18 Reasons Why 50% of Partnerships Fail in the First 2-3 Years

A partnership venture starts out as a brilliant idea between at least two entities. The venture may be based on friendships that you are proposing to extend into a new business arrangement. You agree it's a good idea, you sign the agreement, get started and things may be great for a while. Then the cracks start to show. The financial costs of not planning your partnership venture properly before you get to the agreement can easily get amplified by the costs of damage to friendships and loss of reputation. For some time now, we have been talking to people who've experienced failed partnership ventures. There were too many similarities and a few shocks. Based on these conversations, I've put together a list of 18 possible reasons why a stated 50% of partnerships fail within the first 2-3 years

from Business Articles from EzineArticles.com http://ift.tt/2gCmdC9