Is Your Business Partner Dragging You Down?

You probably know the statistic: 80 percent of business partnerships ultimately fail. But people continue to enter partnership agreements because the benefits can give your company several advantages:

  • Combined skills and knowledge
  • More business capital
  • Greater borrowing capacity
  • Tax benefits

Despite all this, four out of five business partnerships still don’t work out. If you want to make it as an entrepreneur, you’ve got to figure out how to make certain your partnership is part of the successful 20 percent.

To start, take a look at these signs that your business partner is more of a hindrance than a help. If any sound familiar, it might be time for an internal shake-up.

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Your online store gives you the ability to sell to every corner of the world where prospective customers have access to the web. However, many online merchants continue to shrug off this opportunity due to the logistics of cross-border fulfillment.

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