I was reading about partnership business and I came across this article somewhere, we’ve all heard the horror stories about business partnerships gone wrong – disagreements, legal battles, and even, in extreme cases, assassinations.
It is not wrong to have a business partner at all because more hands on deck can bring something great in the end. But is not just about having a business partner it's about having one who is dedicated to the work aside from legally binding and other agreements. Sadly, you have to have a partner and at the end of the day, you will be the only one caring and spending time at the business to make it work. Before getting into a business with someone or a group of people. Always make it clear with your commitment and dont fail to asked for theirs, and lastly let there be consequences for anyone who is not committed. This is how things should work in my opinion to avoid disagreement, conflicts or cheating.
Even business partners are very important for our business journey further to accept many opportunities, we see many extraordinary business people they partner with many other business people who make them grow bigger and develop much faster with partners in their business, of course we need to see more factors to consider and need to be an agreement because talking about partners we will talk about advantages and disadvantages and other risks, It is important for us to find the right people to make business partners, yes even though it is quite difficult but we need to understand deeply our partners who will become friends in our business journey, because if it is wrong it will be a very fatal thing in a business, they can stab us in the back or something else that endangers our business, therefore there needs to be a consequence agreement and see if that person has the proper competence to be a partner with our business.
Talking about business partners is not only about external parties that we will work with in different industries, such as shipping companies or distributors of our products or others, but employees are the closest business partners to help us grow our business, the more you understand this early then you will really understand why employee selection is very important in your business journey