Are business partners worth it.

[Orpichukwu]

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

The type of business someone is going into will determine if they need a partner for that business or not. There are businesses that are just good to be handled by one person alone until they have upgraded to the level where the person will need external help. 
 
Having a business partner most times is mainly not just because of the money the person might be investing in the business, but most times the partner can also be because of the experience the person has in that field, which you necessarily need in order to take your business to the next level.

[kryptqnick]

I think it's good to have a strong partner, someone you can rely on. Diversity of opinions is good for generating better ideas and approaches, and doing everything on your own without anyone to back you up is very difficult. It's true that sometimes you can end up being betrayed and everything, but I believe that the advantages outweigh the risks.
I don't have trust issues and tend to end up with people who are alright and with whom I can cooperate, so having a partner is certainly something I'd go for. Unless you're self-employed, of course.

[GiftedMAN]

There was this movie I watched about two partners of one business. One of them has about 70% of the capital that was used to start the business, while the other person has only 30%. But they had some agreement that if there is any conflict in the future, only one person will continue the company, while the other person will be settled with an agreed percentage. 

This is really serious, for some one to contribute 70% capital in the business the person is the only of the business in real life because 70% is more than half of the money they was contributed by the other person who happens to be his business partner. In reality, I don't think someone who's bringing a bigger amount of capital to start up a business will involve in a legal agreement that involves settlement of one person of there arose a conflict amongst them rather the person will either choose to settle the person that brought in 30% then take over the business because he brought in a bigger amount that helped in the establishment of the business.

[doomloop]

There are indeed pros and cons with having a partner in your business, but I think it all depends on your character. You can't just decide with having a partner when you're the kind of person who readily blames other people for failures, for example.

It isn't also easy to have somebody else running the business with you when you are too much of a people pleaser or if you aren't assertive enough. Whenever you have something in mind which you think is the right thing to do, for example, but your partner is also very much convinced of his/her own strategy or approach, you might easily give in even if you're more or less sure that his/her way of doing things would end in a failure.

I agree with your points, it is true that if you run a business and you don't have your strategy, you also don't have control over your business, and then you will never become a successful businessman. If our partners in our business are wiser than us, it is not a bad thing to follow their advice, but it is also important that we should be well-informed because we may find that the next person's decision and strategy is right or wrong when we know and understand about this thing very well.

I've seen a lot of big businesses that hire one person just to give advice and one person who listens to everyone's advice and then gives his own opinion. If you are a salaried professional person then you can do all your work alone but if you are a big businessman then you can never run your whole business by yourself for that you need other people but most of all, more important is that you know how to deal with people and business well as you said the business may never succeed.

[Rockstarguy]

This push me to ask "Are Business Partners truely Worth it"??

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. A business partnership with an individual who is responsible and matured will be profitable because the other individual will know the importance of what you people are aimed together for and will work for the success of it. But if you become a partner with someone who is immature and has no sense of responsibility the business will surely not last due to break in partnership. Partnership can be the progress or downfall of a business.

Partnerships in business is good and it makes business easy to gain success,  this is only if you are with the right partner. Partnership is not just deciding to bring anyone to partner in a business with you, before taking this step their must be good understanding of the person you are about to partner with if the person has the qualities of what it takes for a business to grow or not, and it must also be a person that can be trusted. People regret so much for partnying with the wrong people. Partnying with the wrong people can kill a business faster and if you are with right person it can also help a business to grow very fast.

People should not be too fast going into partnership business but needs to first understand and weigh the person about to make a joint business with if it will be a good idea for the business or not.

[bakasabo]

Can you explain how to find that «right» partner? And how to avoid situation, when «right» partner, after a period of time, becomes wrong? I believe it is close to impossible to find a proper partner. Because as we all are individuals, with time, one persons point of view will start not to match other persons point of view, and once good partners will start to divide the business in half or destroy it. Sometimes people need months to understand that it was a mistake to make a partnership, sometimes it takes years to understand that you and your partner must follow different directions.

[Dr.Bitcoin_Strange]

There was this movie I watched about two partners of one business. One of them has about 70% of the capital that was used to start the business, while the other person has only 30%. But they had some agreement that if there is any conflict in the future, only one person will continue the company, while the other person will be settled with an agreed percentage. 

This is really serious, for some one to contribute 70% capital in the business the person is the only of the business in real life because 70% is more than half of the money they was contributed by the other person who happens to be his business partner. In reality, I don't think someone who's bringing a bigger amount of capital to start up a business will involve in a legal agreement that involves settlement of one person of there arose a conflict amongst them rather the person will either choose to settle the person that brought in 30% then take over the business because he brought in a bigger amount that helped in the establishment of the business.

