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Partnerships can significantly benefit a company, but without proper organization and management, they may fail despite initial potential. Successful companies I've founded often involved partnerships, which didn't always mean equal ownership but treated as equals for collaboration. Working together towards a common goal can yield rapid results. To maintain a strong partnership, establishing basic guidelines is essential. However, I've experienced costly lessons from two previous partnerships that I hope others can avoid. Learning from someone else's experiences can be more efficient than making the same mistakes yourself.
