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Author Topic: Are business partners worth it.  (Read 327 times)
slapper
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July 15, 2024, 02:20:43 PM
 #41

~snip~
Even business partners are very important for our business journey further to accept many opportunities, we see many extraordinary business people they partner with many other business people who make them grow bigger and develop much faster with partners in their business, of course we need to see more factors to consider and need to be an agreement because talking about partners we will talk about advantages and disadvantages and other risks, It is important for us to find the right people to make business partners, yes even though it is quite difficult but we need to understand deeply our partners who will become friends in our business journey, because if it is wrong it will be a very fatal thing in a business, they can stab us in the back or something else that endangers our business, therefore there needs to be a consequence agreement and see if that person has the proper competence to be a partner with our business.

Talking about business partners is not only about external parties that we will work with in different industries, such as shipping companies or distributors of our products or others, but employees are the closest business partners to help us grow our business, the more you understand this early then you will really understand why employee selection is very important in your business journey
Relationships are more than just numbers and handshakes. This basic dance of ego and ambition clashes with two facts. Need a friendship that will last? You need to look deeper. See what's going on in their eyes to understand their worries, wants, and morning motives. It is not about how strong they are or how long their resume is. That gut feeling and energy that you can't put into words when you connect. Are their values the same as yours? Do they understand the core and goal of your business?

Just think about a friendship. They must be someone you trust and respect, and you must be sure they won't sneak up on you. The truth is that some people do not follow the rules. Finish your work. Learn about the human beast. Finding someone who knows your goals and has skills that complement your own is important. For the most part, business is about the people who work there

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Lanatsa
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July 15, 2024, 02:47:52 PM
 #42

~snip~
Even business partners are very important for our business journey further to accept many opportunities, we see many extraordinary business people they partner with many other business people who make them grow bigger and develop much faster with partners in their business, of course we need to see more factors to consider and need to be an agreement because talking about partners we will talk about advantages and disadvantages and other risks, It is important for us to find the right people to make business partners, yes even though it is quite difficult but we need to understand deeply our partners who will become friends in our business journey, because if it is wrong it will be a very fatal thing in a business, they can stab us in the back or something else that endangers our business, therefore there needs to be a consequence agreement and see if that person has the proper competence to be a partner with our business.

Talking about business partners is not only about external parties that we will work with in different industries, such as shipping companies or distributors of our products or others, but employees are the closest business partners to help us grow our business, the more you understand this early then you will really understand why employee selection is very important in your business journey
Relationships are more than just numbers and handshakes. This basic dance of ego and ambition clashes with two facts. Need a friendship that will last? You need to look deeper. See what's going on in their eyes to understand their worries, wants, and morning motives. It is not about how strong they are or how long their resume is. That gut feeling and energy that you can't put into words when you connect. Are their values the same as yours? Do they understand the core and goal of your business?

Just think about a friendship. They must be someone you trust and respect, and you must be sure they won't sneak up on you. The truth is that some people do not follow the rules. Finish your work. Learn about the human beast. Finding someone who knows your goals and has skills that complement your own is important. For the most part, business is about the people who work there
Or simply having that harmony and having that in line interest and goals or perceptions towards things would really be that something crucial specially if we are really that dealing up with business partnerships.
Both is needed up to have that kind of hard work and good decision making. If there would really be those objections due to conflict of interest and ideas then it is really just that normal.
Try to assess on which one would really be that good or ideal or simply could give out that good effect but of course there's no assurance because in terms of risk then its always present.
But of me then as much as possible then i would really be that interested on being a sole proprietor or doesnt have that kind of partnership when it comes on running up a business.
I just dont really like that there would really be those conflicts and i dont like about that money or financial risks which would be causing up into deeper problems.

R


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July 15, 2024, 04:02:25 PM
 #43

~snip~
Even business partners are very important for our business journey further to accept many opportunities, we see many extraordinary business people they partner with many other business people who make them grow bigger and develop much faster with partners in their business, of course we need to see more factors to consider and need to be an agreement because talking about partners we will talk about advantages and disadvantages and other risks, It is important for us to find the right people to make business partners, yes even though it is quite difficult but we need to understand deeply our partners who will become friends in our business journey, because if it is wrong it will be a very fatal thing in a business, they can stab us in the back or something else that endangers our business, therefore there needs to be a consequence agreement and see if that person has the proper competence to be a partner with our business.

Talking about business partners is not only about external parties that we will work with in different industries, such as shipping companies or distributors of our products or others, but employees are the closest business partners to help us grow our business, the more you understand this early then you will really understand why employee selection is very important in your business journey
Relationships are more than just numbers and handshakes. This basic dance of ego and ambition clashes with two facts. Need a friendship that will last? You need to look deeper. See what's going on in their eyes to understand their worries, wants, and morning motives. It is not about how strong they are or how long their resume is. That gut feeling and energy that you can't put into words when you connect. Are their values the same as yours? Do they understand the core and goal of your business?

