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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.

By Andrea Huspeni

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.

Andrea Huspeni

Founder of This Dog's Life

Andrea Huspeni is the former special projects director at Entrepreneur.com and the founder of This Dog's Life.

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