Be Careful Who You Partner With When You Start Your Business

You're a young entrepreneur with a great idea to start a business, but you don't want to go at it alone. It's common for people to partner up with like-minded folks to get a business off the ground. Just be mindful about who you team up with.

Partnership image from Shutterstock

Over at Startup Smart, Tarik Voirin and Tim Martino the pitfalls that entrepreneurs face at the beginning of their careers. One of the things that was mentioned was the importance of carefully selecting business partners:

"A great number of startups fail due to business partners pushing it in different directions or ending up in protracted disputes that destroy value. Trust is key.   Having smart and ambitious business partners is great, but if you don’t have mutual trust, a shared vision and an ability to get along and work together then your new business will be built on very shaky foundations indeed."

You can read more about the other challenges entrepreneurs face when they want to start a business over at Startup Smart.

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