From Down Under, a piece from the Manly Daily (a reference to the location of the publication, not its masculinity) on business partnerships. Even across the globe, the same basic principles -- and secrets to success apply:
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You won't always agree. Where you can't work it out, rely on trusted advisers like accountants or attorneys as sounding board and mediators
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Know your partner before agreeing to go into business together
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Make sure you're aligned on vision and expectations
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It helps to have different areas of expertise, complementary skills and responsibilities
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A common feature of business partnership breakdowns is a lack of proper planning and partners failing to have the difficult conversations and address all "what ifs" at the outset
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The most important thing for anyone considering going into business with a partner was to seek legal advice and have a written partnership agreement drawn up.
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