A Moment of  Thought

"There is Nothing Wrong Until Something is Wrong"

Partnerships can be a great advantage, two different sides two different options all add to a very different outcome.    

But in reality and for many years I suggested partnerships didn't work except with husband and wife.  I saw so many that had bad outcomes.  Business breakups and exits are just like marriage, they can end very bitterly.  So just like preparing and discussion and family meetings, business partnerships should go through the same.  Preparing exit strategies, succession plans and partnership dissolving make it easy on your.  Do this planning early rather than later.  If you have "IP" (Intellectual Property) do you know who owns it? What do each expect out of your agreement and what are the triggers of the exit stratety.  Partnership agreements, succession planning and alliances can work very well when there are clear guidelines.

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Prior Preparation Prevents Pathetically Poor Performance

How many people have excuses when they did not do something, when something did not work out the way it was 'planned' or why something simply failed? When in reality they just didn’t spend enough time in the reparation and planning. The old saying “If you fail to plan, you can plan to fail”. If you think you don’t have time to plan, change your attitude. Make time for business planning and you will find you have time.

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We all make excuses at some stage. And we most often all use the same ones. But often, they are excuses of the mind and not a reality. Have you hit a wall and unable to progress further? Don't cling to those empty beliefs. Following are some simple action steps to help you move on.

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