From powerhouse financiers like Kohlberg Kravis Roberts to retailers like Baskin-Robbins to IT pioneers like Hewlett-Packard, business partnerships have been an important part of entrepreneurship and startup success. The reasons are simple: complementary skill sets, shared equipment or expenses, and the idea that one person with "hard" money capital can create synergy with the intellectual capital of another person so both can profit from their venture. Pitfalls abound when entrepreneurs decide to become partners. Know what they are ahead of time so you can set up guidelines that allow people to walk away if things go wrong.

Publisher(s):	Entrepreneur.com	Keyword(s):	Forms of Business , Organization , Partnership
Author(s):	Brad Sugars	Category:	Grow Your Business
Content Provider:	Entrepreneur.com	Subcategory:	Partnerships
Copyright Date:	09-10-2008	Save For Later:
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