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Partnerships in business can significantly benefit a company, but without proper organization and management, they are likely to fail, regardless of their initial potential. The most successful and enjoyable companies I've built involved partnerships, though they weren't always 50/50 splits. Regardless of ownership stakes, I treated all partners as equals, enabling rapid achievement through collective efforts. Establishing basic rules is essential to maintain a strong partnership. I learned valuable, albeit costly, lessons from two partnerships that went awry, and I aim to share these insights so others can learn from my experiences rather than facing similar challenges themselves.