Expert's Advice on Real Estate and Money

The etheral qualities of a loan

Now that the partners understood the ethereal qualities of the two businesses, the next area of discussion concerned the material aspects. First we reviewed the differences that would help or hinder the partnership from an organizational structure perspective. Again I used a grid to help guide the discussion and enable the partners to view their organizations from a holistic perspective.

The last piece of information the partners needed to discuss before they could begin a formal strategic planning session was the external impacts on the partnership. This article lists the external issues the partners wanted to explore to ensure that they covered all the potential traps that might derail the partnership—before they spent time, money, and energy creating a strategic plan.