Just think about a friendship. They must be someone you trust and respect, and you must be sure they won't sneak up on you. The truth is that some people do not follow the rules. Finish your work. Learn about the human beast. Finding someone who knows your goals and has skills that complement your own is important. For the most part, business is about the people who work there
I think it's too complicated to talk that deep because the definition you put forward is like we are looking for a life partner, the problem is that if we have to understand that you will be made difficult, considering that human moods and egos are dynamic and especially talking about feelings it will be much crazier and it will be very difficult for us to recognize it, you will not focus on your business if you think about it.

Business partners should be simple on the goals and tasks that must be completed, when he has his competence it will be easy for you to achieve your goals, because all the consequences you can avoid through agreements or agreements in the contract and that will be the heart of your partnership, there you must be able to weigh the bad possibilities that will occur if it does not go according to your plan so that you are not at a disadvantage if your partner does not work according to his duties, speaking of goals I think you can explain with some paper for your partners to understand, and usually people who understand the business world will understand where they have to make decisions and move according to their respective duties.

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July 15, 2024, 06:58:07 PM
 #44

This is why I always advise people to involve an attorney on time. I agree that a partnership should be built in trust, but that trust shouldn't exclude the services of an attorney. Always protect yourself in whatever business you're doing. I'm not saying anything attorney removes every hurdle, but it makes it easier for you when trouble arises.
You can't completely avoid conflicts in partnership. Even if both parties want the same thing, the way they want that thing may differ and there may be a conflict.

This doesn't mean partnerships are not necessary, in fact, I believe they're very necessary. To me, the pros out powers the cons. You can't handle things on your own, you need support. Before going into a partnership, all details should be ironed out, and not be nonchalant or negligent about anything, even if the person is a family member or friend.

I don't think you should just copy and paste exactly what's on the site like that. In my opinion, you can just drop the link write what you want and ask your questions, but that's by the way.

R


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July 15, 2024, 07:14:05 PM
 #45

If an individual is capable to run a business by themself, then there is no need to bring in a partner because partners can actually complicate business and make a business not to survive in a long term.
If you work in tech, it is almost natural that you will have a business partner. Their term is a co-founder. So while you may be the CEO, your co-founder will be the CTO. You hold the CEO AND CTO position at once. Even when you want to raise funds for your business, you are going to be asked about this. This is what I have learned about the tech field and anyone who have observed this will know that they are mostly two.
Not just in tech but in any business, many business people have a business partner. It's not that they are not capable to run the business on their own but they believe on the saying that two or more is better than one. I'm familiar with the terms that you have given there but I know that they are not limited to that.

Even if the next position is lower than them, I still think that they are qualified to be called as partners and they still play a major role on the success of a business. Each has their own roles and each can be asked depending on what is needed but the CEO or the head of the company can always get asked first or last about it.

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July 15, 2024, 09:36:08 PM
 #46

Business partners will be a lot worth it if you end partnering a person that is smarter and wiser as you, or even better than you. You need a business partner that is not only capable to share its tools and resources, but also shares the common interests and objectives when seeing the future picture of your business. Someone who is also responsible to manage all things smoothly and hassle free, just like you. I can see a great venture will also lead to a successful business in the making, as long as trust and respect to each other will also be given high consideration.

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July 15, 2024, 10:18:20 PM
 #47


This pushed me to ask "Are Business Partners truly Worth it"??
Well to me having a business partner in a company can be sometimes shaky but still on still "so they say two heads are better off than one" Also having a business partner fills in this gap in the organization or company cost savings, emotional support, additional hands on desk, additional capital, and the many important aspects of it responsible can be shared.
Having a business partner will lead to new opportunities and ideas and also someone you can share your burden with
in order to make a business flourish and have another face, is when you expand your business by having another group that will ensure that you have achieve your motive in business, so therefore I believe that business have its way rudiments of been successful. Some having business partner is nice.

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July 15, 2024, 10:51:12 PM
 #48

if you want to have a business partner when your business is big then it is worth it but if you want to have a business partner when you want to start a business then it is not something that is worth it because you will only fight with your business partner.

Usually people who want to have a business partner are those who want their business to be easier to run, but you have to first look at the history or past of your business partner so that the possibility of future losses that you incur will be very minimal.


