Be fair, attentive, and customers
will return.
The financial start for a business
is larger than most of us can handle,
alone. Everyone doesn't have ready
cash at hand, or a rich relative able
to supply funds. Often times, you
can't get a loan from the bank. Or,
the loan wouldn't cover all expenses.
"I've been in that situation." You
shook your head.
An option is to turn to someone that
will lend you money, for a reasonable
interest rate. Perhaps, that person
wants to help run the business.
From the start, in writing, explain
what your partner's responsibilities
are. Leave nothing to chance.
Who will handle the accounting? The
suppliers? Will someone other than
you two hire, fire, employees? One
or both of you should be on site at
all times? When a major issue comes
up, who will do the problem solution?
Tailor the questions specifically for
your business. This list should be
prepared prior to signing a contract.
The fighting, over business affairs,
is eliminated. There isn't wasted
efforts on a task(s) done already.
Naturally, the business runs smoother.
You and your partner can focus on a
profitable year.
Wednesday, February 27, 2008
Don't Fight Over The Business
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