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Business strategy
Is It Possible For One Person To Manage A Business?
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[QUOTE="arunima25, post: 254136, member: 30475"] There are many successful businesses which are run by solo owner. So, yes a business can be managed single handedly and can be successful. Having said that, we do have ample examples of successful businesses that are run in partnership. So, it can be both ways and each one will have its own sets of advantages and disadvantages. We often hear of business partners getting into differences and fights and then a successful business suffers. Sometimes they part away legally on a graceful way, while at other times the things can be really ugly. That can be a big setback for the business as well as emotional turmoil for business owners. Mostly people start their business partnership with a trusted partner but still, human beings are set to have differences and many a times they can be out blown. Being a solo owner can be stressful as it's lot of work alone. Also, one might face idea blocks from time to time. That's why it's sad that two heads are better than one. Now, whether you want to be solo owner or start in partnership would need a lot of thoughts. All pros and cons have to be weighed in before making a decision. I would prefer to be a solo owner but definitely hure different people to take care of different things. I don't want to be overwhelmed. The kind and size of business also matters. [/QUOTE]
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