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Author Topic: Partnership, not always necessary in business.  (Read 577 times)

Offline Rruchi man

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Partnership, not always necessary in business.
« on: March 15, 2025, 11:08:04 PM »
Do you agree that, until completely necessary, partnership is not always the best because most partnerships and by no statistics have failed when the partners fall out or the goals and dreams of the partners no longer align.

If you can handle entrepreneurship alone after you have evaluated the risk, do it alone. It is better to do it alone than have a partner who will later pull the entire business and your sweat down.

What do you think?
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Partnership, not always necessary in business.
« on: March 15, 2025, 11:08:04 PM »

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Offline Findingnemo

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Re: Partnership, not always necessary in business.
« Reply #1 on: March 17, 2025, 08:12:41 PM »
Do you agree that, until completely necessary, partnership is not always the best because most partnerships and by no statistics have failed when the partners fall out or the goals and dreams of the partners no longer align.

If you can handle entrepreneurship alone after you have evaluated the risk, do it alone. It is better to do it alone than have a partner who will later pull the entire business and your sweat down.

What do you think?

Having a partner is not a bad but where we make mistake is picking someone we know but it should be someone with the same mindset as ourselves. I seen some very successful business which are run by group of people like 10, they share profits as well as loss and they able to manage a loads of business in various fields. So it's not bad but we should be lucky to find out the right people.
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Re: Partnership, not always necessary in business.
« Reply #1 on: March 17, 2025, 08:12:41 PM »

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Offline Agbe

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Re: Partnership, not always necessary in business.
« Reply #2 on: March 18, 2025, 07:07:08 PM »
This your question is quiet tricky to answer because in business there are some business proposals that will come that only one person can't handle so in such case partnership is the best I think that when it comes to partnership as a business it usually for people with similar ideas and business interests but has no financial capacity to establish the business so two or more people will come together to actualize their dreams , so looking at it holistically yes is True that you don't necessarily need partnership to succeed in business but partnership is an integral part of every business

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Re: Partnership, not always necessary in business.
« Reply #3 on: March 18, 2025, 08:20:07 PM »

so many partnership in business ruined after a partner takes advantage of the other. even the biological brothers fight for who had bigger share in a company owned by their parents. best friends is no different to these brothers fighting over money/profit share in a partnership.

so if you can do it alone, just do it by yourself. less headache in the future where you have to battle with someone close to you and yet you are suing each other for share.

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Re: Partnership, not always necessary in business.
« Reply #4 on: March 24, 2025, 05:05:35 PM »

so many partnership in business ruined after a partner takes advantage of the other. even the biological brothers fight for who had bigger share in a company owned by their parents. best friends is no different to these brothers fighting over money/profit share in a partnership.

so if you can do it alone, just do it by yourself. less headache in the future where you have to battle with someone close to you and yet you are suing each other for share.
No one is trustworthy must especially when it has to do with money. If two brothers can battle against each other for financial matters, friends can not be excluded, so it is not a surprise if friends and partners also have conflict. Partnership is good and can be beneficial because In some cases they help to share ideas that will be of great benefit to the company this is part of it advantages. two good heads are far better than just one head. But partnership also have disadvantages that is why it is good to run the business alone if you are capable of doing so, to avoid future conflict and crisis.
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Re: Partnership, not always necessary in business.
« Reply #5 on: April 03, 2025, 05:54:10 AM »
Do you agree that, until completely necessary, partnership is not always the best because most partnerships and by no statistics have failed when the partners fall out or the goals and dreams of the partners no longer align.

If you can handle entrepreneurship alone after you have evaluated the risk, do it alone. It is better to do it alone than have a partner who will later pull the entire business and your sweat down.

