Post
Topic
Board Economics
Re: Are business partners worth it.
by
Fara Chan
on 16/07/2024, 10:32:22 UTC
You might share the same vision with your business partner and along the line they adjust their vision to be slightly different from yours. They might start withdrawing their commitment, slack on fulfilling their responsibilities and lose communication with you. So then what do you do?
For business partners who are starting to become lazy in fulfilling their responsibilities and disappear without any communication with us, they must really be let go as long as we don't have any loss by letting them go. Because in this world there are many business partners who are more responsible and better so we can embrace them to be partners for a long time because we don't need to think about people who don't want to work with us anymore, making us waste more time chasing them again.

Quote
Humans are dynamic in nature. Their visions and ambitions can change anytime, I believe as a business person you should anticipate potential risk from any angle be it financially or your partner. Then have a thought out plan on how to adjust and run the business when a partner leaves before finding another one. 
New decisions and plans will always be there as long as we are still running our own business because other people also want to develop and we ourselves also want to develop so there is no need to waste time on just one partner if we can still move to find new partners who are willing to work together to mutually beneficial for a long time too.