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Business Partners: Navigating Challenges of Partnerships

This course walks through the challenges of establishing and sustaining successful business partnerships from their initial formation through establishing a successful business venture.

Created byJeffrey Cornwall
BeginnerUpdated Jun 17, 2022

What You'll Learn

  • check_circleLearn how to effectively assess potential business partnerships
  • check_circleExplore how to divide ownership among partners and set up compensation plans
  • check_circleExamine how to effectively manage a business partnership
  • check_circleRecognize the unique challenges of having family members as business partners
  • check_circleExamine the unique challenges of bringing in outside investors as business partners

About This Course

Business partnerships are complex relationships that can be as difficult to navigate as a marriage. Many successful ventures end in failure, not from problems with their business models, but from deeply troubled relationships among their owners. This course walks through the challenges of establishing and sustaining successful business partnerships from their initial formation through establishing a successful business venture.

Field of Study: Business Management & Organization

Course Content

2 activities • 14 videos • duration: 1h 11m

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Section 114 videos • 1 quiz • 1.2 hours
  • videocamIntroduction
    Duration 1:12
  • videocamWill You Make Good Partners?
    Duration 14:52
  • videocamDividing Ownership
    Duration 2:56
  • videocamPartner Salaries and Bonuses
    Duration 4:40
  • videocamPartner Decision Making
    Duration 5:15
  • videocamPartner Meetings
    Duration 7:29
  • videocamPartner Accountability
    Duration 4:44
  • videocamPartners at an Impasse
    Duration 4:46
  • videocamSweat Equity
    Duration 4:30
  • videocamPass Through Entities
    Duration 2:27
  • videocamGoing into Business with Your Spouse
    Duration 5:50
  • videocamGoing into Business with Your Children
    Duration 5:13
  • videocamEquity Investors as Partners
    Duration 5:40
  • videocamConclusion
    Duration 1:43
  • quizReview Questions
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Section 21 quiz

Your Instructor

Jeffrey Cornwall

Entrepreneur / Professor / Author

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star1,594 reviews

Dr. Jeff Cornwall is the inaugural recipient of the Jack C. Massey Chair in Entrepreneurship and Professor of Entrepreneurship at Belmont University in Nashville, Tennessee. He also was founding director of the Center for Entrepreneurship at Belmont, and led the Center for the first ten years of its operation. He has a Doctorate in Business Administration and an MBA from the University of Kentucky. In the late 1980’s, Dr. Cornwall left academics for a nine year “sabbatical” to become the co-founder and President/CEO of Atlantic Behavioral Health Systems, headquartered in Raleigh, NC. Dr. Cornwall has received national awards for his work in curriculum development and teaching, and in 2013 he was named the National Entrepreneurship Educator of the Year by the United States Association of Small Business and Entrepreneurship. He has published ten books and numerous articles on entrepreneurship.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.4 out of 5
Student's Choice
16 reviews

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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