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You wouldn’t buy a car without kicking the tires, right? Similarly, do a little due diligence — on yourself as well as your prospective partner — before you tie the knot. Here’s a link to my article, “When It Comes to Choosing Business Partners, Look Before You Leap,” which is one of the Ladies Who […]
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No, I’m not cheating on my husband (a violation of a very different kind of partnership agreement) — “Shacking Up Wisely” is the title of a recent post on business partnerships spotlighted by the Huffington Post. Ladies Who Launch (a terrific networking organization for women who embrace “entrepreneurship and creativity as a lifestyle”) — of […]
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“Colin” desperately wanted to expand his computer consulting business. But rushing headlong into a deal with Themis Consulting nearly wiped him out. Themis, a larger company, performed similar services to Colin. Colin had clients and prospects in Boston that Themis coveted. So the two agreed to “merge”: Colin moved to Boston (on his own dime) […]
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From across the globe in Business Daily Africa, comes this plea for awareness of how a joint venture can prevent the African continent from missing yet another technological wave. What was poignant about this post was that this wasn’t about missing a business opportunity to reap big profits. It wasn’t just about reaching into a […]
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Years ago, my business partner and I started our firm together with the happiest and best of intentions: visions of profits, freedom from the tyranny of others’ corporate cultures, and fun in an often dour profession (law). We signed a partnership agreement. For a while, it worked. At least the freedom and fun part, which […]
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Transitioning a business is never easy under the best of circumstances; having a family succession plan is even thornier.After all, you are entrusting your life’s work to people who, years ago, may have (1) stolen your boyfriend (or favorite party dress or Johnny Mathis album), (2) crashed the station wagon while carousing after a high […]
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I received an e-mail out of the blue recently about how to protect an idea. Not a plan, not a project, not something tangible . . . but a thought about a new approach to pet care. That’s about as much information as I have. Understandably, the entrepreneur was reluctant to disclose the idea because […]
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In a rare moment of bipartisan and bicameral cooperation, both the U.S. House of Representatives and the U.S. Senate introduced legislation geared to help protect the nation’s 27 million small businesses from computer hackers and information security breaches. Entitled the “Small Business Information Security Act of 2008,” the bills (H.R. 6206 and S. 3102, respectively) […]
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As you probably know, one of the great advantages for businesses in outsourcing to independent contractors is that they don’t have to pay the whole array of taxes that they do for employees. The IRS has stated . . . Companies must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment […]
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Arm yourself with the facts, and get those fixed costs under control. For many small businesses, rent is the single largest expense (outside of payroll) they face on a regular basis. So, when times are tight, it’s no surprise that business owners consider rent reduction as a way to reduce their operating costs. Like other […]
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Taking on a business partner is not a decision to be made lightly. It’s much like getting married. With the tools provided to you in The Entrepreneur’s Prenup you will always have the partnership guidance you need, regardless of where you are in your partnership process.
Nina in the Media