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Dave Says On Business "a Ridiculously Bad Mistake

cathi2 Wrote: Feb 02, 2013 2:44 PM
Is it possible that the owner is thinking of selling while he's got a buyer, before the economy tanks and he loses everything? Under those circumstances, I wouldn't blame him for selling, but I would also gently warn the employees that things might be very different under the new owners, to give them a heads up about possibly finding other work...
comsense08 Wrote: Feb 03, 2013 8:56 AM
I have actually seen this before and it ended ugly. The original "owner" was too personally attached and would not allow anyone to try different things. We was soon gone as he didn't look into getting a good exit clause in the purchase agreement that protected him.

Dear Dave,

My fiancée has a small photography business, and she wants to form a partnership with a college student who is majoring in business. I think this is a bad plan, but I’m pretty sure she’s not going to listen to me. What do you think about the idea?

Bruce

Dear Bruce,

A partnership is always a bad idea. There’s absolutely no upside for her, and if you feel there’s nothing you can do to keep her from making such a ridiculously bad mistake, then you guys are going to have issues in your marriage, too. It sounds like...

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