I recently met with three other business owners to discuss best practices in partnerships. We could have simply read a book on the subject (such as The Partnership Charter by David Gage), but the primary focus of the meeting was on the situation of one of the participants. He was thinking about bringing a partner into the business he founded seven years ago. The other two participants had partnership experience.
We came up with a short list of imperatives for successfully bringing a partner into an ongoing business. Continue reading