Hasan Raza
Mythical member
My dears I am going to start a small business and my two friends are saying me to do partnership with them. But I don't know what I say to them because I couldn't protest to them. So please guide me what I do now??
Register or log in to explore all our content and services for free on Admin Junkies.
First of all it depends upon the type of business which you are going to start, that if you are going to start a business in one place with different products, you can give space to your friends too. But if you are going to focus on a specific product, then I would suggest you to start a solo business. It would be better for you and your friends too.My dears I am going to start a small business and my two friends are saying me to do partnership with them. But I don't know what I say to them because I couldn't protest to them. So please guide me what I do now??
Good suggestions dear. Actually I am going to do multiple in a single shop like cosmetics, jewelry, baby garments, school and college uniform centre and sports items. So I also think to give space to my friends. Because they are trustable.First of all it depends upon the type of business which you are going to start, that if you are going to start a business in one place with different products, you can give space to your friends too. But if you are going to focus on a specific product, then I would suggest you to start a solo business. It would be better for you and your friends too.
Yeah definitely in partnership the capital problem solved easily. And you talk about decision making so my friends are like my brothers and they will never go against my decision. If i do partnership with them my capital problem really solved and i can do easily multiple products task.Sole proprietorship is good and so is partnership. They both have their advantages and disadvantages. With partnership the issue of insufficient capital is easily solved but decision making is the responsibility of the group of partners not one person. But with sole proprietorship, you can run your business anyhow you want. Just find out which one suits you best and go for it.
Of course then they should be given space in your business, because it would become tough for you also to manage so many products at once. So it would be a wise decision to involve them. Shop with multiple Products attracts the customers more, so it would give you some other advantages regarding to sales of products.Good suggestions dear. Actually I am going to do multiple in a single shop like cosmetics, jewelry, baby garments, school and college uniform centre and sports items. So I also think to give space to my friends. Because they are trustable.
[automerge]1611798672[/automerge]
Yeah definitely in partnership the capital problem solved easily. And you talk about decision making so my friends are like my brothers and they will never go against my decision. If i do partnership with them my capital problem really solved and i can do easily multiple products task.
I believe that a partnership business can grow more faster and better, because in this more than one mind is involved to think and work for business growth and progress. You can make partnership but only with hard working, honest and trustable people.My dears I am going to start a small business and my two friends are saying me to do partnership with them. But I don't know what I say to them because I couldn't protest to them. So please guide me what I do now??
Both as it advantage and it disadvantage , for me I will vote for sole proprietorship where I put in my capital have my profit toy self and bear the lose of the business myself I get to make decision that will profit my business without interference .
Log in or register to unlock full forum benefits!
As a webmaster community we provide fresh content on a daily basis. We aim to be the best admin and webmaster community around. Discuss various aspects, promote your project, and learn to be better by fellow webmasters. Browse through our Articles for helpful tips and tricks.
By registering with us, you'll be able to discuss, share and private message with other members of our community.