Daymond John, to most people is a man of mystery to a degree. Everyone knows he founded the multi billion-dollar fashion brand Fubu and recognize him from ABC's hit show, Shark Tank.
Accounting professionals by nearly a 2-1 margin said in an online survey that their business clients don't do enough to ensure creditworthiness of customers, vendors and other potential transaction partners before they extend credit.
A business partner must be chosen with extreme care. No amount of due diligence is enough when entrusting someone with half your fortunes. Family, on the other hand, cannot be chosen. It seems odd, then, that the idea of a family business has always been so popular.