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Partnerships and business can be the best thing for a company, but without proper organization and management, it will fail regardless of how good it started. The fastest-growing companies often involve partners, even if not in a 50/50 split. Treating partners as equals is crucial for success, as multiple minds working towards a goal can achieve rapid results. Setting up basic rules to maintain a strong partnership is essential. Learning from costly mistakes in past partnerships can prevent future failures. It is quicker and easier to learn from others' experiences than to pay the price yourself.