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Partnerships can greatly benefit a company, but without proper organization and management, they are likely to fail. Successful companies often stem from partnerships, regardless of the ownership split. Treating partners as equals fosters collaboration and accelerates achievement. To maintain a strong partnership, it’s essential to establish basic rules. The speaker shares personal experiences of costly lessons from past partnerships and emphasizes the importance of learning from others to avoid similar mistakes. By understanding these lessons, one can streamline their path to success without enduring the same challenges.
