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Partnerships can significantly benefit a business, but effective organization and management are crucial for success. The most successful companies I've launched involved partners, treated equally regardless of their stock ownership, fostering collaboration toward shared goals for rapid achievements. It's essential to establish basic rules to maintain a strong partnership. However, I've learned tough lessons from two previous partnerships that proved costly. I want to share these insights to help others avoid similar pitfalls, as learning from my experiences can save you from making the same mistakes.
