Business Partners

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It ain’€™t easy. And as the experts in my New York Enterprise Report article, How to Choose a Business Partner€? reveal, you may not want to go it alone. The same way you invite your gal-pals to have brunch with you and your sweetie (because, of course, you want to get their feedback to make sure […]

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My uncle has a favorite story from his childhood — those halcyon days before the advent of Nintendo, Game Boy, and Play Station.  In the woods behind his house, he found a large stick.  Some days, the stick was a sword.  Other days, it was a gun.  At rare moments, it served as a periscope.  […]

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Have you ever known a family that doesn’t have a fight . . . about something?  It could be about “who’s hosting Thanksgiving,” “who slighted whom,” or “how to run our business.”  In his article, Resolving Disputes in Family Businesses, David Gage points out that: A family business is really three distinct but intricately related systems: Family, […]

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Ever been hit up to invest in a friend’s or family member’s business? Is it wise to do so—given that you know them so well? What steps should you take when asked to invest (or lend money for) a loved one’s business? Tune in to Wall Street Journal Radio, where I sit down with Veronica […]

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OK, I’m not going to gripe and ask why I’m not on Trump University’s faculty when I see someone else blogging about business partnerships.    Clearly, Randal Pinkett, PhD, is tighter with “The Donald” than I am (which is to say, I have no connection to Donald Trump unless I wanted to play 6 Degrees […]

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Thoriso Mashego writes: Every internet marketer who is married has come across this problem:  How to convince their wife or husband that they are not wasting money, but investing it for the family by building a home-based business or internet business. And that got me thinking.  Whatever your business, the support of spouse, life partner, significant […]

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From my partnership teleseminar partner, Marian Banker, here is a handy article entitled “7 Tips for a Business Partnership That Works.”  It outlines 7 important steps to establish so that the partnership starts strong and stays strong. What’s the 8th tip?  Coming from a lawyer (me!):  “Get it in writing!”   🙂 For more helpful tips and tools, […]

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It gives me the heebie-jeebies when I hear, “I went into business with So-and-Such because he/she is my best friend and really gets me.”  Not that it can’t work out, or that I’m trying to give them the evil eye.  But I’ve seen all too often how the desire for camaraderie and support quickly turns […]

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I came across a sad, but perhaps not surprising, post about how female lawyers are “dropping off the path to partnership.”  In my own experience (before starting my own partnership), I saw very few (if any) women either become partners by dint of their hard work, or stay around long enough to be considered at that […]

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From the happy side of being in business with a family member comes this story from Mt. Lebanon, PA about mother-daughter duos who are in business together . . . successfully!  The mothers and daughters seem to have found in each other complementary skill sets, and for them, the business relationship has brought their personal […]

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