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The Partnership Charter: How To Start Out Right With Your New Business Partnership (or Fix The One You're In)

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In The Partnership Charter, psychologist and business mediation expert David Gage offers a comprehensive guide to the art of establishing and maintaining a business partnership. The centerpiece of his approach is the Partnership Charter, a document that clearly outlines the goals, expectations, responsibilities, and relationships of the principals. The charter identifies potential sources of conflict and how they will be resolved, while addressing such sensitive issues as personal styles, values, money, and power. Illustrating every principle through engaging stories drawn from Gage's front-line experience consulting to business partners, as well as interviews with the founding partners of such successful businesses as Progressive Insurance Company and Manpower, Inc., The Partnership Charter dispels common myths and presents a practical framework for launching, building, and sustaining a thriving business partnership.

ISBN-13: 9780738208985

Media Type: Paperback

Publisher: Basic Books

Publication Date: 06-30-2004

Pages: 272

Product Dimensions: 6.00(w) x 9.00(h) x 0.75(d)

David Gage is founder of BMC Associates, a multi-disciplinary Arlington, Virginia-based mediation firm. He is also an adjunct professor at the Kogod School of Business at American University, and maintains a private practice as a clinical psychologist. Gage speaks regularly to business and professional organizations, runs seminars, and writes articles on issues of preventing and resolving conflict. He lives in Arlington.

Table of Contents

Preface ix
Part 1 Partner Fundamentals
1 The Rewards (and Risks) of Going into Business Together 3
2 Starting down the Right Path: A Partnership Charter 31
Part 2 It's Just Business
3 Partners' Vision and Strategic Direction 55
4 Pieces of the Pie: Ownership Issues 67
5 Roles and Titles, Power and Status 91
6 Money: Taking It Out, and Sharing It 109
7 Governance 121
Part 3 The Intimate Side of Being Partners
8 Personal Styles and Working Together 135
9 Partners' Personal Values 149
10 Is It Fair? 161
11 Getting What You Wish For: The Power of Expectations 177
Part 4 The Future is Sooner Than you Think
12 Just Suppose: Scenario Planning for Partners 193
13 Essentials of Resolving Conflict 201
Appendix Star Systems' Partnership Charter 213
Notes 245
Acknowledgments 253
Index 255