5 Things Entrepreneurs Should Know About Business Partners

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If you're looking for a partner for a franchise, you can register and post for a partner for free on www.FindFranchisePartners.com

Kerry of FL 4:02PM April 24, 2013

I need to know about business

worku of AL 2:06AM February 15, 2013

Two heads are often better than one. The right partnership can bring resources, funding, creativity, motivation and much more. I also agree you should “date” before formalizing the partnership. Just as important as “dating” is good partnership agreement. You can find partners online at www.PartnersInDemand.com.

Find Business Partners of KY 9:33PM May 30, 2012

To find a business partner, you may want to consider using PartnersInDemand.com. The site uses an auto-matching system to help entrepreneurs and businesses find the right partner or business opportunity. Before partnering with anyone, it is recommended to get a legal business agreement outlining all areas of the partnership.

Vic of CA 5:29PM October 08, 2011

I say why not? Look, don't jump into an agreement if you can't trust the other person to work hard. If you are starting a small business or plan on working with someone close to you in some other fashion, know the person. I feel like if you could make something like this work there could be huge advantages. Life isn't easy nor is business. Take a step of faith with a breath of good judgement, balance your risk and make it work. It shouldn't be too hard finding someone willing to get out of bed and work. Life is work. You have Heaven to catch your breath.

P of GA 4:09PM March 23, 2011

I think Partnership with friends and or relatives is not a bad idea. For some people, it could be the root cause of a broken relationships, and for others, it can be the beginning of their living a comfortable life. It really depends on whom you happen to be in partnership with. Expect bad results to happen if you got involved with partners who by nature are having these kinds of characters, like being greedy, lazy, backbiter, know it all, nobody can dictate, nor suggest ideas, I'm above anyone else, I should get the highest salary and bonuses, just to name a few,. but different result happens when partners should just have this character "RESPECT".

Jose Antonio of CA 11:56AM February 09, 2009

I have started several business with so called friends of many years. And all of them cost me a more money then you realize. All of them great ventures each a speciality but the other side want to run the whole show. And it hurt when they took my money an ran. I would never recommend going into business with a friend. Unless you want to lose money and friends.

B. Dalton of FL 10:17PM November 25, 2008

While I realize many have succeeded in partnering with friends and family, why risk it? I've gone into business with both and the result has been the same in both instances. When one person does more work than the other, resentment builds. Am I getting paid equal to the value I bring this venture? Should I take controlling interest based on this value?
Even with the best intentions, these partnership ultimately can prove to be challenging and even destructive. I'd rather keep my relationships strong and separate that from my professional life.
http://www.smallbizpost.com

Sparky of CA 1:47AM September 20, 2008

Hi Bill,
Thought you find this article interesting on finding a business partner.

Carl Finamore of CO 5:54PM May 07, 2008

I'm happy to provide additional commentary on the ways to establish lasting partnerships with family members (having done it/lived it) and with third parties, too (also having done that/lived that). We just virtualized our company, too, such that we are partners but located in different cities and this brings all sorts of dynamics and communication requirements to the fore.

Rich Sloan of CA 12:52PM May 07, 2008