Having a Business Partner vs Going Solo

3
Having a Business Partner vs  Going Solo
Search
Generic filters
  Advanced Search Options
Video Search:
 

Powered by YouTube and Infosearched LLC

Published – 08/01/2019 6:36 pm

A decision whether to do business alone or with partners can be tough.

And there is no right answer what is better. Each model has advantages and downsides, many of those have to do with the human factor.

#Business with a partner requires a certain level of maturity of each founder. But also it is better to formally agree on business aspects such as authorities, responsibilities, and obligations. In fact, many conflicts between partners arise because people did not bother to make an agreement at the very beginning. This can be included in the Articles of Association or additional provisions. You may limit Directors, appoint external Directors depending on the size of your business. You may agree on the founders’ rights when appointing the Board of Directors. If you decide to involve a venture investor, find out what they want from your business and write that down too. Also, write down the rules for exiting business just in case.

Obviously, if you decide to do business alone, you won’t have anybody to conflict with. The success of the company depends on you only. The latter can be good and bad. Although you don’t have to agree with anybody, it might be hard to do everything by yourself and you are the only source of ideas. Plus, you will have to invest your own money and it might be harder to handle the costs alone.

On contrary, having a #partner means more people to generate ideas, additional hands for various activities, and another source of money.

With all said, when making the decision whether to do business alone or with a partner, consider the level of responsibility you are willing and ready to take. And do the legal work carefully to avoid problems in the future.

That’s all for today.

9 Total Score

User Rating: 4.5 (2 votes)
Read More
Filter by
Post Page
Merchandising Reddit Partnership Hybrid Business Model Blockchain
Sort by

How I Turned $400 to $1.3 Million | Dropshipping Success Story 2019

Published – 08/01/2019 6:36 pm I Turned $400 to $1.3

10

How to Choose the Right Business Partner

Published – 08/01/2019 6:36 pm How to Choose the Right Business Partner by Patrick Bet-David.

1

How To Make A Business Partnership Work

Published – 08/01/2019 6:36 pm Business

1

What is a Partnership?

Published – 08/01/2019 6:36 pm A partnership is a business structure owned by two or more persons who

1

Hybrid business models

Published – 08/01/2019 6:36 pm Hybrid

1

LTO | BlockchainBrad | Hybrid Business Blockchain | Easy & Scalable | Tokenised Enterprise

Published – 08/01/2019 6:36 pm EXCLUSIVE LTO UPDATE with Rick (CEO) & Arnold (Lead Techie).

1

Kyle Caldwell – Nonprofits and the Hybrid Business Model

Published – 08/01/2019 6:36 pm Nonprofits and the

1

New hybrid business opens in Old Colorado City

Published – 08/01/2019 6:36 pm New hybrid

1

Peterson Speaker Series – Hybrid Organizations | December 3, 2015

Published – 08/01/2019 6:36 pm An increasing number of business are choosing to organize in structures

1

Make Hybrid Cloud Work for Your Business

Published – 08/01/2019 6:36 pm Your company wants to run applications where they make the most sense

1

The Uniqueness of a Hybrid Business Model

Published – 08/01/2019 6:36 pm Business

1

How does a blockchain work – Simply Explained

Published – 08/01/2019 6:36 pm What is a blockchain and how do they work? I’ll explain

1

Q&A: Hyperloop and the Future of Transport Technology – with Anita Sengupta

Published – 05/25/2022 2:32 am How is the pressure difference overcome when getting people onto the

1

10 Mastermind Hackers That Outplayed Everyone (even NASA)

Published – 05/25/2022 2:32 am From NASA to your Facebook and Gmail Account, hackers can hack into

1

Real-life ‘Iron Man’ showcased his jetpack technology to military teams.

Published – 05/25/2022 2:32 am This is the moment a real-life “Iron Man” showcased his

1

10 Coolest New Methods of Transportation

Published – 05/25/2022 2:32 am New Methods of

1

Power to Gas, a future energy solution to store renewable electricity

Published – 05/25/2022 2:32 am A future energy

1

How Japan is using Space Technology in Natural Disasters

Published – 05/25/2022 2:32 am Japan has been putting its advanced space technologies to use in

1

Electric Plane Of The Future | Archer

Electric Plane Of The Future | Archer

Published – 05/25/2022 2:32 am Electric

1

THE FIRST EVER HOVERBIKE IN THE WORLD

Published – 05/25/2022 2:32 am These prototypes have one thing in common, and that is the lack of

1

Tesla Autopilot For 24 Hours Straight!

Published – 05/25/2022 2:32 am Tesla

1

New ‘printed solar’ tech poised to change everything we know about energy

Published – 05/25/2022 2:32 am Energy With Australia’s energy crisis dominating news h

1

Tesla Valve Explained With Fire

Published – 05/25/2022 2:32 am Tesla Valve

1

InfoSearched | Business Research & Information
Logo