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Partnerships in business can significantly benefit a company, but without proper organization and management, they can fail regardless of their initial promise. The most successful businesses I've launched were with partners, who, regardless of their stock ownership, were treated as equals. Collaborating towards a common goal can lead to rapid achievements. It's essential to establish basic rules to maintain a strong partnership. However, I learned costly lessons from two previous partnerships that I do not wish for others to experience. It is often more beneficial to learn from someone else's experiences than to repeat their mistakes.
