The Owner Agreement - Sustaining Business Profitability

The owner agreement – that understanding between multiple owners of a business – is the fabric of the business and is the basis of how the business may be sustained. This owner agreement fabric has many threads consisting of the communications between the owners. These communications, including oral, written, and experiential, are woven together to support the decision-making to operate and sustain the business. There are not many businesses that can sustain long-term operation where there is conflict among the owners.