Comments on: 4 Signs Your Business Partnership will Fail http://www.cfowise.com/part-time-cfo/signs-your-business-partnership-will-fail/ A CFO Perspective on Entrepreneurship, Small to Medium-Sized Business, Profitability and Cash Flow Fri, 03 Sep 2010 10:45:40 +0000 hourly 1 By: R. Walker http://www.cfowise.com/part-time-cfo/signs-your-business-partnership-will-fail/comment-page-1/#comment-501 R. Walker Tue, 02 Mar 2010 18:57:10 +0000 http://www.cfowise.com/?p=2238#comment-501 I hope none of these are about me. ha ha I hope everything's well with you. I hope none of these are about me. ha ha I hope everything’s well with you.

]]> By: Jeff Coleman http://www.cfowise.com/part-time-cfo/signs-your-business-partnership-will-fail/comment-page-1/#comment-500 Jeff Coleman Tue, 02 Mar 2010 16:09:45 +0000 http://www.cfowise.com/?p=2238#comment-500 Just like a marriage, new business partners go through a honeymoon phase and then migrate to a more mature relationship. Operating agreements are often opportunities to avoid strife when things go bad. Unfortunately, not all partnerships are for life. The time to create the exit strategy for the dissolution of the partnership is during the "honeymoon" phase when all parties are working together and can create a fair method for a partner to exit. Think of it as a "pre-nuptial" agreement. A good one will allow for the very common outcome of partners moving in different directions without the acrimony often associated with this kind of event. Just sayin'..... :> Just like a marriage, new business partners go through a honeymoon phase and then migrate to a more mature relationship. Operating agreements are often opportunities to avoid strife when things go bad.

Unfortunately, not all partnerships are for life. The time to create the exit strategy for the dissolution of the partnership is during the “honeymoon” phase when all parties are working together and can create a fair method for a partner to exit. Think of it as a “pre-nuptial” agreement.

A good one will allow for the very common outcome of partners moving in different directions without the acrimony often associated with this kind of event.

Just sayin’….. :>

]]> By: Janet http://www.cfowise.com/part-time-cfo/signs-your-business-partnership-will-fail/comment-page-1/#comment-498 Janet Tue, 02 Mar 2010 02:52:37 +0000 http://www.cfowise.com/?p=2238#comment-498 I found this article so very interesting. I am the owner of a small business- recently I was thinking about making someone a partner- who I have known for some time. However after reading this especially about being on the same page- made me realize that this would not be a good arrangement. Thank you Janet 3-1-2010 I found this article so very interesting. I am the owner of a small business- recently I was thinking about making someone a partner- who I have known for some time. However after reading this especially about being on the same page- made me realize that this would not be a good arrangement.

Thank you
Janet
3-1-2010

]]> By: Ken Kaufman http://www.cfowise.com/part-time-cfo/signs-your-business-partnership-will-fail/comment-page-1/#comment-435 Ken Kaufman Thu, 07 Jan 2010 01:15:30 +0000 http://www.cfowise.com/?p=2238#comment-435 Kin, I agree. Capital calls cause major issues in partnerships, and an operating agreement usually defines how this should be handled! Kin,

I agree. Capital calls cause major issues in partnerships, and an operating agreement usually defines how this should be handled!

]]> By: Kin Powell http://www.cfowise.com/part-time-cfo/signs-your-business-partnership-will-fail/comment-page-1/#comment-434 Kin Powell Wed, 06 Jan 2010 23:33:33 +0000 http://www.cfowise.com/?p=2238#comment-434 a 5th problem comes when the operation falters, and additional capital is needed. In most cases this is not adressed until a crisis occurs. a 5th problem comes when the operation falters, and additional capital is needed. In most cases this is not adressed until a crisis occurs.

]]>