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  • Member You - The Seven C's: Partnership Danger Signs - The 4th C: Cumulative Money Problems

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    ost hopeful scenario is that differences have been discussed openly at the outset of the partnership and are contin
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    A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.

    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 contin

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    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 contin

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    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 contin

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    he 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 contin

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    ost 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 inequality in remuneration of eac

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