Yes, Business Partnerships ARE Like Marriages
By Nina Kaufman, Esq.With Valentine’s Day just around the corner, it’s no surprise that thoughts turned toward relationships. And frankly, with romantic partnerships, whether we like it or not.
We’ve all heard the stories (and seen the Jerry Springer episodes) where romantic couples, having married within nanoseconds of each other, grow to realize that their partner:
- Has really annoying habits
- Has grown into a totally different life path (wants to give it all up to enter an ashram)
- Is completely irresponsible with money, or
- Wants to lead a totally different lifestyle from you (you’d like time with the kids; your partner is a workaholic)
Whatever the reason for the disagreement, it’s very likely that, with a little digging and probing questions, your incompatibilities could have been uncovered far earlier. Same thing happens with business partners. Entrepreneurs are often so taken with the first flush of start-up fervor that they don’t take the time to see whether their potential business partner will be right for them for the long term, or only the short-term.
If your business plans for 2010 including having a business partner, make sure you get your copy of The Entrepreneur’s Prenup: How to Choose a Business Partner Who Won’t [bleep] You! There’s more that goes into the partner-screening process than you think, and you certainly don’t want to look in the mirror this time next year, realizing that you’ve hitched your wagon to an albatross.
Have questions about working with Kaufman Business Law? This is the video to watch.
