Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Luminary
Coronavirus, the Economy, and Your Business Partnership
Is Your Business Going to Be Ready When This Passes?
Don’t Let the Corona Virus or Partnership Problems Destroy Your Business
Before we found ourselves in this terrible mess, many businesses had partnership issues. If your partnership has problems, now is the time to deal with those things that cause tension.
I’m discounting my fees to help you during this time of uncertainty. And, I’m having live web conferences for small business owners to share their ideas. Hanging out with other people who understand the struggles is a great way to relieve the stress.
I know that this will not last forever and that we’ll all come out from our bunkers and go back to work in the near future. The businesses that are well prepared to resume trade will be very successful. Those entrepreneurs who spend this time worrying about tomorrow won’t be ready when it’s time to reopen for business.
What Can You Do Now While Your Business Is Closed Because of Corona Virus??
- If your partnership is having trouble, fix it now
- Work on your business’ SEO position
- Refine your advertising
- Update your website
- Write Blog posts (VERY important for SEO)
- Bring your books up to date
- Create a business plan for this year and next
- Talk with and support of business owners
I believe that the US and Canada will start to go back to work by mid-May. Will you be ready?
“Don’t waste this time. We are going to make it through this. When it’s time to go back to work, will your business be ready? You have an opportunity to start fresh. Take it!”
Partners in a business partnership, other than limited partners, have legal obligations to the partnership that are called the Fiduciary Partnership Duties. In this post, we’ll look at these duties and, hopefully, clarify what they mean.
Many people are trying to work out new arrangements with their business partner but find themselves in bad place on the calendar. Despite both parties agreeing to a change, it could take months to worth out the terms. Don’t worry.
This might surprise you. Compensation does not have to be equal in a 50-50 partnership. You can, in fact, do anything you want as long as it’s agreeable with your partner or partners. Read on!
When business partnerships go bad, very often someone wants out. That starts one of two possible processes. The business enters Wind Down and begins the process of closing or the partners start discussing a Buyout.