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Partnerships in business can be highly beneficial, but without proper organization and management, they can fail, regardless of initial promise. The most successful and enjoyable ventures have involved partnerships, where I treated all partners as equals, regardless of their share. Collaboration often leads to rapid success. It’s crucial to establish basic rules to maintain a strong partnership. However, I have learned costly lessons from two past partnerships that I hope others can avoid. Learning from someone else's experiences can save you from making the same mistakes, which is often easier and more efficient than learning through personal setbacks.
