Many businessmen, including some of my close friends, prefer long term partnership than profitability factors. This is not something that is entirely wrong indeed. Sharing the responsibilities and profit in a same portion is another smart way to prevent the business getting caught in unpredictable risks of market. Partnership is safer in some ways of course. But despite of all it's goods, partnership is also something that can stab your business from the back and drag it all the way to it's grave.
The risk of partnership mainly caused by the wrong decision of choosing the partner of course. Combining 2 parties means combining 2 different ideals and thoughts, which in some ways considered 'not combinable', and it is almost as dangerous as marriage. A business based on partnership is like a rope pulled to two different ways. If the other party wins his way, most probably they will take the business their way instead of taking it to the way that will profit both parties.
October 10, 2010
October 8, 2010
Be Prepared For Your Retirement
Spending your retirement days by wondering how to keep the food in your dining table is such a pain in the ass. Retirement is suppose to be the time when you only have to sit back and enjoy, not to get yourself stressed of the things you can't do anymore and worrying about your savings. But that is exactly what you'll get if you don't plan your retirement wisely since NOW.