Rules of the Road for a Healthy Business Partnership
A business partnership demands the same care and attention needed to nurture and grow a successful marriage. As with a marriage, you are well advised to get to know who you’re setting up shop with before committing to the deal. Partnerships are not appropriate for every business situation. The first rule of partnering – don’t partner unless there are good reasons to do so. A common misconception by newbies is that a partnership will lighten the workload and put them on easy street. Fact is, with more mouths to feed you might have to work even harder to meet any increased financial obligations. Read the full article.