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Showing posts with label disadvantages. Show all posts
Showing posts with label disadvantages. Show all posts

Thursday, December 5, 2013

Business Partnerships: Forming Partners and Sponsorships- Orchids Reporting...

The human being is a very unique social animal. We know when to join forces and when to walk alone. Joint ideas for good have brought about far reaching changes like the WHO , UNICEF and so many others. On the other hand we had alliances like as occurred during World War II and the Cold War.
Business partnerships have been formed since ages. But many partners start off with great enthusiasm without much planning and few ground rules. Down the line there are conflicts over what each partner expected going into the partnership. Clashes over trivial and major things like work ethics, financial goals, leadership and the role of each person start.
So, how do you avoid all that grief and not only set up but maintain and sustain a business partnership? You can ask yourself a few questions which I discovered after speaking to SL as well from RL business owners.