The Partnership Charter
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For the 30 million business partners and co-owners, the essential guide for building, launching, and sustaining successful ventures Publishers Weekly Gage, a professor at the Kogod School of Business at American University, believes that business partners should have an operating charter in addition to a partnership agreement. This operating charter, while not legally binding, is a strategic way for partners to have a serious, ongoing discussion about how they plan to run their business, deal with work issues and people, and spell out their expectations. The actual charter is far less important than the conversations leading up to its drafting. Gage discusses the four key questions that should be considered when deciding to form a partnership. While some people can explain why they want to own a business and why they want to have a partner, two questions-are there better alternatives than choosing a partner and is the person you're choosing the best partner-are more difficult to answer. Using a variety of examples, Gage shows how business people sometimes choose partners instead of finding outside financing or hiring a consultant. This is a clear and helpful book, best for people who are considering setting up a partnership. Readers who are already in partnerships, however, may find Gage's advice useful but harder to implement. Overall, this book is a solid addition to the business guide category. (Aug.) Copyright 2004 Reed Business Information.
1The rewards (and risks) of going into business together32Starting down the right path : a partnership charter313Partners' vision and strategic direction554Pieces of the pie : ownership issues675Roles and titles, power and status916Money : taking it out, and sharing it1097Governance1218Personal styles and working together1359Partners' personal values14910Is it fair?16111Getting what you wish for : the power of expectations17712Just suppose : scenario planning for partners19313Essentials of resolving conflict201AppStar Systems' partnership charter213
