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!”
Locking a partner out is a risky move. The locked-out partner has rights that if violated could entitle him to reinstatement and damages.
There are many things to cover in a solid Partnership Agreement. In this video, I’ll explain the items that need to be covered. You may have other items to include as well. Keep in mind that there are many ways to address each clause. My job is to offer you options and to help partners agree on how they want to address every line item.
Your Partnership Agreement protects your interests. Ideally you would go to a qualified business attorney and have the proper legal document drafted. But if you are putting it off because of the expense, you can get the key items on paper to protect you and your business.
There are times when you legally can and should lock your partner out of the business. But, those are rare circumstances. Locking your partner out, even if your partner is showing bad behavior, open you to potential liability.