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Need For A Partner In Your Business
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[QUOTE="Ephy, post: 68930, member: 23353"] Partnership in a business is not bad it's very good but everything has his own advantages and disadvantages. Advantages 1. Good in decision making in that two heads are combined together to reason and come up with the best possible solution or decision. 2.Capital to start the business becomes very easy in that it's divided into two according to the shares one wants or can afford to have in the business. 3.Its rare to incur a loss. Though if you do business you have two options in mind loss or profit. 4.It becomes very easy for the business to expand in that everyone comes up with new ideas plus each share holder has his/her own customers. N/B:- In order for the business to prosper choose your partner/s wisely. Disadvantages. 1.Slow in decision making in that if one is not around you have to wait. 2.Any little misunderstanding can lead to fall of the business maybe one is greedy for money or power. Or even not being transparent with one another on financial matters. [/QUOTE]
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