Business partnerships are never easy and can fail in both times of prosperity and times of strife.
There are many reasons for breakup: bad financial results, good financial results, personality differences, lack of trust, conflicting visions, etc.
Often, the knowledge of an impending breakup precedes the actual breakup by months, if not years. In the meantime, if lack of trust develops, the emotional ... Read More
Reality Hits on the First Day of Business Possession
The first few months after the successful acquisition of an existing business can be daunting. The opportunity and the excitement of steering the new “purchase” into your vision can be overshadowed quickly by the reality of running a business. Marketing, human resources, and of course, financial decisions will have to be made as soon as the first day of the business' operations begin. For many ... Read More