Yes, you are right. It could happen like that, but it depends on the root where the business started and just what they agreed to before they made it legal. There's this existing bottle water company in my province. The business was once owned by two men, but at some point, the person who had more shares in the company left it for the other person. What happened was that the person with the business idea drafted the plans and had a better idea of how to grow the company, but he was lacking funding until he met a wealthy person who agreed to fund the idea, and years later they became a big company. Later, after some success was recorded, there came up conflict between their two, but all I can tell is that the man who had the idea of that company is now the director of the company, and the man who funded the idea with more than 60% of the capital  is not part of the company again. 

[GiftedMAN]

There was this movie I watched about two partners of one business. One of them has about 70% of the capital that was used to start the business, while the other person has only 30%. But they had some agreement that if there is any conflict in the future, only one person will continue the company, while the other person will be settled with an agreed percentage. 

This is really serious, for some one to contribute 70% capital in the business the person is the only of the business in real life because 70% is more than half of the money they was contributed by the other person who happens to be his business partner. In reality, I don't think someone who's bringing a bigger amount of capital to start up a business will involve in a legal agreement that involves settlement of one person of there arose a conflict amongst them rather the person will either choose to settle the person that brought in 30% then take over the business because he brought in a bigger amount that helped in the establishment of the business.

Yes, you are right. It could happen like that, but it depends on the root where the business started and just what they agreed to before they made it legal. There's this existing bottle water company in my province. The business was once owned by two men, but at some point, the person who had more shares in the company left it for the other person. What happened was that the person with the business idea drafted the plans and had a better idea of how to grow the company, but he was lacking funding until he met a wealthy person who agreed to fund the idea, and years later they became a big company. Later, after some success was recorded, there came up conflict between their two, but all I can tell is that the man who had the idea of that company is now the director of the company, and the man who funded the idea with more than 60% of the capital  is not part of the company again. 

Yes you are right. I think the agreement they made before making it legal would definitely be the reason why they will come up with a 60%-40% kind of business partnership. In this case where the person with the business idea later took over the ownership of the business, I would say it is total luck because nowadays it is very rare for you to see someone who is ready to finance someone with a good idea without stealing the idea and making the idea owner to become a servant because of lack of money. The best thing to do will always be to have a legal agreement before going into partnership with anyone in business I believe it will help to settle both parties when issues arises in future.

[iBaba]

The type of business someone is going into will determine if they need a partner for that business or not. There are businesses that are just good to be handled by one person alone until they have upgraded to the level where the person will need external help. 
 
Having a business partner most times is mainly not just because of the money the person might be investing in the business, but most times the partner can also be because of the experience the person has in that field, which you necessarily need in order to take your business to the next level.

Businesses most of the time do not require business partners at the initial stage of the business, it is when the business grows in numbers that the need to employ more hands as well as business partners do set in. So, I mostly like to align the need for business partnership to the expansion of the business and not the trade itself. Whether it's a product selling business or service rendering company, the need for partnership in every big business cannot be overemphasized and it is mostly directly proportional to the growth of the business, unless of course, it the business does not Harbour the right partnership in the first instance.

[dunfida]

There was this movie I watched about two partners of one business. One of them has about 70% of the capital that was used to start the business, while the other person has only 30%. But they had some agreement that if there is any conflict in the future, only one person will continue the company, while the other person will be settled with an agreed percentage. 

This is really serious, for some one to contribute 70% capital in the business the person is the only of the business in real life because 70% is more than half of the money they was contributed by the other person who happens to be his business partner. In reality, I don't think someone who's bringing a bigger amount of capital to start up a business will involve in a legal agreement that involves settlement of one person of there arose a conflict amongst them rather the person will either choose to settle the person that brought in 30% then take over the business because he brought in a bigger amount that helped in the establishment of the business.

Yes, you are right. It could happen like that, but it depends on the root where the business started and just what they agreed to before they made it legal. There's this existing bottle water company in my province. The business was once owned by two men, but at some point, the person who had more shares in the company left it for the other person. What happened was that the person with the business idea drafted the plans and had a better idea of how to grow the company, but he was lacking funding until he met a wealthy person who agreed to fund the idea, and years later they became a big company. Later, after some success was recorded, there came up conflict between their two, but all I can tell is that the man who had the idea of that company is now the director of the company, and the man who funded the idea with more than 60% of the capital  is not part of the company again. 