What do you think?
Handling your own business/ company is more better than having partners, this is because of the numerous disadvantages associated with partnership, one of this demerits includes shared partnership. One thing to note here is that the two partners shares the losses of the business and it's assets, even when the the mistakes may have been made by one partner alone through his supposed contribution.
Another demerits is future conflict. In the future, the relationship between the partner may become sour and disagreement may occur, and this disagreement may sometimes be some intense that it involve the other party to ul out his own share in the company, and this may seriously affect the business, the impactation may be serious that the company may close down, there leaving their customers stranded.
And lastly independence in business is the best, you are free to make whatever decisions you see as ight based on how you percei e the circumstances and this independence is impossible in a partnership business
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Re: Partnership, not always necessary in business.
« Reply #6 on: April 08, 2025, 02:28:57 PM »
I think that to be an entrepreneur you have to push yourself and have only your own stake in everything from investing to ownership. Being a partner in a business means that all decisions have to be made equally and are not dictated by one person. As an entrepreneur you should first build your own experience base so that you can avoid any problems in the future. If the capital is low, then you should definitely take the help of a loan but you should always refrain from partnering with a business partner. Even if the partnership is very trustworthy, then you can join the business if you want.

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Re: Partnership, not always necessary in business.
« Reply #6 on: April 08, 2025, 02:28:57 PM »


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Re: Partnership, not always necessary in business.
« Reply #7 on: April 08, 2025, 05:43:25 PM »
I think that to be an entrepreneur you have to push yourself and have only your own stake in everything from investing to ownership. Being a partner in a business means that all decisions have to be made equally and are not dictated by one person. As an entrepreneur you should first build your own experience base so that you can avoid any problems in the future. If the capital is low, then you should definitely take the help of a loan but you should always refrain from partnering with a business partner. Even if the partnership is very trustworthy, then you can join the business if you want.
I get what you're saying, and it makes a lot of sense. Starting your own business really does push you to grow and learn from everything you do. Being your own boss means you don’t have to depend on anyone else for decisions, which can be great. But I think partnerships can still work if both people are on the same page and trust each other. It just needs clear communication and understanding. Loans can help too when money is tight, as long as you manage them well.


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Re: Partnership, not always necessary in business.
« Reply #8 on: April 09, 2025, 09:56:12 AM »
I think that to be an entrepreneur you have to push yourself and have only your own stake in everything from investing to ownership. Being a partner in a business means that all decisions have to be made equally and are not dictated by one person. As an entrepreneur you should first build your own experience base so that you can avoid any problems in the future. If the capital is low, then you should definitely take the help of a loan but you should always refrain from partnering with a business partner. Even if the partnership is very trustworthy, then you can join the business if you want.
I get what you're saying, and it makes a lot of sense. Starting your own business really does push you to grow and learn from everything you do. Being your own boss means you don’t have to depend on anyone else for decisions, which can be great. But I think partnerships can still work if both people are on the same page and trust each other. It just needs clear communication and understanding. Loans can help too when money is tight, as long as you manage them well.
In business, you have to make different decisions and plans at different times but when you have a partnership in your business it will not be possible to make exclusive plans. If you want to strengthen your position as a small entrepreneur, you have to do exclusive business. You have to plan your own independent product supply, price, quality, everything according to your own plan. Past successes may lead you to future failures. But if you can learn from each failure, then at the end of the day you will be a successful businessman. So, stay away from laziness and start any business with the resources you can.

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Re: Partnership, not always necessary in business.
« Reply #9 on: April 09, 2025, 10:23:54 AM »
As a person who values reputation, wants to be responsible only for own action, whos life experience taught to rely only on himself, does not support partnership in business. I can say that I am even against it. I dont recall cases in history, where unions stayed strong and dont fell down. I think same will happen with any partnership business with time. With 100% probability, the moment will come when partners cant find an agreement and will start sharing business.
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Re: Partnership, not always necessary in business.
« Reply #10 on: April 10, 2025, 11:03:59 PM »
One of the reasons people have partners in their business is to have who they will share the risk and responsibility of their business. Someone who can handle that alone can decide not to have someone they can partner with because it actually makes no sense since they can run their company alone.

However, having a partnership in business doesn't usually end up well in the long run. There will always be misunderstandings over who owns the lion's share of the business, that could cause a lasting fight that could lead to verbal words and physical

 

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