Post
Topic
Board Economics
Re: Are business partners worth it.
by
bitgolden
on 19/07/2024, 06:26:02 UTC
in order to make a business flourish and have another face, is when you expand your business by having another group that will ensure that you have achieve your motive in business, so therefore I believe that business have its way rudiments of been successful. Some having business partner is nice.
You are right in terms of expansion of business is very important to have some capable business oriented persons to watch and help you managed the business properly because it will certainly be very difficult for business owner to have a diverts branches of business and still expect to be running all the businesses by himself, however in the case of partnership is sometimes good and sometimes bad because no matter anything human will always behave as a human and is unfortunate most of them abuse privileges given to them because I have actually venture into business partnership and it was a very bad experience I get from my partner, so sometimes the best way is just to employ people to handle it for you while you pay them in return.
This is true, most commonly when people have a restaurant business that is successful, they put out some sort of rules and regulations but then hire franchisees and they end up letting others open up franchises at other places.

Look at McDonalds, they can't manage thousands of stores all around the world, it is just not possible at all and would not happen, and yet they still end up with some good results on the long run, hence we should not really end up making any mistakes about it neither. I get that it is going to be a little bit troubling, but it will work out in the end and should be possible to make it work. I know that it is going to cause a lot of trouble for a lot of people to ignore what consultants would say too, so they should keep listening.

Basically, if you are a rich person, you should delegate your work as much as possible, that way you are going to end up with doing a lot better and the result will not be that troubling at all. However, that doesn't mean that do not look at what others are doing, in order to make sure that it all looks good, we should be considering to check what these people we hire or work with are doing, and if they are doing a bad job then replace them with others.