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Partnerships can significantly benefit a company, but without proper organization and management, they are likely to fail. The most successful and enjoyable companies I've started involved partners, regardless of ownership stake. Treating partners as equals fosters collaboration towards common goals, leading to rapid achievements. It's essential to establish basic rules to maintain a strong partnership. However, I've learned costly lessons from previous partnerships that I hope others can avoid. It's often more efficient to learn from others' experiences rather than endure similar challenges personally.