Ask These 3 Questions Before Becoming Partners With Someone | Entrepreneur

Bad partnerships are a common reason for business failure which often goes unnoticed compared to other factors like lack of cash or poor marketing.

Finding a business partner through networks, industry events, or colleagues can seem appealing initially, but the dynamics can change when transitioning from working together to owning a business together.

Thinking you know someone well or having worked with them before doesn't guarantee a successful partnership in business. Differences can emerge, causing problems and leading to the need for a 'business prenup.'

Developing a 'business prenup' to structure the partnership and set expectations can help avoid future conflicts and potential 'business divorces,' emphasizing the importance of smart partnering decisions.

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