What If Your Business Partner is a Super Spender?
When it comes to business partnerships, there are several advantages. These might include complementary skill sets, dividing responsibilities, tax benefits, and reducing startup costs and risks. Unfortunately, partnerships have some disadvantages as well. Statistics show that up to 70% of businesses fail due to partnerships. After all, drawbacks to a business partnership are; Conflicting values and personalitiesUnequal commitment and workloadMixing personal relationships with businessFailure of trustLack of business or decliningBut, just like any other relationship, money matters can also impa...