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1. When witnessing two people in love, it is beautiful sight to see. The
same can be said for partnerships in business.
Yet, why do so many business partnerships end in disaster?
Why, because we lose grip of reality and discount the human element
infused in partnerships. Entrepreneurs may be brilliant at what they do but
by no means does that make them experts in partnerships.
There are some questions which you should muse over, then muse over
again, then once again before entering into a partnership, they are:
1. Why do you feel you need a partner?
2. Do you have other options to taking a partner?
3. Is my potential partner truly the best candidate or am do I just feel I
need another soul in the trenches?
4. Does he/she share the same vision as I do?
5. Are our values in line with one another?
Surely this is not to dissuade you from creating a partnership but only to
serve as some thought provoking inquiries before you do so.
AFTERTHOUGHT: When Lincoln said “…all men are created equal”, I don’t
believe he was referring to business partners. The friend or colleague you
have picked out certainly may not be the best for you or for any partnership
for that matter.