Start on the Right Foot – 4 Steps for Establishing a Business Partnership
There are a variety of reasons why you may want to bring a partner onboard in your business. For some companies, it’s to raise capital, while for others it’s a necessary component of expanding their business.Whatever your reason for taking on a partner, it’s a decision that will change the future of your company. Partnering with the right people and engaging under terms you both find agreeable is one of the most significant challenges any entrepreneur will face in the business life-cycle.If you’re considering taking on a partner, read through these 4-steps to establishing your business partnership before you enter negotiations.Partnerships ExplainedAs partners in business, you are both exposed to the risks and the rewards. Ensure that you take a long-term view of the impact...
