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Financial Gym for Business

BUILD A BUFFER OF PERSONAL MONEY & STAY OUT OF DEBT

You are here: Home / Blog / The Horror Stories of Going into Business Partnership

The Horror Stories of Going into Business Partnership

September 25, 2015 by Georgette Rowland Osborne

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Going into Business Partnership_image blog

 

So you want to go into business with someone else or a number of people. Maybe you are looking at merging your business with another one. Partnerships, are they a great way to run a business or a disaster waiting to happen?

I am talking about legal partnership arrangements, not to be confused with joint ventures, which can include temporary deals, collaborations and affiliations. That is a subject all on its own.

You will also hear

  • What you need to know so you can negotiate with confidence
  • The minimum 6 things you must address in a business partnership
  • Why it is more important to be formal with people close to you
  • Reasons partnerships work for some people
  • Real stories of how partnerships go wrong
  • Why equal partnerships are not always a great idea
  • Differentiating between a trading partnership and an investment partnership

 [spp-tweet tweet=” Partnership agreements are like pre-nuptials. You hope you don’t need it, but if you do, you’re covered “]

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

Show Links & Resources

Sole Trader v Limited Company v Partnership – How to Choose

Quick Tip Guide – Choosing Sole Trader v Limited v Partnership

Smarta.com

 

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http://serialpodcast.org/how-to-listen (This is brilliantly done)

 

 

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Categories

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  1. FFS018:12 Ways to Raise Business Funds without a Bank Loan says:
    November 13, 2015 at 10:18 pm

    […] Horror Stories of Going into Business Partnership […]

Testimonials

  • Judith HollowayJudith HollowayParenting Expert & Property Coach

    “Georgette doesn't mince her words and gets straight to the point, with lightness and love - so refreshing!" 

  • Andy PetersonAndy PetersonIntuit UK QuickBooks

    "Thanks for being one of my favorite partners this year. As one of my US colleagues would say – ‘You’re awesome!’

  • Steve SweetloveSteve SweetloveDirector - Right Hand HR

    “Dear Georgette, further to the work you carried out for one of my clients; I am writing to express my gratitude. The client was the first to admit that since incorporation the bookkeeping had been close to non-existent.

    Compliance was causing him anxiety as the industry his company trades in is tightly regulated.

    I received a call in which he expressed how relaxed he felt now that he was in good hands. I will not hesitate to refer you to family, friends and colleagues, as well as passing future clients to Precision/Financial Gym.”

  • Lillian KyeiAccountant

    I have tapped into Georgette Rowland’s expert knowledge; especially in relation to Estate& Letting agency accounting procedures. She is very efficient and reliable, readily to offer advice and help.
    I would highly recommend Georgette & Precision Bookkeeping for all your bookkeeping requirements and you will not be disappointed

  • Michelle HolmesMichelle HolmesThe Energetic Activist

    Georgette Rowland Osborne!!! You ROCK ROCK ROCK!!! Thank you sooooooo much! I freaking LOOOOOOOOOOOVE you Mrs! You are freaking ridiculously awesome! I need to broadcast you to the world!

  • Suzannah Nichol MBESuzannah Nichol MBEChief Executive Build UK Group of Companies

    "Our growth as a business has been fantastic and I truly meant it when I said you played a major part in that growth. Many many thanks"

  • Shelly CollinsShelly CollinsDiveristy Expert & Director of Just Resources International

    "Thank you Georgette, you changed my business and turned my life around!” 

  • Judith HollowayJudith HollowayParenting Expert & Property Coach

    “Georgette doesn't mince her words and gets straight to the point, with lightness and love - so refreshing!" 

  • Andy PetersonAndy PetersonIntuit UK QuickBooks

    "Thanks for being one of my favorite partners this year. As one of my US colleagues would say – ‘You’re awesome!’

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