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Why business partnerships don’t work out?
Why business partnernersips fail?
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3 Replies
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Working with someone you cannot trust is the number one thing I have found.
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Many business partnerships start out great. However, ego and powertrip gets in the way and the partners end up hating each other. Just like marriage.
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Whenever you enter into a business partnership make sure you have a written agreement and contract. Make sure you have an exit agreement and buyout clause. The main reason why business partnerships don’t work out is due to greed, ego, and arrogance.