organization in which two or more individuals manage and operate the business.
Like anything else in life you have pros and con's. However if you find the right partner
it can be a beautiful thing. My mother always told me "two heads are better than
one" and she was right! On the other hand if you find out the partner you are in
business with is not the right one it can be a miserable situation. So I'm going to
give you some advantages and disadvantages of a partnership.
Advantages:
#1- Partners bring new skills and ideas to a business
.#2- Decision making can be much easier with more brains to think about the problem
.#3- Partners share responsibilities and duties of the business
#4- Division of labor is possible as partners may have different skills
Disadvantages:
#1- Disagreements among the partners can lead to a problem for the business
#2- Profit sharing can become unfair if one partner is doing more work than the other
#3- A partnership usually has limitations that keep it from becoming a large business
#4- Business partners are jointly and individually liable for the actions of the other partners
So if you decide to have a partner or partners in business take these points
into consideration and always remember "your bottom line is our business"
Ricky Downs, CEO
www.yourvideoviewer.com
No comments:
Post a Comment