Home > Uncategorized > Management Tip of the Day: 3 Must-Dos When Investing in a Friend’s Venture

Management Tip of the Day: 3 Must-Dos When Investing in a Friend’s Venture


—– Forwarded message —–
From: "Harvard Business Review" <noreply@email.hbr.org>
Date: Thu, May 26, 2011 4:07 am
Subject: Management Tip of the Day: 3 Must-Dos When Investing in a Friend's Venture
To: <bsubra@yahoo.com>

Welcome to Management Tip of the Day, a free daily alert with quick, practical management tips and ideas from HBR.org.

Follow the Tip: RSS http://links.mkt3142.com/ctt?kn=40&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0 or Twitter http://links.mkt3142.com/ctt?kn=22&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

— MANAGEMENT TIP: MAY 26, 2011 —

3 Must-Dos When Investing in a Friend's Venture

A friend with a great business idea can be a blessing or a curse. Making an investment can yield great things for both sides. But, going into business with a friend can also be tricky territory. Here are three things you should do before you write the check:

   1. Set clear boundaries. Don't skimp on up-front agreements because you trust each other. Remember this is a financial transaction, not a friend charity fund.
   2. Establish rules of engagement. As the venture moves from idea to execution, make sure there is a sound business plan in place and you discuss plans for action.
   3. Accurately assess your partners. Going in on a venture together is a lot like dating. Don't be fooled by love at first sight. Do a SWOT analysis on your partners so you understand what you are getting into before it's too late.

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Today's Management Tip was adapted from "My First, Failed Foray into Venture Investing" by Whitney Johnson.

Read the full post and join the discussion:
http://links.mkt3142.com/ctt?kn=28&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

* * * * * * * * * * * * * * * * * * *
FEATURED PRODUCT
* * * * * * * * * * * * * * * * * * *

Harvard Business Review 2010: A Year of Management Ideas (Harvard Business Review Collection)

Take an entire year of the best management ideas with you on one easy to carry and search CD or Zip file. Find just the articles you need in a clean, simple, easy-to-use format. Browse by topic or key term search. Now with Executive Summaries, which can help you decide which articles to read in their entirety or offer enough of a take-away if you're pressed for time. The entire year's worth of articles is yours for only $49.95.
http://links.mkt3142.com/ctt?kn=33&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

* * * * * * * * * * * * * * * * * * *
BEST SELLERS
* * * * * * * * * * * * * * * * * * *

HBR's 10 Must Reads: The Essentials
http://links.mkt3142.com/ctt?kn=35&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

HBR's Must Reads Library Set
http://links.mkt3142.com/ctt?kn=15&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

Guide to Persuasive Presentations
http://links.mkt3142.com/ctt?kn=1&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

Guide to Better Business Writing
http://links.mkt3142.com/ctt?kn=3&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

Guide to Getting the Right Work Done
http://links.mkt3142.com/ctt?kn=10&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

* * * * * * ADVERTISEMENT * * * * * * * *

UNIVERSITY OF MICHIGAN — ROSS SCHOOL OF BUSINESS

Executive MBA. Once a month for twenty months. Explore now:
http://links.mkt3142.com/ctt?kn=34&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Don't Miss…

THE DAILY STAT
The Daily Stat brings you facts and figures offering a quick but valuable perspective on our world and the business that happens in it, five days per week.
http://links.mkt3142.com/ctt?kn=41&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

"I READ IT IN HBR."
Find your inspiration with today's top business minds.

SUBSCRIBE ONLINE TO HARVARD BUSINESS REVIEW AND SAVE:
http://links.mkt3142.com/ctt?kn=12&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
VISIT HBR.ORG
http://links.mkt3142.com/ctt?kn=39&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

GET MORE FROM HBR.ORG ON YOUR MOBILE DEVICE. VISIT M.HBR.ORG:
http://links.mkt3142.com/ctt?kn=2&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0

SUBSCRIBE TO RSS FROM HBR.ORG:
http://links.mkt3142.com/ctt?kn=29&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

——————————————-
You have received this message because you subscribed to the "Management Tip of the Day" email newsletter from Harvard Business Review. To unsubscribe, please visit:
http://links.mkt3142.com/ctt?kn=5&ms=MTA4NjM4MAS2&r=Mzc5MDMyMDY1S0&b=2&j=Mjc2NjcwNzIS1&mt=1&rt=0
——————————————-

If you do not wish to receive any email messages from Harvard Business Review, click here:
h

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: