The 4th C: CUMULATIVE MONEY PROBLEMS

Conflicts over money are very high on the list of reasons that 70% of business partnerships fail. I'm not referring necessarily to lack of money. The damage to business partnerships stem from the fact that each of us have different attitudes about money and therefore handle it in different ways.

The most hopeful scenario is that differences have been discussed openly at the outset of the partnership and are continually a topic reviewed with level heads.

Most often that is not the case. Here is a sample list of the types of problems businesses run into around money where partners can have very opposing views:

• financial risk taking

• collections

• investment of profits

• family involvement on acquisitions

• under-capitalization/ involving outside investors

• perceived ine
  Market with Integrity
  Playing games can be a lot of fun, but in business they can take an ugly turn when they turn into head games. How we play games, or play at games, often reflects our true nature as to how we do business.We always have a choice. We can make it a win-lose or a win-win option. Playing head games in business involves lying, cheating, hidden agendas, one-upmanship, customer or employee exploitation, and the like. Often these behaviors find their essence in the nee
  reasons that 70% of business partnerships fail. I'm not referring necessarily to lack of money. The damage to business partnerships stem from the fact that each of us have different attitudes about money and therefore handle it in different ways.

  The most hopeful scenario is that differences have been discussed openly at the outset of the partnership and are continually a topic reviewed with level heads.

  Most often that is not the case. Here is a sample list of the types of problems businesses run into around money where partners can have very opposing views:

  • financial risk taking

  • collections

  • investment of profits

  • family involvement on acquisitions

  • under-capitalization/ involving outside investors

  • perceived ine
    FREE - Publicity for Your Business
    Learn how to write a press release and avoid expensive advertising as you grow your business.A full page ad in an industry journal can cost almost $6.000. But there is a way to use the same publications to to promote your business free of charge.Journalists want a need one key thing. NEWS! They’ll gladly write about you or your business provided you know what to feed them and do it in the right way.This is a great way to promote your business FREE.
    ney and therefore handle it in different ways.

    The most hopeful scenario is that differences have been discussed openly at the outset of the partnership and are continually a topic reviewed with level heads.

    Most often that is not the case. Here is a sample list of the types of problems businesses run into around money where partners can have very opposing views:

    • financial risk taking

    • collections

    • investment of profits

    • family involvement on acquisitions

    • under-capitalization/ involving outside investors

    • perceived ine
      Your Boss is Hostile - What Do You Do?
      Are you working at a job where the boss has no interpersonal skills; micro-manages you and treats you like a child?Do you work for a fault finding boss who yells, screams and talks to you in an arrogant and demeaning manner, even in the presence of your co-workers?Are you are tired of walking on eggshells at work because any small thing you do could set off an “explosion”?Is your boss hostile?If you work for a hostile boss and nothing has bee
      level heads.

      Most often that is not the case. Here is a sample list of the types of problems businesses run into around money where partners can have very opposing views:

      • financial risk taking

      • collections

      • investment of profits

      • family involvement on acquisitions

      • under-capitalization/ involving outside investors

      • perceived ine
        Business Force Multipliers!
        There is a concept in the military called a force multiplier. This is anything that increases the effectiveness of the military unit. Like a machine gun verses a single shot rifle. The machine gun is several times more effective than the rifle. Thus, the machine gun can take the place of a whole group of riflemen.The main force multiplier of the modern business world is technology, and computers are our machineguns.Technology allows the small business o
        ancial risk taking

      • collections

      • investment of profits

      • family involvement on acquisitions

      • under-capitalization/ involving outside investors

      • perceived inequality in remuneration of each partner based on each one's view of each other's work and responsibility

      • hiring and salaries of employees

      • investments in outside experts to train, coach, market, etc.

      The money issues in business that accumulate over the course of time are based on many factors, some personal, some internal to the business and some on outside forces beyond anyone's control.

      Bill and Vincent were investing in a new business. Vincent was unemployed with limited funds, so at the outset Bill did the financing. There was growing tension between them because of this. Bill felt he had more right to make decisions. He also had a subtle way of belittling Vincent because of it. How could such interaction be a good basis for a new business?