Basic Books The Partnership Charter: How To Start Out Right With Your New Business Partnership (or Fix The One You're In)

Good to know the basics about a proper partnership in business. The written style is good and to the point.

This book is good and well-worth reading, but it needs an accompanying workbook or more precise guidance. I like his approach and he brings up many good points, but he doesn't provide enough help on how to take concrete steps to work out all the issues.

Book arrived very quickly and was as described

If you are about to start a business with other people - READ this book! It helps prevent conflicts from starting and it helps to resolve conflicts that have started. It clearly identifies the major issues that you encounter over a lifetime of business ownership and it helps you examine how to address differences in values - both personal, financial, and practical. We created a partnership/business agreement (shareholder agreement) about 20 years ago and we addressed about 80% of what this book recommends. The 20% that we forgot to address or that we were not courageous enough to admit might happen, turns out to be critical 20 years later. There are so many unintended consequences that come from our human nature to avoid conflict and to avoid addressing problems head on. Do you and your business colleagues sweep things under the rug or kick the can down the road and say, "we will look at this later"? Have you gotten into a jam because you avoided dealing with a problem in a timely manner? This book is a terrific tool that will help you understand and appreciate why you need to address key concerns BEFORE they morph into problems that threaten the well being of your company or business. This is so well written and enjoyable to read. The author, David Gage, gives great insights and shares quick, real life anecdotes from businesses that experienced real stresses and failures due to business relationship misunderstandings. This books gives lots of examples for how some businesses REPAIRED relationships and moved on to future success and how some DISSOLVED relationships and parted ways amicably BEFORE litigation. This is a powerful tool and resource that every business owner should read and every future business should read before starting out. Steve Covey said "begin with the end in mind" and this book helps you set meaningful goals that will work for you and your business partners and stakeholders.

I've been involved with a few partnerships and this book presents many excellent ideas on how to think before entering into one. I reference it often with my work consulting to business owners.