Business partnerships are wonderfully complex entities. As with all relationships, they are vulnerable and subject to fallibility. If you think the fact that one in every two marriages in the United States ends in divorce (that's one every 36 seconds!) is unbelievable, then consider this: The number is significantly higher for business partnerships; about 70 percent of them fail. As a business partnership relationship coach, my mission is to help flip this fail/succeed ratio. The point is this: Whether you are considering going into a partnership now or in the future, you'll want to make sure that you do everything you can to help that partnership succeed. To that end, Business Partnership Essentials contains valuable (even invaluable) information. It walks you through every phase of the process - from deciding if you truly want to partner with the person you are considering to planning, building, and running your business on a daily basis and beyond, all the way to a planned exit strategy (a critical yet often overlooked consideration). If you already have a partner, this book will serve to enrich your partnership and give you renewed confidence in knowing that you're taking the necessary steps to ensure that your partnership (and therefore your business) runs as smoothly as a well-oiled machine.
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A must read for new and old business partners.
When business partnerships fail, the failure does not only affect the lives of the owners. Business failures impact the lives of families, employees, suppliers, and communities in addition to the owners. I was moved by the Dr. Lehavi's passion to reduce the number of partnership failures so that good things result in the lives of the families, employees, and communities that the partnerships touch. Her passion for saving business partnerships run throughout the book like a never-ending stream. This book has helped me to be a better business attorney.
I picked up this book because I wanted to get a better understanding of (1) how to help potential partners form lasting business partnerships, and (2) how to recognize red flags suggesting that a partnership is spiraling downward. This book does just that. The author, Dr. Dorene Lehavi, does an excellent job giving a step-by-step roadmap to forming and maintaining strong business partnerships.
This book is a must read for anyone who is considering entering into a business partnership and anyone who is already in a partnership and want to learn ways to make the union between partners stronger. This book is also a good resource for business attorneys who want to do a better job structuring lasting business entities that involve more than one owner.
- Demetri Chambers
Good read, but......