Sooner or later, they discover the hard way that what's left unsaid or unplanned often leads to unmet expectations, anger and frustration -- and perhaps a realization they weren't such a perfect fit after all.
"It's important to recognize that even if you know someone in a personal context, you may not know them in a business context," says David Gage, founder of BMC Associates, an Arlington, Va., business-mediation firm. Mr. Gage is also author of "The Partnership Charter," a book that lays out the due diligence and planning process for prospective business partners.
By KELLY K. SPORS
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