In recent years, the headlines have tracked the news of high-profile breakups among business partners in private companies. These business partner fallouts include:
Business divorces take place in all types of private companies, including those owned and operated by family members. But families that are willing to engage in thoughtful planning can head off some of the internal conflicts that lead to business divorces, and if the exit of a family member from the company does becomes unavoidable
Hindsight can be a wonderful thing, especially if hard-earned lessons are adopted by others who are willing to learn from past mistakes. When private company owners and investors share with me some of the wisdom they have gained from their past dealings with business partners, they often cite the same three mistakes they made in