MARKET AROUND YOU
Home Marketplace Community Resources Forums
How To Sell    About Ymart    Support Ymart    Help    Contact Us
Join Free
Back 
  Resources Categories
Small Business  
 
Resources
Avoid These 7 Partnership Killers
By
Tue, Oct 06, 2015, 07:56pm
In: Small Business - Start Up

From powerhouse financiers like Kohlberg Kravis Roberts to retailers like Baskin-Robbins to IT pioneers like Hewlett-Packard, business partnerships have been an important part of entrepreneurship and startup success. The reasons are simple: complementary skill sets, shared equipment or expenses, and the idea that one person with "hard" money capital can create synergy with the intellectual capital of another person so both can profit from their venture.

In theory, a partnership is a great way to start in business. In my experience, however, it's not always the best way for the typical entrepreneur to organize a business.

The tough thing about most partnerships is that they are just like marriages, and if you know anything about those statistics, you know half of all marriages don't survive. Making a marriage work involves handling a volatile mix of partnership issues: ego, money, stress, monthly overhead and day-to-day expenses. Throw in some employees you must manage, and you have a good idea of the work required to make a business partnership successful.

Read full article http://www.entrepreneur.com/article/196912




Discuss in Forum »
Home      |       Policies      |       Announcements      |       Advertise      |       Support Ymart      |       Contact Us
© Ymart. All Rights Reserved Web Design and Development by Superior Web Solutions