2Bobs—with David C. Baker and Blair Enns cover image

Are You Ready for a Minority Partner?

2Bobs—with David C. Baker and Blair Enns

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Are You Ready to Add a Minority Partner?

Two bobs: Are you ready to add a minority partner? You eight tests. Number one, are you ready to make this public? Number two, if the process involves more than one person, are you willing to designate one of them as the lead? Number three, will the public announcement surprise anybody, ta members, clients, contractors? Number four, will you be ready to face an unsuccessful attempt - so if this doesn't happen, this person might possibly leave? Number five, are youready to be totally transparent about the firm's finances? Number six, are you doing this without over reacting to some pressure that you feel most likely that that person would leave? number seven, are

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