Starting a business with someone

[Wolext]

Legal agreement is very important , then you need to have a common goal ,objective and focus .Then go into mutual agreement how the capital will be shared , how income will be shared , who to be I charge from time to time and when in a month or years

 

[Jeremiah Trump]

Starting a business with someone is a difficult task. The tips are:you have to study the person very well, spending time together and empower each other,the person must the experience in doing business business, the person most be ready to dedicate his or her time on the business.

 

[Hamza1]

Firstly, you need to have a legal agreement. Both of you have trust on each other, are on same page. you need someone who is responsible and compitent. and most importantly he or she should have some experience of business

 

[Cynthiaice]

Starting a business with someone for me is not advisable except you know this person very well and your capital is 50 - 50. Then get a lawyer, let there be an agreement with both signatures

 

[Pattertwig21]

What are the tips you think I should employ if I would like to start a partnership with someone?

I think you got to know the rudiments of starting up the business, and your potential partner should be knowledgeable as well. You must learn what you can before venturing into business, and that you trust each other. Good luck to you both

 

[Abisola]

The advantage of going into business with a partner is being able to make the most of shared resources and complementary talents of others in a new enterprise. But going into business together is more than just two people with complementary talents "teaming up" to work together and there may be legal implications

 

[GIFTMICHAEL]

What are the tips you think I should employ if I would like to start a partnership with someone?

You have to sign an agreement with necessary documents that will strengthen your resolve and understanding to partner with someone else. Before two people can walk together to open a business or company as the case maybe you have to agree on something.

 

[Asad Ali]

I don't believe it is right to call it tips, but just the fundamental relationship criteria. Firstly, the faith is with wealth, not just with friendship. Recall that the color of money will destroy friendship. Secondly, you and anyone are the potential and power of all parties. Share of the company should not be equivalent if just one operates. Not to forget, the kind of enterprise needs to be in the box of your enthusiasm otherwise your interest will decrease later.

 

[nasiusman95]

The advantage of going into business with a partner is being able to make the most of shared resources and complementary talents of others in a new enterprise. But going into business together is more than just two people with complementary talents "teaming up" to work together and there may be legal implications.

 

[Samuel77]

According to my own point of view if you're about to start a partnership business with someone you must be sure that the person is trusted and also you have to know if this person is devotion to this business and his commitment to business

 

[Muhammad hussain]

I think you can start this business with anyone and you don't need this time. You can make an agreement with anyone.If you have a court agreement and work, it is not difficult for you to do business with anyone

 

[Irfan Aslam]

It's not right to name it tips, I guess, but just the main relationship criteria. First of all, confidence is not only friendship but wealth. Remember that the color of money can ruin friendship. Secondly, you and someone have the skills and capacities of both parties. If only one can work then the sharing of the company should not be equal. Not to forget, your passion should contain the type of business otherwise your interest might diminish later and the motivation will disappear.
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It's not right to name it tips, I guess, but just the main relationship criteria. First of all, confidence is not only friendship but wealth. Remember that the color of money can ruin friendship. Secondly, you and someone have the skills and capacities of both parties. If only one can work then the sharing of the company should not be equal. Not to forget, your passion should contain the type of business otherwise your interest might diminish later and the motivation will disappear.

 

[DareIsrael]

What are the tips you think I should employ if I would like to start a partnership with someone?

For a start, I think the first thing you need to check for is if your business dream aligns with your potential partner. You must share the same or similar value, goal, vision and mission. Another thing to look out for is your skills and knowledge. Do they complement each other?

 

[Irfanali]

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[Setfragil]

What are the tips you think I should employ if I would like to start a partnership with someone?

The tips you need to watchout for when partnering with someone is the past relationship that exists between both of you. If the person the person that you want to partner with is a trusted and reliable person you can go ahead to partner with him. Partnership is based on trust and love for each other.

 

[MercySmith]

One thing to pay attention to when going into business with someone is to have a definite definition of each other role in the business. You have to clearly define each other role. This also will make your staff or workers know who is in charge in certain area.

 

[Adeyoola7]

Before entering a business partnership, my top criterion is to ideally know someone for at least one year. (Some psychology and scientific studies say that people truly show who they are after one year.)

It’s like dating—you have to date before you get married. A business partnership is a marriage. So you need some short-term “dating projects” in business. Become good at reading people and back it up with references.

 

[Luckboy]

Partnerships can be wonderful, but also can become your worst nightmare. Use math to decide on the right partners. That's right, math. If one plus one equals two, that's not the right partnership for you. One plus one must equal three! A partnership must be more than the sum of its parts; otherwise, you'd just as well outsource different parts of your business.

You should also partner with someone who is better than you at certain things. Many times I’ve seen people’s egos prevent them from building great partnerships.

 

[Obasuyi Charles]

I think to start a business with a friend is not a bad thing if some things are satisfied, some of the things that must be critically considered is one you both having the same goal, or you must agree on a particular goal for the business then have a legal backup

 

[Kiwi]

Some people find it so difficult to run a business all on their own. If only one will function then the sharing of the business should not be equal. Not to forget, the kind of business should be inside the box of your passion otherwise your interest may wane later on and the motivation will vanish. Ensure that you get a legal backing and sign all necessary documents with your partner for future purposes.