Business -Partnership business is one of the most common business models across the globe.
Doing business in partnership enables parties to share responsibilities and, this, makes it easier to solve outstanding challenges.
A business model of a sole entrepreneur can be morphed into a partnership when the owner deems it fit to do so.
Reasons that could press the owner to look for more investors could be lack of enough capital as well as desire to grow.
However, there has never been a free lunch. Anything good comes with its fair share of challanges. In the case of partnership, there are infights that arise due to difference in leadership styles, culture and reasoning abilities.
At times, owners could lack trust to each other; and last but not least, in case of downturns and lack losses, some partners may not stay around during the dry seasons.
Enter into partnership only if you are ready to compromise other persons weaknesses because everyone is weak in one way or the other.
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