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Partnerships can be beneficial for a company, but without proper organization and management, they can fail. The most successful companies the speaker has started were with partners, even if the partnerships weren't always equal. Treating partners as equals and working towards the same goal can lead to fast results. It is important to set up basic rules to maintain a strong partnership. The speaker has learned costly lessons from past partnerships, and advises others to learn from these experiences rather than paying the price themselves.
