Pairing Up
Are two heads always better than one? Know the good and the bad sides of business partnerships.
You've wanted to start a business with your best friend foryears--or perhaps you know a business associate with complementaryskills whom you feel would be a great partner. While it'stempting to go full speed ahead, parse out the pros and cons beforedeciding on a partnership. Though there's no single answer foreveryone, two experts weigh in to help you decide what's bestfor your business.
Pro:TerriZwierzynski, a business coach and founder of Solo-E.com Inc. inCary, North Carolina, likes partnerships because two people can geta lot more done than one person, and each partner can work in theirrespective strong areas. Partners might also have differentfinancial resources to call upon for the business--which doublesyour network. Particularly if you're close to the personalready (a friend or family member), you know that person'swork strengths and habits. This person can also see the areas youmight be blind to.
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