Yes you are right. I think the agreement they made before making it legal would definitely be the reason why they will come up with a 60%-40% kind of business partnership. In this case where the person with the business idea later took over the ownership of the business, I would say it is total luck because nowadays it is very rare for you to see someone who is ready to finance someone with a good idea without stealing the idea and making the idea owner to become a servant because of lack of money. The best thing to do will always be to have a legal agreement before going into partnership with anyone in business I believe it will help to settle both parties when issues arises in future.

We do know that when it comes to money then every person would really be a clever one and this is why it would really be that always preferred that everything should be notarized or simply having those legal documents about on the agreements that had been set and not really just that basing up with some verbal, on the moment or time that you do make out some partnership with other people. For me on which i would really be always preferred on being a sole proprietor rather than on having some partners not unless if the project or business to be made is something that needs up that huge capital, then i might really be having some reconsiderations
on taking up some partner but everything should really be that agreed on legal ways so that there would really be no kind of advantageous acts on which this is usually happening on partnerships.

It would really be having its cons and pros and it would really be that up to you whether you could really be able to bare up such risks or not. There are ones who would  be preferring this and that
but actually it would really be your choice in the end of the day. Just make it sure on choosing on what fits you or basing up into your financial conditions as well.

[shinratensei_]

the cons isn't really that huge of a problem so I think partnership is a win-win solution.

it's easy to bootstrap a project and make it successful by finding the right partnership, even speaking frankly talking from the point of view of someone that ventured around crypto projects these days, so many projects highly dependent on the networking through partnership with big venture capitals and investment labs.
most project right now if don't have partnership with those big guys, hardly can get listed into the exchange, so it's a good example of how important partnership is.

but if you're that kind of person who want to get all the profit for yourself, then partnership isn't for you.

[bestcoins1]

Businesses most of the time do not require business partners at the initial stage of the business, it is when the business grows in numbers that the need to employ more hands as well as business partners do set in. So, I mostly like to align the need for business partnership to the expansion of the business and not the trade itself. Whether it's a product selling business or service rendering company, the need for partnership in every big business cannot be overemphasized and it is mostly directly proportional to the growth of the business, unless of course, it the business does not Harbour the right partnership in the first instance.

What you say is very logical and quite reasonable for business matters because all business people must be aware of this so that they don't take the wrong steps when opening a new business. Because new business people usually have to focus more on sales and monthly income so that one day they can open branches and attract business partners who can benefit each other. Apart from that, when it comes to hiring other people as employees, the businessman himself must also pay attention because initially every businessman doesn't need to think about this as long as all the work can still be done by himself.

[bitgolden]

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.

This is true, most commonly when people have a restaurant business that is successful, they put out some sort of rules and regulations but then hire franchisees and they end up letting others open up franchises at other places.

Look at McDonalds, they can't manage thousands of stores all around the world, it is just not possible at all and would not happen, and yet they still end up with some good results on the long run, hence we should not really end up making any mistakes about it neither. I get that it is going to be a little bit troubling, but it will work out in the end and should be possible to make it work. I know that it is going to cause a lot of trouble for a lot of people to ignore what consultants would say too, so they should keep listening.

Basically, if you are a rich person, you should delegate your work as much as possible, that way you are going to end up with doing a lot better and the result will not be that troubling at all. However, that doesn't mean that do not look at what others are doing, in order to make sure that it all looks good, we should be considering to check what these people we hire or work with are doing, and if they are doing a bad job then replace them with others.

[justdimin]

I've seen a lot of big businesses that hire one person just to give advice and one person who listens to everyone's advice and then gives his own opinion. If you are a salaried professional person then you can do all your work alone but if you are a big businessman then you can never run your whole business by yourself for that you need other people but most of all, more important is that you know how to deal with people and business well as you said the business may never succeed.

Just like anything in life, there are benefits of it and there are troubles of it. The one of the most important one would be what type of person your partner is. If you find a good partner who is a good person then you should be okay, but most of the time companies have trouble because partners do not get along well.

When something like that happens, you realize that maybe having some trouble wasn't really a big deal and you should have done something different. I get that it may not be easy, but it can be done and I think it should be an important factor for many people. This could take a while, but if you do what you want to do and you do it yourself, then you will minimize the risk so I would suggest that as better approach if you can.

[maydna]

Having business partners are worth it especially if you don't have much capital to create the business. You can manage your business and developing together and earn more profit. But to invite some people to be your business partners needs to be careful because people can change when they see the profit from the business. They can be greedy and wants to posses the profit so that is why you must search business partners from someone or some people that you know for sure. That could helps you to prevents the bad things that can happens in your business and you will have the same goals with them so you can grow your business to be bigger than before.