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July 15, 2024, 11:33:48 PM
 #49


This pushed me to ask "Are Business Partners truly Worth it"??
Well to me having a business partner in a company can be sometimes shaky but still on still "so they say two heads are better off than one" Also having a business partner fills in this gap in the organization or company cost savings, emotional support, additional hands on desk, additional capital, and the many important aspects of it responsible can be shared.
Having a business partner will lead to new opportunities and ideas and also someone you can share your burden with
in order to make a business flourish and have another face, is when you expand your business by having another group that will ensure that you have achieve your motive in business, so therefore I believe that business have its way rudiments of been successful. Some having business partner is nice.
A business must be created well and make sure the products we offer are very useful for consumers, because so far it has not been easy to get consumers without having to see the products we offer. The next step is to establish lots of relationships or communicate well with lots of new people. In this way, we can provide opportunities to get buyers. Not many businesses end in success. Only those who work hard and remain passionate about offering the products they sell will survive.

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July 15, 2024, 11:56:24 PM
 #50

if you want to have a business partner when your business is big then it is worth it but if you want to have a business partner when you want to start a business then it is not something that is worth it because you will only fight with your business partner.

Usually people who want to have a business partner are those who want their business to be easier to run, but you have to first look at the history or past of your business partner so that the possibility of future losses that you incur will be very minimal.
Most of the successful stories coming from Silicon Valley are partnerships, and that is because the thesis it is presented is often presented not alone but at least with another person, and when those people realize their idea could become a business they cannot really leave the other out, or they could risk a lawsuit before the company has any chance to succeed, so the decision is taken to proceed as a group and try to succeed this way, so a partnership on the early stages can be very valuable but only if you have a partner that sees eye to eye with you.
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July 16, 2024, 04:47:07 AM
 #51

You might share the same vision with your business partner and along the line they adjust their vision to be slightly different from yours. They might start withdrawing their commitment, slack on fulfilling their responsibilities and lose communication with you. So then what do you do?

Humans are dynamic in nature. Their visions and ambitions can change anytime, I believe as a business person you should anticipate potential risk from any angle be it financially or your partner. Then have a thought out plan on how to adjust and run the business when a partner leaves before finding another one. 
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July 16, 2024, 09:19:15 AM
 #52

It is worth it with a good reputable partner that has the same vision towards success and most importantly ready to commit. Before going into a partnership with any business irrespective of the nature and status, a proper legal agreement is necessary from both parties to avoid any future disagreement that may likely arise.
Partnership helps some business to boost their awareness and recognition in a high competitive environment, partnering with an established and recognize business will give an upcoming business the spotlight and recognition it required to succeed, but sometimes there will be misunderstanding and disagreement along the line, reason why a strong legal agreement is needed to avoid unnecessary contract bridge.

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July 16, 2024, 09:29:21 AM
 #53

Having a business partner can bring lots of benefits. Partners can contribute complementary skills, experiences, & expertise enhancing the overall knowledge base of the business. They can share the workload allowing for a more balanced & efficient division of tasks. Having a partner can provide emotional support & motivation during challenging times, reducing stress & increasing resilience. They can bring capital to the table that you possibly can’t raise on your own.

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July 16, 2024, 10:32:22 AM
 #54

You might share the same vision with your business partner and along the line they adjust their vision to be slightly different from yours. They might start withdrawing their commitment, slack on fulfilling their responsibilities and lose communication with you. So then what do you do?
For business partners who are starting to become lazy in fulfilling their responsibilities and disappear without any communication with us, they must really be let go as long as we don't have any loss by letting them go. Because in this world there are many business partners who are more responsible and better so we can embrace them to be partners for a long time because we don't need to think about people who don't want to work with us anymore, making us waste more time chasing them again.

Quote
Humans are dynamic in nature. Their visions and ambitions can change anytime, I believe as a business person you should anticipate potential risk from any angle be it financially or your partner. Then have a thought out plan on how to adjust and run the business when a partner leaves before finding another one. 
New decisions and plans will always be there as long as we are still running our own business because other people also want to develop and we ourselves also want to develop so there is no need to waste time on just one partner if we can still move to find new partners who are willing to work together to mutually beneficial for a long time too.

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July 16, 2024, 11:40:54 AM
 #55

"If you want to go faster, go alone, but if you want to go further, then go together" is the most appropriate proverb for this matter. Because even though in partnering with other people you may encounter various problems, if you want to build your business bigger and better, then you need partners with other people who have different capabilities and a wider network - By taking advantage of what they have, you can expand your business and develop things that you couldn't do before. Just look, big businesses globally were built in partnership with other parties, not a single business was built by just one individual. And from that we can see that partner business is very worth it.

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July 16, 2024, 07:53:10 PM
 #56

Business partners will be a lot worth it if you end partnering a person that is smarter and wiser as you, or even better than you. You need a business partner that is not only capable to share its tools and resources, but also shares the common interests and objectives when seeing the future picture of your business. Someone who is also responsible to manage all things smoothly and hassle free, just like you. I can see a great venture will also lead to a successful business in the making, as long as trust and respect to each other will also be given high consideration.

