Nice points! Most of us don't aspire to have partners in our business, because many people cherish doing their business alone, because of the profit and benefits there, they prefer to have it alone. And people can be fair weather, they can betray at any point in time. It's good to know who to trust.
It's good if you are with a group to start a business as two heads are better than one....There are some people who don't really become as successful as they should be, because they are alone in their business, maybe that's their luck, but they may become successful if they team up with people and work with them, I think that's another luck too
To me I think owning your own business is far better than in partnership. This us due to the at times misunderstanding between you and your partner. Although there are a lot of risk involved but yet still is better to be your own boss. So I will like to own boss than to be in partnership.
Different strokes for different folks.....Some people may like to combine resources together with people to give them utmost results or profits. But if you can source for your resources or finances to start your personal business, I don't think you need anybody to partner with. However, the best thing is to do it alone
You made an important points. With trust among two business partners surely the business stays afloat. Trust takes business initiative high, no matter what. But its seen very few in this our modern day world. I've seen partnership business that has lasted more than 15 years due to trust, aso seen many that didn't last up to six months due to lack of trust.
Joint business has several advantages as it helps makes investment in the business more easier. When people combine their resources together in investment in a particular business inorder to make much more profits, they mostly make profits, especially if it's a reasonable business. But if you are not the type that likes such thing, it's better to do your thing alone.
Just like you said, there are many advantages of working together as partnership or even joint business. But the fact is that I am someone that likes privacy and doesn't know hos to complain if someone is underperforming and these cases are mostly happened especially in partnership business.
That's it. When we can not handle the bhsiness or there is dire need to choose a partner for effective monitoring and running of the business, one needs to becareful and even makes everything legal. This will save the partner from talking some inimical acts. And there should be memorandum of understanding and even clause in case one wants to part way.
You said the truth bro.... People can not be trusted this period of time, as people are fond of changing talk and attitude most often, they may turn out to be something else after sometime, that is why an agreement is the real deal. But even at agreement people can still change color like a chameleon, that is why the main thing is to have your own business.
Well said bro...But most people can't be trusted as they are either planning one thing or the other, that you are not aware of, which maybe detrimental to the business. I prefer doing stuffs alone too, because only few people left to be trusted nowadays. But i can give my childhood friend a shot because I Know what he can do.
Yes you are on point. but you also have to be very careful with your childhood friends because there are some that may sabotage you. I would prefer to call it with a family member or generally even someone I trust and someone who has the idea of running a business. There are also childhood friends that can be trusted.