[Lanatsa]

I've seen a lot of big businesses that hire one person just to give advice and one person who listens to everyone's advice and then gives his own opinion. If you are a salaried professional person then you can do all your work alone but if you are a big businessman then you can never run your whole business by yourself for that you need other people but most of all, more important is that you know how to deal with people and business well as you said the business may never succeed.

Just like anything in life, there are benefits of it and there are troubles of it. The one of the most important one would be what type of person your partner is. If you find a good partner who is a good person then you should be okay, but most of the time companies have trouble because partners do not get along well.

When something like that happens, you realize that maybe having some trouble wasn't really a big deal and you should have done something different. I get that it may not be easy, but it can be done and I think it should be an important factor for many people. This could take a while, but if you do what you want to do and you do it yourself, then you will minimize the risk so I would suggest that as better approach if you can.

Yes, it does have its pros and cons on which its important that you should really be needing up to look or consider on the moment that you would really be making up some considerations or actions. We do know that there would really be those times that we would be making up some bad decisions because we are being rushed or whatever condition you are and you had missed out the important details on which you do make yourself have done it earlier. For those who do have lacking capital just like on other people been saying above on which this is actually right then you would really be finding yourself having that kind of opportunity or option on finding some partners but the main question is, would you be able to easily do that? We do know that even finding partners locally or physically wont really be that easy.

There are really that plans or goals that we do have in mind which it doesnt really end up on being materialized just because we are really that missing out those capital or simply not that enough.
Lucky for you if it happens that you do have that sufficient capital since you could really be able to establish your own business or investment without hassling yourself on finding another
investor on which you would be needing up some funds to have that capital.

[bestcoins1]

Having business partners are worth it especially if you don't have much capital to create the business. You can manage your business and developing together and earn more profit. But to invite some people to be your business partners needs to be careful because people can change when they see the profit from the business. They can be greedy and wants to posses the profit so that is why you must search business partners from someone or some people that you know for sure. That could helps you to prevents the bad things that can happens in your business and you will have the same goals with them so you can grow your business to be bigger than before.

From your advice, it is actually clear that when looking for a work partner or business partner to be able to collaborate, of course you should not be careless because nowadays bad things still often happen to people who like to simply trust people they have just met. So there is some truth in what you say, that every businessman who is looking for a collaboration partner must be able to really get to know that person so that they can be kept a little away from bad things that might still happen when the business has started to develop well.

Because when it comes to doing business and developing it to become bigger, accuracy and caution is also required so that we don't make mistakes in making plans and steps that we will determine ourselves. Moreover, nowadays there are many competitors and rivals who are very unhappy when they see our business growing rapidly, which makes them continue to compete to surpass what we already have. Therefore, every businessman, apart from having to have competitive skills, must also be careful in recruiting cooperation partners so that the business can continue to run smoothly without any obstacles or interference from other competitors.

[CK485]

Having business partners are worth it especially if you don't have much capital to create the business. You can manage your business and developing together and earn more profit. But to invite some people to be your business partners needs to be careful because people can change when they see the profit from the business. They can be greedy and wants to posses the profit so that is why you must search business partners from someone or some people that you know for sure. That could helps you to prevents the bad things that can happens in your business and you will have the same goals with them so you can grow your business to be bigger than before.

It is indeed very important to have a business partner who matches the character we need, and that is the goal to achieve all things, the existence of a partnership is expected to be able to provide convenience and benefits for both parties, for the sake of business continuity because in running a business and developing it to become bigger, in choosing business partners need to be very careful in choosing people and the need to assess someone without being in a hurry and always considering it takes time because this concerns the business that will be managed and for the progress of the company by having partners,
especially those who have business experience because it can reduce risks, One of the main reasons for business failure is because the business owner has no experience in running a business, it seems that is something that must be considered.

[Webetcoins]

Depends on the partner and the business obviously. If it is a business that requires you to have a partner, and if it is a good partner you can do well with, then yeah of course.

Plus, the advantages of having a partner that is a good person is the fact that you could maybe like take a whole month off for vacation and business will be there when you get back. Whereas the benefits of being alone when you can't do all the job yourself, it is obvious that you are going to end up with something that will take some time and I believe that we could probably just see them make some changes. Partners are good, the key here is to find a partner that you will like, and as long as you find that then you are going to be fine about it and enjoy the job.

[mich]

Well yes it is good to have a business partner because you are both able to share the cost of operating and running a business. When it comes to decision making it's good to hear out other ideas and perspectives on what is best for the company and not one's greed.

Being able to have a business partner also has an advantage like your business partner having resources that you may need and vice versa. Another good thing about having a business partner is if you’re a young entrepreneur but don’t have enough experience then forming a partnership with someone that has experience is a great advantage.