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Business strategy
Disadvantages of partnership.
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[QUOTE="Kendy, post: 215725, member: 63869"] To every decision in business to either engage in partnership or operate on a sole proprietorship, there would always be advantages and disadvantages as well. The major disadvantage in partnership is when both parties do not align or agree with the vision and mission and when this is not adding up, such business can never thrive no matter the available funding. It is pertinent that in any business venture, the both parties should always come to terms and agreement which would strengthen the bond and help the business thrive. The business of partnership demands one mindedness and complete loyalty on both parties. I have engaged in the business of partnership and I would not recommend or suggest it for anyone who hopes to having a sustainable business. The greater reason I had engaged in partnership was due to limited funds at my perusal and this made me partner with an individual whom I believed we had shared goals but I realized I was wrong this is because I noticed that inasmuch as we both were taking the risks and challenges but when it comes to the financial aspect, there would always be shortage of more than 20% and I realized I was cheated all along. [/QUOTE]
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