How to Determine the Value of Your Business
There is much to consider when setting the value of a business. Talk with a 100 experts and you’ll get 100 different valuations. These methods should help.
Lying to Your Mediator
If parties to mediation aren’t honest with the mediator, it makes for a crippled process. When outright deception is practiced, the mediator could be forced to walk away from trying to help.
Protect Your Business from Recession by Fixing Your Partnership
Business Partnership Advisor Together, we can fix your business and partnership problems Chris Reich, Business Luminary Email of the week: Chris, there’s a lot of tension in our partnership. I’m worried about recessionand think we should be careful about...
The Most Important Step When Starting a Business Partnership
The 2 reasons creating a Partnership Agreement should be your first step when forming a business partnership. First, the protection a Partnership Agreement affords makes skipping this step rather dumb. Second, the process of working out the terms of your Partnership Agreement will reveal potential problems and help you work them out before they happen in the real world.
Can Your Business Partner Take You Off The Bank Accounts?
If you are in a business partnership, call your bank and find out if you have a joint account. If you are “on” the account but it’s not a joint account, change it.
Negotiating When There is No Incentive to Reach Agreement
Many people who call me find themselves in the frustrating position of not having any “power” in their failing partnership. There are two options.