December 4, 2014
In this challenging economy, I’m seeing a lot of entrepreneurs begin to re-evaluate their business . . . and, in particular, their business teams. When business is going well, it’s easy to overlook the flaws and peccadilloes. Partly because we want to ride the prosperity wave. But when the wave crashes, and you’re dumped onto the beach with the seaweed, the broken shells and the flannisters (you know, those plastic yokes that hold six-packs together), are you really shoulder-to-shoulder with a business partner you respect? A Cautionary Tale (names changed to protect the ill-advised): Dylan started a partnership five years ago after being approached by Pete, someone he “sort of knew” from his industry. They verbally agreed to be 50/50 partners. Pete formed the company (in his name only), but p-r-o-m-i-s-e-d that Dylan would be put on the ownership papers as soon as they got investors. Dylan did most of the work; Pete put in most of the capital. But each time that Dylan asked about being included in ownership papers, Pete became indignant .…
Continue ReadingWell if this just isn’t the week for Beatles songs! Justin Knowacki has a post on getting by (or not) by doing business with friends, which brings up an excellent subject: should your friends (or…
Read MoreIn a question that seems more appropriate for The Ethicist (the New York Times Sunday Magazine’s Q&A column on ethical issues), David Eddie from the Globe and Mail presents the following scenario: [After 15 years…
Read MoreSylvester Stallone’s latest opus, The Expendables, was released in movie theaters this past weekend, and I have to confess that I’ve been dying to see it. Bash-em-up-smash-em-up films are a kind of guilty pleasure for…
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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.
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