Starting a business with someone

[Abelcairo43]

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.

 

[Hdre3m3n]

Starting a business with someone entails the ability of trust to an individual because doing a business with something new will cost something's very hard and therefore it's not bad to start a business with something .

 

[iamgroot]

You need to sign and agree to the terms and agreements with each other. That no matter what happens in your business, no one will be left behind. It is difficult when you have a partner and then when you have a business problem, only one person moves and makes a way to solve it.

 

[mubinadaddy]

If you have business ideas already in place and you lack capital in other to finance it and you have someone you can go in partnership with, first thing is to go into an agreement signed and stamped in court jurisdiction, before going for the company registration and process of producing the products.

 

[Abigael]

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

Starting a business with someone is a very advantageos option but you should be careful with who you start the business with. A wrong partner could be the reason why your business fails. One of the things to look at is professionalism of the partner. He should be someone who is competent enough to run the business. Then other personal skills such as integrity and good decision making should also be paramount.

 

[Ziki]

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?

This is a very critical point you mention here. Your ideas and goals must align. You must share similar plan for the business as well. Not the situation your partner is plan to invest the profit of your business in stock but you want to use it to expand. You must align

 

[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

 

[Kunkun]

Don't just go into business with someone because they are your friend, have a partner with same visions and goals that is as steadfast in the success of the business as you are and importantly make it legally binding

 

[Aricha josef]

First thing first is TRUST! This days,it is hard to trust even our blood talk more of others..If you can vouche for that person,I think you can go into partnership with him or her..There is a friend that sticketh better than a brother..

 

[DareIsrael]

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.

You are totally correct. Except if the business is very small, It is very important that you get legal document involve in this thing. Your goals and vision must align as partners as well. You must also align role for each other in the firm.

 

[SAFEMOON]

One of the biggest mistakes you can make when partnering is not sufficiently clarifying each other’s roles, boundaries, compensation, and exit strategies and then documenting them on paper. While it’s important to trust each other, it’s also important to ensure you are clearly on the same page before you start.

 

[Yaqoob Habib]

Spend time together and empower each other, dream bigger together make brain storming, be creative and always raise above any problems or barriers that appear in your path

Starting a business with someone is a great idea-not dose a business someone effectively halve the staggering amount of work that comes with forming a new company,but having a partner also means having someone to talk to and bounce ideas off of.

 

[Abdul Naveed]

Being employed doesn't stop you from starting your own business - in fact, there are many traders and single traders who are on the verge of falling into the trap of losing their paid job ۔ Their employer has decided to close the business or relocate it.

 

[zahidhussain]

this partner must be as dedicated as you are, you guys need to have the same drive, the partner must be honest and trustworthy

TO start a buisness with someone is good experience
if you start a buisness with someone you must knowledge about that person their experience their qualifications and their experiences. If you higher a business partner you also know about their honesty

 

[Maloney22]

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[Xerryl]

It's not always adviceable to start with family and friends. But if you are adamant to do that you guys need to hire the service of a litigator to put your partneship into a formal agreement while you both sign documents

 

[Thosynho]

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

Before going into partnership with anyone, it's always good to learn about the business and much about it. After this, you need to know the person you want to partner with understand and trust him too. When this is achieved, you are good to go.

 

[Caali]

Yes of course you can start a business with no experience, in fact it just may work in your favour. Most often when I meet a business owner who is struggling, it is almost always because of the owner, the owner is the problem, not for a lack of experience in their chosen field but a lack of leadership in their business.

 

[Shahzaib37]

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

If you want to do it, it will be great. It will give you a lot of profit and it will make your business grow faster. It is better to take a stand if you have good business. If you think you businessman donw

 

[Muhammad hussain]

I think you can do partnership work with anyone, for that you have to have complete documents, you have time papers from the court.You can write all your writing and sign both the slaves and whatever deal has been done between you can do business.