The Buddy System

Tags:
Business Structures,
Edward Lowe Foundation,
Finance,
Partners,
Partnership
Source:
Edward Lowe Foundation

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Overview: It has been admitted that partnerships are never smooth sailing, but managed properly, they can give entrepreneurs a powerful edge. Indeed, having a reliable sounding board is cited frequently as a key benefit of partnerships. A partner can give valuable input because he or she isn't afraid to contradicting, like employees might be. Partners knows other strengths, but they also know the weaknesses, which doesn't happen as much in a pyramid-type organization with one founder. And the single biggest factor causing partnerships to fizzle and fracture seems to be lack of a common vision. Thus, having a partnership, have both the pros and corns which keeps the business busy and guessing.

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Format: HTML | Date: Sep 2002 | Pages: 1

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