Business partnership for beginners

[Starmix]

As a beginner it's an advantage to have a business partner, to have someone to talk to about business planning and what to do with the plans. However, choose only a partner you're comfortable with and having the same business mindset. If you feel you need a business partner, you must have a prepared Memorandum of Understanding.

 

[Springtime]

If you would like to get a partner for your business, make sure you share the same value and aspirations with him/her. Talk in detail about how to manage the company together. This may involve division of labor. Last but not least, sign a written agreement about your cooperation.

 

[Ratine]

For me it all depends on the type of the business that you ought to start. For instance most people including me like to start business on my own to prevent the conflict that arises from the business partners.

 

[nomad]

I am in favor of partnership business. When you go into partnership, you can bring in more money for your business, you can bring in expertise form your partners, and also bear the risk

 

[Starmix]

It's something wise to have a business partner. There's someone who can help us solve an immediate problems. In case of losses, each one could share to recover so they can begin again cautiously.

 

[timewo]

Having a powerful and well connected business partner can make a person very rich. An indore cheater housewife faked ownership of my online business, bank account for more than 14 years, to get government salary because she had a business partner who is very powerful.

 

[Starmix]

For those new in business, they will be encouraged to have partners to have someone to talk to about improvements and problems that need solutions, rather than alone and lonely.

 

[eldavis]

Yes having a partner would definitely make things a lot more easier, but I feel it also depends on the kind of business you are going into. For now though I am not ready to go into partnership with anyone just yet.

 

[Starmix]

It depends on the person, the business operator if he wants a business partner. If the business is big, partners are necessary to have support financial and moral. It will be hard if manage the business alone despite having workers.

 

[Fidelia]

It is good to have a business partner that can guide you but I don't advise starting out entrepreneurs to have financial partners for their business ideas just yet.

 

[Starmix]

It all depends on the decision of the person if want partnership or solo business. If he can make it solo then he can proceed.

 

[King Belieal]

The few times I tried to enter partnership in my business, I got my hands burnt. I won't partner with anyone because I have my own business vision.

 

[Starmix]

As of this moment, I do not need a business partner My two staff are credible partners and they deserve an increase.

 

[Min George]

A business partner would bring more capital to your business. But it is only if you have a reasonable business partner.

 

[Niyi Briggs]

The thing is that I would want a partnership with a legal framework and structure. Maybe equity financing would be my forte.

 

[Etini Willie]

When you want to strike a business partnership, you have to be sure that you are on the same viewpoint so that it would work well.

 

[Starmix]

Hiring a business partner also depends on your capital and the kind of business you will explore.

 

[Shavkat]

If I am going to have a business, I still prefer sole proprietorship. In this way, I do not need an approval from others what to do with my own business.

 

[Starmix]

That's what I am doing. I do my business solo. I feel comfortable without a business partner that may blab and blab.