Picking a Business Partner? Choose Carefully

Picking-a-Business-Partner-Choose-Carefully

Imagine a scenario: two friends decide to go into business together. One has the money to start the business, the other has the skills to run the business. Seem like a good plan? Not always, according to Jack Garson. In his latest blog post on the Huffington Post, Jack Garson of Garson | Claxton LLC talks about what makes a good business partnership and how to avoid some common mistakes.

When choosing a business partner, Garson recommends picking someone with the long term in mind, getting to know them before entering into any sort of agreement, and planning for worst case scenarios.  He also recommends making sure partners have the same goals in mind when getting started and avoid structuring their agreement so that one partner is “able to succeed when others are failing”.

In order for a business to succeed, each partner needs to make a continuing, valuable contribution to the business.  In order to accomplish this, partners must know the rules of the game before they start playing, says Garson.

You can read his entire Huffington Post article “Why Business Partnerships Go Bad” here.



Send this to friend

GET IT NOW
500% MORE SUBSCRIBERS
EFFICIENCY
BOOST YOUR SALES
CREATIVITY
INSPIRE YOUR VISITORS
BE UNIQUE
CREATE UNIQUE POPUPS

*By downloading the Insight, The Art of Tweeting you are also joining our newsletter.

Power Your Brand
Your Information will never be shared with any third party.
* By downloading our insights, you are also joining our newsletter.
Power Your Brand
Your Information will never be shared with any third party.
* By downloading our insights, you are also joining our newsletter.
Power Your Brand
Your Information will never be shared with any third party.
* By downloading our insights, you are also joining our newsletter.
Power Your Brand
Your Information will never be shared with any third party.
* By downloading our insights, you are also joining our newsletter.
Start Making Headlines Today!
Your Information will never be shared with any third party.
* By getting the discount code, you are also joining our newsletter.
Sign up to receive 25% off
your first news release
distribution through PR Web.
Best PR Firms in Fairfax
Our phones are temporarily unavailable. Yes we paid the bill, no it's not the Russians. To contact us,please send
an email to info@onthemarcmedia.com.
Phones Temporarily Down
Call Us Today:
Social media
Call Us Today:
Get our crisis management toolkit delivered to your inbox now
LEARN MORE



PGlmcmFtZSB3aWR0aD0iNzQwIiBoZWlnaHQ9IjQxNSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC9wRDJpV3U4b3NxWSIgZnJhbWVib3JkZXI9IjAiIGFsbG93PSJhY2NlbGVyb21ldGVyOyBhdXRvcGxheTsgZW5jcnlwdGVkLW1lZGlhOyBneXJvc2NvcGU7IHBpY3R1cmUtaW4tcGljdHVyZSIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==