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  • hzy2 replied to the topic Partnership characteristics in the forum Business 101 6 years, 5 months ago

    Yes, I would definitely consider doing a partnership in the future. Partnerships are a great way to do business when you have family members or friends that you want to work with. It comes with many benefits including not having to carry all the financial risks associated with businesses by yourself. The risk is shared among the partners in a partnership. You have to work alongside your partner to minimize these risks and increase the earnings so that both of you can benefit from it. It is important to choose partners that have the same vision and work ethic as you do from the beginning to avoid problems in the future. Disagreements can happen in a partnership just like in any other type of relationship but as long as the partners can sit down and talk through the issues in a civilized manner and come to a mutual agreement then it shouldn’t be a big deal. Mutual trust is very important so you should really know the person you will work with before you sign any papers.