5 crucial points to consider before entering a partnership
Partnerships can make all the difference in ensuring a startup’s success. Partners bring the much-needed additional managerial support in the form of intellectual, capital support, and skills. In India, it is mandatory to register a partnership to make it official. Therefore, every aspect of this partnership must be thoroughly thought over. After all, a partnership can be all the difference between a successful business and a failed one. Ponder over these points before you register a partnership. Take your sweet time before deciding: Choosing a business partner is no different than choosing a life partner. Therefore, it must be paid equal attention if not less. Individuals with similar interests, life goal and values usually make successful partnerships; and you don’t find a perfect partner overnight. You must meet a lot of individuals, gauge your options. Meeting prospects and building connections is the key here. And bear in mind that a partnership is a two-...