This Founder Shares How to Get Out of an Awful Partnership

Bringing on a partner can be a huge risk for a company. One entrepreneur explains what to do when it doesn't work out.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Founder of This Dog's Life
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Bringing on a partner can be a huge risk for a company. If things don’t work out, it can cost a company time, money and resources.

For the CEO of Loomia, a company that integrates smart fabric into apparel for brands, this is exactly what happened. Janett Liriano worked with another company on a joint initiative to only realize her company and employees were taking on the majority of the work. Rather than engage in a combative relationship, she decided to cut her losses.

Related: Everything You Need to Know About Business Partnerships

In this video, she explains how she did it, her reason behind her approach and what you can learn from it.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. For just $5 per month, get access to premium content, webinars, an ad-free experience, and more! Plus, enjoy a FREE 1-year Entrepreneur magazine subscription.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur