JOURNAL ARTICLE

10 Questions to Ask Before Entering a Business Partnership: You can save yourself immeasurable pain down the road by asking these tough questions early.

  • Published In: Harvard Business Review Digital Articles, 2023. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Zucker, Rebecca; Becker, Jonathan 3 of 3

Abstract

The article focuses on key questions prospective business partners should ask before entering a partnership to prevent future conflicts and ensure alignment. It highlights the high failure rate of partnerships and emphasizes the importance of discussing motivations, work habits, decision-making processes, conflict management, equity, compensation, documentation, and exit strategies early on. By addressing these issues candidly, partners can build trust, clarify expectations, and create agreements that support both the partnership's success and amicable dissolution if necessary. The guidance is based on real-world examples and aims to help individuals approach partnerships with prudence and intentionality.

Additional Information

  • Source:Harvard Business Review Digital Articles. 2023/08, p1
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2023
  • Accession Number:171294698

Looking to go deeper into this topic? Look for more articles on EBSCOhost.