In Canada and elsewhere around the world, Indigenous Peoples are struggling to rebuild their "nations" and improve the socioeconomic circumstances of their people. Many see economic development as the key to success. Recognizing the challenges they face in attempting to compete in the global economy on their own terms, Indigenous people are increasingly developing enterprises in the form of "partnerships" of all types among themselves and with non-Indigenous enterprises. In this study, a preliminary investigation of the Kitsaki initiative of the Lac La Ronge Indian band, the authors: (1) explore several ventures involved in the partnership asking key operatives for their opinions about the factors that explain success and failure; (2) distill the explanations into as few, all-embracing factors as possible; (3) relate the findings to the emerging theory of Indigenous entrepreneurship, with particular reference to the suggested paradigm of Indigenous entrepreneurship developed by Hindle and Lansdowne (2002); and (4) project the results of the investigation into suggestions for a more structured program of future research. (Contains 6 tables, 3 figures, and 17 endnotes.)