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February 2017 Archives

Why is There a Need for the Business Divorce Institute (Part 1)?

Business-Partnerships-There-is-a-need.jpgPeople enter into business partnerships too casually. When a new client contacts me and says:  "I have decided to take a partner. Can you draw up the paperwork?", my first question is "Why do you want to partner"?  I continue to be amazed at some of the responses I receive.  Like, "she is my friend, and I want to do something nice for her".  (If you want to do something "nice" for her, why don't you buy her a present?)  Or, "I'm not technically trained, but I need the help of an IT person to help build the technology".  (OK, but in the long run, it's cheaper to pay cash for services, instead of giving away valuable equity.)

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