What are the challenges of partnership business

[cherry123]

Sometimes we want to go into partnership business because sometimes two good heads are better than one. But what are the challenges one might encounter in the course of doing this?

 

[Bisolami]

Sometimes we want to go into partnership business because sometimes two good heads are better than one. But what are the challenges one might encounter in the course of doing this?

The best challenge is consistency. While doing business with people, some people may be ghost workers while some are not and they will expect themselves to earn what the active worker is earning

 

[cherry123]

Yeah some partners might not be consistent with the agreement that was written now. it's good to have a faithful partner

 

[Bisolami]

Yeah some partners might not be consistent with the agreement that was written now. it's good to have a faithful partner

And some partners always likes to do things in dubious way. Some partners are not faithful and it will make the business to stop for a while because some people cannot cope with an unfaithful partner

 

[Shavkat]

Personally speaking, I do not like to have a partnership in business. The most challenging would be how are you going to persuade him or her to work harder than it should be.

 

[cherry123]

Personally speaking, I do not like to have a partnership in business. The most challenging would be how are you going to persuade him or her to work harder than it should be.

Well, it depends on the kind of partnership you would be having. if you have one that would only bring capital such a person wouldn't need to work

 

[Mikky]

When it come to partnership business there are a handful of challenges attached to it , some partners are not trustworthy and this can give birth to conspiracy which might later lead to betrayal either bloody or not, there can also be a problem when it comes to division of profit that is if the agree percentage was a fixed one initially.

 

[Hate2Wait]

I have never started a business so was never into any partnership with any person be it's from my family or friends or others but we need to see if the partner is reliable and trustworthy and if not then we need to do something about it or dissolve the partnership

 

[Suba]

Opinions, Traits and Personality do not match will often cause problems. There is no trust between business partners.

 

[Bisolami]

Same here. I would not like to have a partner in my business because I don't know what the other person is capable of

Personally speaking, I do not like to have a partnership in business. The most challenging would be how are you going to persuade him or her to work harder than it should be.

 

[cherry123]

Same here. I would not like to have a partner in my business because I don't know what the other person is capable of

But sometimes you just have to give the other person benefits of the doubt that they can be trusted.

 

[Bisolami]

But sometimes you just have to give the other person benefits of the doubt that they can be trusted.

That's true. Sometimes we don't trust the good people and we go along to trust the bad ones

 

[cherry123]

That's true. Sometimes we don't trust the good people and we go along to trust the bad ones

That's why sometimes it is good to trust our instincts when it alert on people attitude it is always who the person is.

 

[Mikky]

The instinct is capable of leading some one but it's not always accurate. So before partnering up with someone trust should be rooted in the relationship between the partners, that will go a long way reducing the challenges encountered in a partnership business.

 

[Bisolami]

That's why sometimes it is good to trust our instincts when it alert on people attitude it is always who the person is.

No matter how bad a lot of people are, there are some people that are still good and we can trust them

 

[Enxx]

As there are good in having a partner in business so is there disadvantages also and it varies. In having a partner in business, if the partner is someone that is greedy. He might look for a way to make all the company his own and can also harm the other partner

 

[Stardom22]

Some of the most challenges partnership businesses includes: internal dissensions among other the partners, constantly loss making on the business, among others

 

[eldavis]

One major problem when it comes to partnership form of business is the clash of ideas. I believe each partners have various ideas on how to grow the business, hence it is very easy for both ideas to clash most of the times.

 

[Bisolami]

As there are good in having a partner in business so is there disadvantages also and it varies. In having a partner in business, if the partner is someone that is greedy. He might look for a way to make all the company his own and can also harm the other partner

If you have a greedy partner you will not enjoy the business because the Greedy partner with one to acquire every wealth that comes out of the business

 

[cherry123]

No matter how bad a lot of people are, there are some people that are still good and we can trust them

That's always my joy that some people can still get trusted do I do trust them no matter what.