Sharing a business secret with a partner

[Etini Willie]

It depends on the stage that the partnership is. If the business was set together with the partner from ideation stage and the partner is is trustworthy, there is no fuss telling him or her about business ideas

 

[Starmix]

If you already knew about the attitude of your business partner as can be trusted, why not share the business secret? But never share all because humans are easily tempted. There is no assurance of his honesty.

 

[cherry123]

I think this heavily depends on what the secret is all about If it is nothing out of place I think there's no hatm in that but if not then guard it jealously

 

[fcbetting]

Do you mean with partner in relationship or with business partner? With business partner you should not have secrets since he/she will find out this with revision and then he can sue you.

 

[capri]

If revealing the business secret in question is not critical to the success of a partnership, a person should not disclose the same to a partner.
It is sometimes necessary to keep certain things to oneself.

 

[Heatman]

Will it be good to share a business secret with a partner. You know humans can't be trusted but being a partner will be wise to do this?

As long as it is a business secret that is going to help your partnership in terms of growing your business, I don't see any reason why you shouldn't share it.

 

[cherry123]

That's right it should be the one that will help with the growth of the business. When it is to the good ot the business then it is allowed then

 

[eldavis]

Like every other thing, if the partner has proven to deserve the trust, you can share your business secret with him or her. Emphasis on proven to deserve trust.

Well said, cause to be honest, these days it can be pretty hard to actually find someone you can fully trust when it comes to going into partnership with them. So until you are certain they can be trusted before you start telling them things.

 

[Stardom22]

I

It depends on the stage that the partnership is. If the business was set together with the partner from ideation stage and the partner is is trustworthy, there is no fuss telling him or her about business ideas

I think you are very right on that my friend. A very trustworthy partner you can know of not longer when you get started with the running of the business.

 

[cherry123]

The thing is that it pretty difficult to trust people and even to find someone you can fully trust when it comes to going into partnership. So it is to be careful with business secret

 

[Stardom22]

Well said, cause to be honest, these days it can be pretty hard to actually find someone you can fully trust when it comes to going into partnership with them. So until you are certain they can be trusted before you start telling them things.

For me I think it depends on the context of the matter. For a business partner that you had started the business with so many years ago and the business still thrives up to now, there is no reason for hiding the secrets of the business.

 

[Heatman]

You are right. A partner who is fully involved in your business deserves to know your business secrets because she is a stakeholder. You don't expose business secrets to a partner who is not committed to the business.

Yeah, that's exactly how I see it. If don't keep a business partner who's committed in the loop, it's going to affect the business.

 

[Authenticity101]

It depends on what the business secret. If you signed an NDA with a company, then you won't disclose the secret to anyone, even those closest to you. But if it is your own secret that makes your company succeed, it is up to you to share and with who.

 

[fcbetting]

If you want share business secret with you wife then you check contract first. Maybe they will talk later with other people about it and then you can be accused for leaking business decisions.

 

[IB D]

A business secret being shared is up to the discretion of the entrepreneur. There are cases where people share business secrets with their partners and the partners effect a split and use the same secret to compete with you. You have to be careful the partner you are sharing business secrets with.

 

[cherry123]

One don't need to fear with a business partner of many years. Especially one that you had started the business with there is no reason for hiding the secrets of the business from the person

 

[eldavis]

Because they are your partners does not mean you can trust them completely. Most of these major companies today do share their secret with their partners but not everything .

 

[cherry123]

Sharing business should be with a trusted person. You have to be careful the partner you are sharing business secrets with. A lot of people can be deceptive even as a business partner

 

[King Belieal]

Business secrets are even shared between some employees. You would have to study the personality of a partner before sharing business secrets with them.