The Venture Edge

Contrary to the popular idea of entrepreneurs as lone wolves, following their own unique vision of what a business can be, many entrepreneurs actually work with a variety of partners or a management team to start up and grow their businesses. In many cases, the entrepreneur takes the time to carefully spell out the relationships between partners -- who does what, who owns what, and what happens if the partnership breaks up. In some cases, however, these relationships are never formally spelled out. This is a recipe for entrepreneurial disaster, not entrepreneurial bliss.