Perils in Partnership: Plumbing Acquisition Gone Wrong
Acquiring Minds
Navigating Business Partnerships
This chapter emphasizes the necessity of thorough background checks before entering business partnerships, illustrated by a troubling incident from the past of a partner. It discusses the importance of distinguishing between technical skills and business acumen, and the need for clear communication and legal preparedness within partnerships, especially when arising from personal networks. The chapter concludes by highlighting the significance of having separate legal counsel to ensure that both partners understand their agreements and potential risks.
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