business risk partners
Moral Business Dilemma?
My partner and I are to open a franchise business soon. We were recently approached by the main competitor to open their first franchise store with a greater return on our investment and less overall risk. We are mortgaged to the hilt with either option, and will spend a long time paying off either business. The business we have been liasing with already has provided a tremendous amount of support and the owner is my partners current boss. We are likely to be better off financially with the second offer, but feel morally obliged to the first party. Any advice?
There’s no “right” answer. I suggest discussing with your partner and others you know and trust – not anonymous counsel off the internet. Have you considered talking to the other owner (your partner’s current boss)? He has to know there are other opportunities for you and your partner.
Business Case-Studies, Models and Design Principles
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Into the Darkness $7.91 When young advertising executive Meg Venturi inherits her millionaire grandfather`s antique jewelry business, she comes face to face with his mysterious partner, A. L. Riley, dark secrets from the past, and life-threatening danger. Reprint. |
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The Complete Equine Legal and Business Handbook $12.73 Can a boarding farm owner sell a boarder`s horse to satisfy a delinquent bill? Are corporations or partnerships more suitable to certain kinds of equine businesses? Will the posting of signs that indicate potential hazards reduce a farm owner… |
