Monday, 4 January 2016

Partnering For Good Successful Business

Posted By: Sifiso Nkwanyana - 07:17


& Comment

If you run a small business, blog or online store a strategic partnership is simply what your business needs. But before you happen to make conclusions with any company or partnership you have to first evaluate how you as a co-operation or an individual can benefit from the business. I am sharing this information to help you do well in business partnerships which will also boost your activity and revenue.

Why Should you do a partnership?

Business is done best when you have an extra hand that will boost you revenue and impact simply because a good business partnerships allow you as a businessman and blogger to be able to reach higher business levels that you wouldn't have achieved on your own influence.
By having a good business partnership you increase your power in that particular industry as you will be sharing exchanging different skills in a more mutually productive way. This means that you as a business can gain access to certain levels of the market that you wouldn't have reached which means a major increase in the business revenue.
Finding a Perfect Business Partner
Finding a good partner in business is what no body can value or measure as out there can be good partners and also bad partners who can really disturb the quality of a business just for the sake of selfish desires. This means that as an individual you should have the ability to make good decisions that can help prosper your business.
Eventually as an individual you might lack a certain business skill which somebody might know best, the lack of the skill will cause your blog or business to lack at some point and the finding a partner will improve your business reducing the gap within the business.
Finding a good partner is surely a difficult thing that anybody can guarantee but by getting yourself deep into a certain business industry you will meet people with brilliant ideas and skills in that certain market you might be in, there is a lot more that one can do such as attending business workshops, participating in Forums, attending business conferences and seminars.

Ensuring A Good Business Partnership

Keeping a business partnership stable will require you a certain skills and duties because most business partnerships usually dont succeed as parters might not agree on certain conditions. As business person in a certain business, it is best that you improve your partnership by deciding roles on which each individual should carry out. I probably recommend the partnership to do the below mentioned points to ensure business success.

  • Vision - The vision of any business or partnership should be made known to all partners to insure successful partnership and business.

  • Partner Roles - As I have mentioned earlier, in a partnership there should be roles and there shouldn't be one who will carry out most of roles compared to the other because that might boil your business partnership.

  • Shares - It might be tempting to have 50% share as your partner but to give you advice that is really not a good Idea because there should be at least one authoritative voice in the partnership which will ensure that decisions are taken accordingly and productively.

  • Responsibilies - Responsibility is the most important aspect of business.

Avoiding Business Partnership Falls

Business Partnerships can be drafted successfully as I have mentioned in the above paragraphs above but that is not enough when humans are involved because that can drive a number of emotions and ego's that can affect your business negatively. I prefer that the business associates should draw up a written agreements can help solve the business pitfalls that are faced by many partnerships.
The drawn up agreement should include some important things such as Roles and Responsibilies that each partner will hold in the partnership.

About Sifiso Nkwanyana

Sifiso Nkwanyana is a full-time blogger and Forex trader who loves to explore blogging. He has a passion for helping newcomer bloggers make their blog noticeable and make money. The Main Purpose of this site is to bring reality with a taste of entertainment


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