{"id":14157,"date":"2018-06-02T22:20:53","date_gmt":"2018-06-02T19:20:53","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=14157"},"modified":"2018-06-02T22:20:53","modified_gmt":"2018-06-02T19:20:53","slug":"advantages-and-disadvantages-of-business-partnership-and-when-advised","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/advantages-and-disadvantages-of-business-partnership-and-when-advised\/","title":{"rendered":"The Pros and Cons of Business Partnerships, and When They\u2019re Recommended"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/asiainfoblog.files.wordpress.com\/2016\/09\/partnership_blog.jpg?w=353&amp;h=250\" alt=\"Image result for partnership\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"><a href=\"https:\/\/www.ibtdi.com\/en\/everything-you-need-to-know-about-a-business-partnership\/\">Business partnership<\/a> \u062a\u0639\u0646\u0649 \u0627\u0646\u0643 \u0635\u0627\u062d\u0628\u0643 \u0645\u0634\u0631\u0648\u0639 \u0627\u0648 \u062a\u0645\u062a\u0644\u0643 \u0641\u0643\u0631\u0629 \u0648\u062a\u0633\u0639\u0649 \u0644\u0627\u064a\u062c\u0627\u062f \u0634\u0631\u064a\u0643 \u0644\u062a\u0646\u0641\u064a\u0630\u0647\u0627 \u0645\u0639\u0643\u060c \u0648\u064a\u0639\u062f \u0645\u0648\u0636\u0648\u0639\u00a0<em>Business partnership<\/em>\u00a0\u0645\u0646 \u0627\u0644\u0645\u0648\u0627\u0636\u064a\u0639 \u0627\u0644\u0647\u0627\u0645\u0629 <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and its advantages and disadvantages should be considered to determine whether a business partnership is right for you, or whether working independently and freely is a better fit. We\u2019ll explain this below. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In ten simple steps.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">1- Sometimes a partner is important for a project because there are many tasks, and you may not have enough time or energy to handle them all on your own. In that case, you can rely <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">on a business partnership.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">2- Working independently is better if you can set aside enough time, effort, and money to get your business started. If you can\u2019t, you may need a partner to help share <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">the workload\u2014but make sure you choose the right person or organization.<\/span><\/p>\n<div class=\"code-block code-block-2\" style=\"text-align: center;\">.<\/div>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">3- You may have enough time, energy, and money, but lack the experience someone else can offer. In that case, you could partner with them.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">4. If you decide to pursue a business partnership, don\u2019t choose just anyone who offers one. Evaluate them based on their track record and ambitions <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and what they want to accomplish.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">5. Your partner shouldn\u2019t be a perfect match for you in every way, but should complement your skills by being good at what you\u2019re not\u2014and vice versa.<\/span><\/p>\n<p>.<\/p>\n<div class=\"code-block code-block-8\" style=\"text-align: center;\"><\/div>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">6. If you choose<a href=\"https:\/\/www.ibtdi.com\/en\/%d8%a7%d8%ad%d8%b0%d8%b1-%d9%87%d8%b0%d9%87-%d8%a7%d9%84%d9%86%d9%82%d8%a7%d8%b7-%d8%a7%d9%84%d8%ab%d9%84%d8%a7%d8%ab%d8%a9-%d8%b9%d9%86%d8%af-%d8%a7%d8%ae%d8%aa%d9%8a%d8%a7%d8%b1-%d8%b4%d8%b1%d9%8a\/\"> \u0634\u0631\u064a\u0643<\/a> someone, be sure to draw up clear, comprehensive contracts covering all terms and protecting both parties\u2019 rights.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">7- \u0639\u0646\u062f <a href=\"https:\/\/www.ibtdi.com\/en\/five-easy-steps-to-implement-successful-decision-making\/\">Making decisions<\/a> In Egypt, there should be a clear point of reference to turn to, so neither party harms the other.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">8. State that no one should cause harm or be harmed, while protecting minority rights without disrupting the interests of the majority, and document all of this in the contracts.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">9. Set out a clear process for taking legal action against the other party if problems arise, while, of course, first pursuing amicable solutions.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">10. Be trustworthy and honest in your work, and give others the benefit of the doubt.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">This gives you an understanding of the benefits a business partnership can bring to your venture, as well as its drawbacks and potential risks. All of this comes down to <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">It depends on the type of partner you choose. We therefore recommend working independently; if that isn\u2019t possible, choose your partner carefully.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u0627\u0644\u0634\u0631\u0627\u0643\u0629 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u062a\u0639\u0646\u0649 \u0627\u0646\u0643 \u0635\u0627\u062d\u0628\u0643 \u0645\u0634\u0631\u0648\u0639 \u0627\u0648 \u062a\u0645\u062a\u0644\u0643 \u0641\u0643\u0631\u0629 \u0648\u062a\u0633\u0639\u0649 \u0644\u0627\u064a\u062c\u0627\u062f \u0634\u0631\u064a\u0643 \u0644\u062a\u0646\u0641\u064a\u0630\u0647\u0627 \u0645\u0639\u0643\u060c \u0648\u064a\u0639\u062f \u0645\u0648\u0636\u0648\u0639\u00a0\u0627\u0644\u0634\u0631\u0627\u0643\u0629 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629\u00a0\u0645\u0646 \u0627\u0644\u0645\u0648\u0627\u0636\u064a\u0639 \u0627\u0644\u0647\u0627\u0645\u0629 \u0648\u0627\u0644\u062a\u0649 \u064a\u062c\u0628 \u0627\u0646 \u062a\u062d\u062f\u062b \u0639\u0646 \u0645\u0645\u064a\u0632\u0627\u062a\u0647\u0627<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":14164,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[2220,15708,16166,2035],"class_list":["post-14157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-2220","tag-15708","tag-16166","tag-2035"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/14157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=14157"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/14157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/14164"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=14157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=14157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=14157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}