Partnership vs One man business: Which is better?

[Niyi Briggs]

Which of the forms of business do you think is easier to start up, run and manage. Partnership is a business that two people come together to set up. One-man business is a kind of business that a single person sets it up and run.

Which is easier to start and manage.

 

[Shavkat]

I prefer to have a solo in a business without any partnerships. It is best not to deal with lots of people in one business.

 

[Reedex]

One-man business is far better because partnership business does not always work in the end due to conflict between the partners.

 

[Niyi Briggs]

One-man business is far better because partnership business does not always work in the end due to conflict between the partners.

That's the problem we always have in Africa. So many businesses would have been large conglomerates by now but they can't because of this one man mindset.

 

[Ebutech]

For me I prefer one man business, you would take it more serious compared to partnership, and it would be worst if the people in partnership don't understand their selves very well

Which of the forms of business do you think is easier to start up, run and manage. Partnership is a business that two people come together to set up. One-man business is a kind of business that a single person sets it up and run.

Which is easier to start and manage.

 

[flower]

There is nothing wrong in partnership business if there is a solid agreement on ground but I would personally prefer sole proprietorship.

 

[uptrendfinancialsignal]

There is nothing wrong in partnership business if there is a solid agreement on ground but I would personally prefer sole proprietorship.

It is true that they should be solid agreement before you can engage in a partnership business.

 

[Reedex]

Partnership is a very good business that you will always want to try but you must understand critically the partnership deed before involving in it .

 

[Bisolami]

I prefer to have a solo in a business without any partnerships. It is best not to deal with lots of people in one business.

I also prefer to have a solo business. I do not like to do anything like partnership business.

 

[Springtime]

One-man business is easier to start and manage for sure. You take control on how to run your business and you get all the profits made. That said, you also take the risk of losing all your investment if your business is making a loss. The benefits of partnership is that you can get additional funding for your business. Your partner may also contribute his/her knowledge and experience to the business.

 

[eldavis]

It mainly depends on you and the kind of business you are about going into. If it's a small scale business, then there might be no need for going into partnership with another.

 

[IB D]

It doesn't matter if it is a small business or not. What if one person cannot raise the capital required to start that small business. Partnership business is good because it allows for collective creativity.

 

[Etini Willie]

I am running a partnership business at the moment. It has its advantages and disadvantages. But one thing that I like about partnership is that it affords you to examine things from a different perspective to pick the one that is best for the business.

 

[Passiveearner]

This all depends on the circumstances of business. The fact of the matter remains that sometimes partnership business could be much better as some partners may have much better experience running the business.

 

[SHAHID987]

I have seen some practical negative results of failure of partnership business in my close relatives so I myself started my own business and avoided partnership business due to prevent future conflicts.

 

[aovurevu]

Which of the forms of business do you think is easier to start up, run and manage. Partnership is a business that two people come together to set up. One-man business is a kind of business that a single person sets it up and run.

Which is easier to start and manage.

A partnership business is more easier to start especially for someone still struggling to raise funds to start up his own business. Having a partner before even starting your business make it easier to set up as just one person might easily give up during the process due to lack of motivation.

 

[Niyi Briggs]

Partnership businesses easily make entrepreneurial dreams come true and it should be encouraged among young people. It takes as shorter time for two or more persons to raise money to start a business.

 

[Abdul01]

I have seen some practical negative results of failure of partnership business in my close relatives so I myself started my own business and avoided partnership business due to prevent future conflicts.

Well, you actually have reasons to start up your own business in which you think you are capable of managing it all by yourself and since you have the fund required then you are good to go.

 

[Semi]

As for me, I love my peace of mind. Partnership business has a tendency of damaging relationships. I can't trust anyone to do business with. I prefer to run my business by myself bit by bit.