Due to the fact that two heads are always better than one, having partners in business lowers startup costs and allows for labor decisions. Additionally, there will be a change in how the firm is operated when you join with other people, Consider businesses like Google and Facebook. These were founded by groups, and you can see how far they have come as a result of teamwork. Above and above their expectations can be built with the aid of brains. and that is why when you have friends you should but see what you guys can put together. Because am sure that most of all this businesses were ideas from people and now it have become actual projects, it’s an encouragement because the more we have ideas the more we make more money that’s what ideas can bring to the table.

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July 16, 2024, 07:59:17 PM
 #57

Having a business partner can bring lots of benefits. Partners can contribute complementary skills, experiences, & expertise enhancing the overall knowledge base of the business. They can share the workload allowing for a more balanced & efficient division of tasks. Having a partner can provide emotional support & motivation during challenging times, reducing stress & increasing resilience. They can bring capital to the table that you possibly can’t raise on your own.
While it can be advantageous, being with a business partner creates also a disadvantage. There is shared liability where even if your partner only creates that mess and losses, still you are responsible to find a solution to that. So the stress and pressure will certainly increase if you end up partnering with a wrong person not fit for that kind of business you are dealing with.

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July 16, 2024, 08:15:48 PM
 #58

Having a business partner can bring lots of benefits. Partners can contribute complementary skills, experiences, & expertise enhancing the overall knowledge base of the business. They can share the workload allowing for a more balanced & efficient division of tasks. Having a partner can provide emotional support & motivation during challenging times, reducing stress & increasing resilience. They can bring capital to the table that you possibly can’t raise on your own.
While it can be advantageous, being with a business partner creates also a disadvantage. There is shared liability where even if your partner only creates that mess and losses, still you are responsible to find a solution to that. So the stress and pressure will certainly increase if you end up partnering with a wrong person not fit for that kind of business you are dealing with.
Yes, its one of the hassles on having a partner in business on which you could be possibly having those potential problems on which it do involves about mishandling or mismanagement or bad decisions made taken towards the business, but since both of you are investors then both of you does have that right on what are the things that should really be ran off on the business. This is why it would really be that too hassle specially if both sides
are having conflicts in interest and having that kind of argumentation or totally having that kind of opposition. On the moment that both things do happen then it would really be giving out that kind of conflict on which it would be causing up some potential damage or effect into that business. This is why as much as can do on building up a business then it would be best that you should be a sole proprietor.

There would really be no hassle and there would really be no kind of conflict or simply the stress that you could really be able to feel out on the moment that you would really be finding yourself
with having a partner specially on a business on which financial decisions and management would really be something that could bring out those kind of potential problems on which you could
really be able to encounter with a partner.Whereas, it wont be hassle that much when going up solo.

R


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July 16, 2024, 08:27:36 PM
 #59

Business partners will be a lot worth it if you end partnering a person that is smarter and wiser as you, or even better than you. You need a business partner that is not only capable to share its tools and resources, but also shares the common interests and objectives when seeing the future picture of your business. Someone who is also responsible to manage all things smoothly and hassle free, just like you. I can see a great venture will also lead to a successful business in the making, as long as trust and respect to each other will also be given high consideration.

Due to the fact that two heads are always better than one, having partners in business lowers startup costs and allows for labor decisions. Additionally, there will be a change in how the firm is operated when you join with other people, Consider businesses like Google and Facebook. These were founded by groups, and you can see how far they have come as a result of teamwork. Above and above their expectations can be built with the aid of brains. and that is why when you have friends you should but see what you guys can put together. Because am sure that most of all this businesses were ideas from people and now it have become actual projects, it’s an encouragement because the more we have ideas the more we make more money that’s what ideas can bring to the table.

Teamwork generally helps people reach their goals more easily. The thing to consider is that the people in the team must have the same vision. If people with different goals and thoughts come together and try to realize one person's idea, different opinions may emerge after a while. In order to avoid such negativity, everything should be clear at the beginning and all ideas should be expressed.

Sharing ideas and stating goals reveals the team's capacity. While moving towards goals, it is important to determine many things and move in that direction.

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Today at 09:27:02 AM
 #60

in order to make a business flourish and have another face, is when you expand your business by having another group that will ensure that you have achieve your motive in business, so therefore I believe that business have its way rudiments of been successful. Some having business partner is nice.

You are right in terms of expansion of business is very important to have some capable business oriented persons to watch and help you managed the business properly because it will certainly be very difficult for business owner to have a diverts branches of business and still expect to be running all the businesses by himself, however in the case of partnership is sometimes good and sometimes bad because no matter anything human will always behave as a human and is unfortunate most of them abuse privileges given to them because I have actually venture into business partnership and it was a very bad experience I get from my partner, so sometimes the best way is just to employ people to handle it for you while you pay them in return.

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