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always suggest that in any business relationship you design your divorce while you’re still in love. For those of you
with relationship experience, this pretty much speaks for itself. We’ve all been through painful break-ups, both
personal and professional, and we all know these are not times when people are at their most rational.
A few years ago, a woman I was working with on a business venture died unexpectedly. She’d left her piece of
our pie to her young boyfriend, who didn’t play well with others but had no desire to let go of his shares. He
inherited the business and we inherited him—and the entire team of first-rate Strategic Partners suffered for this one
rotten apple. Eventually, we finally agreed to our only viable exit, and that was to reluctantly sell the business.
Subsequent to that experience I have never gone into another business relationship without a right to purchase the
participation of a shareholder upon death or divorce.

Players to Be Named
A good team should have the following players:

1. Mentors who act as active coaches
2. Like-minded, supportive wealth builders and visionaries
3. Top-rate industry- or task-specific legal counsel
4. Accountants

5. Leading-edge, nontraditional financial experts, such as an IRA expert
Optimally, a good team should also have

1. A business broker who can scout out private placement, leveraged buyout, and franchise and licensing
opportunities
2. Various real estate players, including commercial and residential brokers, project scouts and managers,
contractors, builders, and developers
3. Others who know investment opportunities
If you own and run a business, your team will possibly need professionals in

1. Marketing
2. Publicity
3. Finance
4. Operations

5. Channels/distribution
And, of course, every team needs utility players to function as in-house management. These should consist of

1. Administrators
2. Assistants
3. Bookkeepers
4. Graphic designers
5. Writers
6. Financial analysts
7. Office managers
8. Computer support personnel
9. Technical advisors
10. Sales reps