Contemplating a Business Partnership?
A business partnership (BusinessWeek SmallBiz, June/July, 2007) is usually hatched in a state of inspired optimism when two or more seemingly like-minded individuals come together with an idea to create a product or service and develop it into a business. But perhaps not surprisingly, for every partnership agreed upon formally or informally, there are a number of questions about the best way to keep it going forward. How should the contributions of each party be tallied? How does that play into the continued growth and stake of each person involved? Is the idea man worth as much as the guy who brings the money?
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