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Should you start a business with partners? First look at the risks of cooperation, then talk about dreams
In the early stages of a partnership, look at the vision; in the later stages, look at the structure of interests. The most common problems are not a lack of effort, but unclear responsibilities and inconsistent pace.
4 Risk Points to Check Before Partnering
- Whether the strong and weak structures of both sides are complementary or suppress each other
- Is it clear who is in charge of operations, who is in charge of management, and who is in charge of finance?
- Are years of high pressure prone to outbreaks of conflict?
- Whether the exit mechanism and allocation mechanism are agreed upon in advance
Suggestion:Partnerships don't fear different divisions of labor; what they fear is unclear boundaries. First look at compatibility, then sign a long-term commitment.
First determine partnership compatibility, then decide whether to share the risk
Clearly understand the cooperation structure and risk years to avoid falling out in the later stages of the business.
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