Breaking Up (With a Co-Founder) Is Hard to Do

Ms. Hausman, a first-time entrepreneur, says she decided to dump her business partner because they had different goals, even though they seemed to be in alignment at the beginning. She says she wanted to grow the company by hiring employees, building a website and leasing office space, rather than continue working out of each other’s homes. Her partner, she claims, preferred to keep the firm lean.

Published

13 years ago

October 12, 2012

BusinesSuiteOnline

Many people start businesses with partners, often so they can benefit from the others’ expertise, connections and finances. But sometimes one founder concludes over time that the relationship is flawed and parting ways would be best.

Announcing a desire to split up and subsequently dissolving a business partnership can be tricky, as emotions tend to run high.

How you go about handling the situation can mean the difference between an amicable split, where you run the business as you see fit, and a messy divorce, in which you wind up losing money, clients, resources or other critical assets.

“You need to find some level of common ground or you’re going to be talking in circles, which can easily spiral into much worse scenarios, such as legal action,” says Scott Gerber, founder of the Young Entrepreneur Council, a national invitation-only network of entrepreneurs under the age of 35.

Of course, the best way to handle a business breakup is to prepare for the possibility of a divorce happening when you’re just starting out, he says. You can do this by including in your operating agreement a set of instructions for how a split would go down, such as a requirement that the exiting founder sign a nonsolicitation agreement should he or she decide to launch a similar business after leaving.

For more go to http://online.wsj.com/article/SB10000872396390444450004578002533230236470.html?mod=rss_Running_a_Business

John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

8 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

8 years ago

November 24, 2016

Managing Editor

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

9 years ago

July 11, 2016

BusinesSuiteOnline

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.