Archive for for January, 2018

Do 80% of Partnerships Fail?

January 18, 2018

In my research about partnerships, I found an article posting on Forbes which stated that a majority of partnerships fail.

That statistic seems high to me. We have talked about planning for partnerships. We have talked about the fact that all partnerships are not successful, and the fact that there are a number of challenges to face to build the … Read the rest

Successful Collaborations for Successful Partnerships

January 17, 2018

Being successful in partnership is not rocket science. We have previously discussed some of the key elements we have seen in successful business partnerships. It comes down to many of the principles of The 3 Laws of Empowerment.  If you want a successful partnership, you have to do these very things that we have talked about in other contexts.

#1. … Read the rest

Why Do Many People Who Do Great Things Own Businesses?

January 17, 2018

We work with partnerships and other successful growing businesses in helping them get where they are going. One thing we keep seeing is that people who are great, people that others admire, people that have a balance in life and a life that people strive for, are often business owners. Why do we keep seeing this over and over again? … Read the rest

The Unexpected Benefits of Finding Yourself Through Business

January 16, 2018

Finding yourself through business is a journey, and often, business success or failure are tied to things in your personal life. Business people are starting to recognize that there is a connection between business and personal, and personal struggles may impact things that you might be struggling with in your business. Developing a successful business requires you to refine and … Read the rest

Five Things to Do Differently When Setting Up a Partnership

January 16, 2018

We spend a lot of time working with our clients on partnerships, setting them up, working through issues in them, making them grow. I often speak about partnerships, I have come up with a short list of things that need to be done in the building of the partnership, things that every partner should be doing at a minimum … Read the rest

Five Key Benefits to Consider in Forming a Partnership

January 15, 2018

I have spent a lot of time talking and researching partnerships and I often speak about partnerships, I have found that many people like to focus on the negative and the failure rates of partnerships. Insert link. However, there are many benefits, and not all of these are always properly considered. Let’s think about some of the benefits of … Read the rest

Six Basic Characteristics of a Successful Business Partnership

January 15, 2018

What should we look for in a successful partnership? I have spent much time helping people achieve their success by working on their business partnerships and setting them up correctly. After years of research and working with clients on partnerships, we have learned what common things to look for to make sure that a partnership is successful.

While this list … Read the rest

Business Partnerships and Negotiations

January 13, 2018

Last year, I had the honor to speak at the Texas Society of Certified Public Accountants’ Young and Emerging Professionals Conference in Austin.  As always when speaking, I got some good feedback from the audience. While discussing business partnerships and negotiations, I learned that many of the CPAs in the room had experience with faulty corporate and LLC documents. Most … Read the rest

Three Steps to Succeed in Business

January 12, 2018

We are all looking for the secret formula, how to make our businesses better, how to make sure we achieve our goals. As part of this process, we start seeing themes. Based on those themes, I’ve come up with three steps you must take to succeed in business. Things you must do to make sure that you are going to … Read the rest

Managing Your Time and Priorities

January 12, 2018

I recently published a blog entry about managing your time and how important it is to get control of your time. In the comments we received, we found that not only do entrepreneurs struggle with time, but they struggle with priorities. Priorities may be the problem, but I view the issue as being one and the same. If you don’t … Read the rest

All postings are intended to be planning tools to familiarize readers with some of the high-level issues discussed therein. No posting is intended to be a comprehensive discussion and additional details should be discussed with your transaction planners including attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. This article should not be treated as legal advice to any person or entity.

Show Buttons
Hide Buttons