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Partnerships in business can significantly benefit a company, but without proper organization and management, they are likely to fail, despite initial promise. The most successful and enjoyable companies I've started involved partners. Although partnerships weren't always split evenly, I treated all partners as equals, which fostered collaboration towards common goals and rapid results. It’s essential to establish basic rules to maintain a strong partnership. However, I've learned costly lessons from two partnerships that didn't work out, and I want to help you avoid similar pitfalls. Learning from my experiences is crucial for your success.