Bringing in Business Partners

A partnership is when two or more people team up in the ownership and operation of a business. Several large, well-known businesses have started out as successful partnerships (and Home-based businesses,

as well), including Microsoft's Bill Gates and Paul Allen; the Disney brothers, Walt and Roy; and ice-cream impresarios Ben Cohen and Jerry Greenfield. While these businesses quickly outgrew their original partnership structures — eventually becoming corporations — the combination of the original partners sparked an incredible amount of creativity and energy.

If a partnership works, the business can run like a well-played symphony. If it doesn't work, it's more likely that things will be closer to a catfight or scene from the film Titanic. Unfortunately, you can't really know how things will turn out until a partnership is actually created and the partners begin to work together.

More than a few friendships, families, and personal relationships have been destroyed by partnerships gone bad. Partners can clash in a variety of ways, and these clashes may only occur in a business environment under the pressures of a busy schedule. That's why you should always apply the same standards of care when you decide to partner with family or friends as you would hiring a stranger. 1 2 3 4 5 6 Next Page In addition, make sure to read these articles: Dissolving a Business Partnership How to Find Strategic Investors and Advisory Board Members Psion Teklogix Wins Business Alliance Partner Excellence Award. 2004 Public-Private Partnership Award Recipients Announced. Renewed growth in public-private partnerships. Greenway Announces Business Alliance Partner Agreements. More Related Topics: Subjects:  Alliances & Partnerships  ,  Home-Based Businesses  ,  Business Climate & Conditions  ,  Lawyers  ,  Family  ,  Income Tax  ,  Recruitment & Hiring  ,  Company Profits  ,  Company Strategy  ,  Company Structures & Ownership T T T Print Email  Digg It  del.icio.us Related Resources Latest Posts Increase Revenues Through Alliances and Partnerships - call for stories I'm speaking at an event later in the month on the successes that business owners have had through working with strategic partners. I call these ... Read More Starting A Strategic Business Alliance Small Business Q&A As part of trying to get the word out about my product and new business, I have been sending email to ... Read More Retail Clinics: Some Shakeout, Wal-Mart Moving In Wal-Mart has announced plans to open 400 retail medical clinics in their stores over the next two years. Read More Forms and Agreements Partnership Agreement Partnership Agreement (California) Press Release - Major Development Yahoo Joint Venture Agreement All Forms Customer-Centric: The New Way to Sell Host Hattie Bryant of Small Business School interviews Ron Willingham of Integrity Systems, a performance consulting company based in Phoenix, Arizona. Business Resources Vendor Quotes Business Directory Office Products Free Business Magazines Franchise Opportunities Sponsored Links Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved. No part of this content or the data or information included therein may be reproduced, republished or redistributed without the prior written consent of AllBusiness.com. Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy. © Bringing in Business Partners True. Used by arrangement with Wiley & Sons, Inc. Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of, AllBusiness.com, its parent company D&B, and its affiliates.