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Business strategy
What is the major problem that usually arises with your business partners?
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[QUOTE="Chibson, post: 206942, member: 27553"] there are a lot of things that causes problems to arise in businesses and sometimes if these problems are not resolved properly it can results to a whole lot of problems on the long run. Most of the time these problems kill the business and the business partners will split. There are a lot of things which must be put in place before going fully into business partnership with someone and the inability of these to be properly put in place the business will definitely not last. Some of things that causes problems in business partnership; Greed: this is one of the major things that causes problems between business partners. When one business partner is greedy and always want to take larger percentage of their profit and then there is a possibility that problem will arise. This is one of the reasons it is very important to make a letter of agreement before venturing into business partnership with anyone. Financial contribution: When there is need to make contribution for the continuous running of the business and why business partner does not meet the financial needs, then there is a possibility and that problems will occur. There are also a lot of other factors that causes problems between business partners and some of them may include allocating positions to family members, lack of proper agreement before starting up the business, etc. [/QUOTE]
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What is the major problem that usually arises with your business partners?
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