Should I take on a business partner?

By Ask a Shop OwnerUpdated Leadership

Short answer

Only if they bring something you can't (money, skill, customer base) and you have a written agreement covering divorce, death, and disagreement.

The honest question

What does this person bring that you can't buy? If the answer is 'company', hire a friend to grab lunch with. If the answer is real money or a skill set you'd take years to build, talk further.

Get it in writing

Operating agreement with a buy-sell clause. What happens if one of you wants out. What happens if one of you dies. What happens if you disagree on a major decision. Done by an attorney, not a template.

Ask your version of this question

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