November 13, 2020
Summer getaway vacations are a lot like business partnerships. You need an outlook of adventure, a mindset for cooperation, and an attitude of mutual respect. You also need to be mindful of your budget. It’s a journey that you’re sharing together. Like vacations, business partnerships can spoil for many reasons. But the grounds often circle around one important (and overlooked) principle: that a business partnership is about two things — partnership and business. Women entrepreneurs tend to look to partnerships for the relationship benefits, not the monetary benefits. As a result, they don’t focus sufficiently on the business (money) considerations. In the spirit of reflection, here are some hard lessons learned (names changed or omitted to protect the embarrassed) about money and partnerships: 1. If you’re not earning enough, get out. If your start-up phase exceeds the gestational period for an African elephant, you may have to face that what you’re doing, how you’re doing it, or those with whom you’re doing it isn’t working. You must meet your personal expenses. Just as you…
Continue ReadingQ.: We are setting up key man insurance policies, and one of the spouses asked whether the business could pay for the family’s term life insurance policy as a benefit from the business. Can a…
Read MoreEver feel like your big box competition is an immoveable mountain? Well, it doesn’t need to be that way. One way that small business can compete with larger rivals is by forming strategic alliances. Strategic…
Read MoreListen to the Episode Below: If you’ve ever seen a Star Wars film (pick one, any one), you can’t miss the theme. The same skills and talents can be used for good or for evil.…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.
And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.
I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.
