Business minded people what do you think?

@acey76 (1276)
Philippines
November 10, 2010 10:31am CST
Everybody said to me that if i would put up a business..it is much better to do it on a my own...no partnership....what do you think about this?
5 responses
@msdivkar (23359)
• India
10 Nov 10
I don't believe in partnership in business some day you have got to have difference of opinion with your business partner. This difference than grows up and ends in a bitter conflict. You are not free to implement your ideas, good or bad. your partner has to agree to that. When two members from same family can not come together for long, doing business with outsiders is out of question.
@petersum (4522)
• United States
10 Nov 10
Absolutely right! Only yourself to blame is the correct way to do business! You can't trust anyone else.
1 person likes this
@fannitia (2167)
• Bulgaria
10 Nov 10
You better start on your own. After that you may look for a partner but from the position of an established business. I'm far away from this activity but I saw a few stories with partnerships around me and all ended bad. A friend of mine borrowed a lot of money to start a common business with a another wooman. An year after that she was desperate to go away and she had huge problems to get at least part of her money back.
@jhen_jkc (105)
• Philippines
10 Nov 10
Yes better to do it on your own if you would like to put up a business.. because if you would have a partner there is so many issues that you will go through..
1 person likes this
• Philippines
11 Nov 10
First of all, I would like to congratulate you for having a mind of a wealthy person because wealthy people think that business is the key! My opinion is that when at first attempt to do business it is quite advisable to have a partner, especially someone whom you can trust to help you. When that becomes successful, leave it temporarily and use the money that you generated to start another one. Since you have a share in that first company, then you have a money generating machine already. Moving on, do another business and do the same thing. Do another one after that and do the same thing. The secret in being wealthy, which I think is the point why you started a business in the first place, is to have more partnerships. More shares. And thus more money. Partnerships are great at first but eventually, move on. Leave that business (not the partnership) and create new ones!