Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 13 Jun 2012, p. 18

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ia-WATmmm-mmumz . Go it alone or with somebody else in new business venture ‘ loften get asked by clients youwlllbehaldpleeaedtonnkea Finlaakedhimvvhatwetedie mahokattheormerahlpsplitand lion. whether I recommend they go goofanybminessparmenhip amngementadiscuued concern- metatarsal/50mm In lttumedoutthlspotenthl part. into business with someone else. [recently had adient comeand ingtheqalitlnonmerdilp. thebtflnen'lhb ilheandhis oer regarded his expertise in the 'mefirstminglsskmemis'bo talktomesboutstsrtingaparmer- Hesaidhewaaoll‘eredownerw parmereverhadmuyeement. bruinenmoreimportantthandie you knowthis person?” ship with someone he had met ship in the new business with an one would not have the upper money my client was willing to A business partnership can be a through some business dealings he investment of ”00.000. and with handand be abletoeflectivelyveto invest. very risky proposition. especially it had. that hewould receive“) percent of decisions. With this attitude. the partner- you hardly know the person you are He didn‘t know much about the diecompany. He expressed concern that the ship was doomed to fail. and my thinking of going into business personhewasconsidering partner- He didn't seem too displeased other pattnerwasunlikely to wee dientcarnetoseeitasabaddeal. wrth. in many ways. a business ing with. but he was quite withtheofl’er. to a change in menhip. but he He mutually went on to start partnership can be as much work impressed with this person's knowl- 1 pointed out to him that with agreed that I had fiver: him some- hh own successful business where asagood marriage, edgeand abilities that heapparent- only49percent oftheownershipol thingfundamental and essential to he maintained full control and You need to know the person lypossessed in the line ofwork they thebusineas, hewouldllnd himself consider. decision making without having to very well. and more importantly were considering venturing into. with only a minority ownership. in He ended up discussing this dealwithan unreasonable partner. you need to sham a mutual respect He wondered if it was wise to a position of submission to the diangetoequslownenhipwithhh no _ and understandingofeachother. if consider a partnership of this otherpamier. potential business partner, and it RabebertLtanadm’wrwirhthe you don't have that to begin with. nature. 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