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[westmania]

You have a plan to start a business that involves huge capital. In your mind it may be successful running alone with 50% to 70% chance then will you get some partners or try alone ? which one is better ? And do you think it can be offered as a crowdfunding project on kickstarter ? For example, if the business is say a big social gaming site which will have an app too.

 

[Maliha]

The choice is all depends on thr capability and the knowledge of a person also on the capital that the person have it also includes the experience in that person either he could manage the business issue or not or the business that is about to start have enough caoital or not

 

[tray59]

It's very good to start a new business and I will prefer to start the business if I have the resources in terms of capital and if it involves huge capital I will involve partners so that will can start the business or I source fund from bank. Any business that I am doing with a partner must be documented in our partnership deed.

I agree with you that if that involve huge capital there is nothing wrong with that you can start the business alone or you can chose to involved a partner,but when chosing a partner you must be careful because some partners may do away with your money so chose a trusted partner.

 

[tray59]

It's very good to start a new business and I will prefer to start the business if I have the resources in terms of capital and if it involves huge capital I will involve partners so that will can start the business or I source fund from bank. Any business that I am doing with a partner must be documented in our partnership deed.

I agree with you that if that involve huge capital there is nothing wrong with that you can start the business alone or you can chose to involved a partner,but when chosing a partner you must be careful because some partners may do away with your money so chose a trusted partner.

 

[afolabitope]

starting business with a partner is a good idea and would make that business to growth faster and move forward than individuals own,but sometime it is very risky and very dangerous because that your business partner can destroy you when the business moving forward

 

[afolabitope]

I would prefer to do my own business instead of partnership with another person or groups of people, because partners can change at anytime and it could affect the business negatively. but running your own business will give you more confidence to work harder than partner

 

[Shahid14]

You have a plan to start a business that involves huge capital. In your mind it may be successful running alone with 50% to 70% chance then will you get some partners or try alone ? which one is better ? And do you think it can be offered as a crowdfunding project on kickstarter ? For example, if the business is say a big social gaming site which will have an app too.

I always recommend invidual businesses because there is no problem in this and there is no pressur on you in this and we are not always in the hands of a partner in business.

 

[tray59]

I always recommend invidual businesses because there is no problem in this and there is no pressur on you in this and we are not always in the hands of a partner in business.

Yes individual business is the best but fortunately if you chose to start a business with partner there is no obligation as there is always need for that and there is a legal law that can guide the two parties to avoid conflicting but your partner need to be trusted.

 

[Felixko]

I would get a partner in only two cases, first case is when there is no enouth capital and the second case if he's capable of bringing about a serious change to the business

Well said. As they always say, two better heads are better than one not two heads are better. Getting a partner is nice but that partner should also have knowledge and be ready to bear the ricks. Is always good you run a business with a partner who is always serious.

 

[Usama008]

I want to start a business with my partners . Because they have different ideas and different thinking. If I start alone may be I face some problems and can't handle thhese problems.

 

[m_cel]

For me, if you're gonna start for a huge capital might as well find some partners for you to have a share of the capital so it won't be heavy to release some funds in your own pocket. But if you have your own money and you won't regret the money you will release so it is okay to start on your own.

 

[tray59]

There are some businesses that doesn't require huge capital to start. The case of o social gaming site would definitely require getting partners because a lot of money is involved to start or publish it.

Thank you alot of money will involve in that business to be sincere so gaming developing business is another good business but saved some money for it,it could need the help of a partner and you could join money both of you to start the business but he must be a trusted person.

 

[Niftyicon]

I want to start a business with my partners . Because they have different ideas and different thinking. If I start alone may be I face some problems and can't handle thhese problems.

This is my thought sometimes. A partnership can bring in sound and very rich ideas that could promote the business faster than if it were solely run.

 

[tray59]

This is my thought sometimes. A partnership can bring in sound and very rich ideas that could promote the business faster than if it were solely run.

There are some time in the future which you need to know this some partnership are very important they can give you good insight that will help your business to grow well,but some partners are very dangerous they can do away with your money and cause business failure so partnership need care when you want to chose them.

 

[Niftyicon]

There are some time in the future which you need to know this some partnership are very important they can give you good insight that will help your business to grow well,but some partners are very dangerous they can do away with your money and cause business failure so partnership need care when you want to chose them.

I guess we can only hope to get the good ones should we ever need to enter into a partnership. There have indeed been cases of partners that went rogue and even caused the collapse of the business.

 

[tray59]

If you are looking forward to start a very big business then you should definitely start with 2 or 3 partners , if they are ready to invest with you . Just take some trustable partners in terms of business.

I understand with you if the business involve huge capital there is nothing wrong by starting the business with a partner but one funny thing is some partners are not to be trusted so your financial status need to be kept confidential if that person didnt contribute to the investment of that business,or better you get a partner that is living with you that is one of your trusted relative.

 

[tray59]

Yes , we all have seen the movies and real life examples that only the outer members of the family make the business dead. So, choosing a partner while starting a business is a very important factor.

Its very important to access the complete life circle of the partner you want to chose,even thou it is your family member you must have trust in him.If the person can collabrate with you properly to manage the business in the right way then get him or she involved but first run a complete check of his pass life and present character

 

[tray59]

If you doing something then you both have the true right to know each others background and life history , Always treat your partners like family members then it becomes a lot easy to gain each others trust.

Its very true to know about each other background and history,this will help you build a mutual trust between both of you and help in the growth of that business but some partners wont mind deeping hand into the business financial pocket and steal from it this type of partners need to be avoided so you chose wisely who you want to partner with.

 

[Joy101]

I prefer running my company with partner, because one person cannot run a company all alone so that both of you can bring idea in order to make sell from the business.

 

[Waqas837]

Very good question indeed, there are circumstances about partnership and solo business, in solo you can take your decision but in partnership you can share the burden of business, if partners are good i will go for Partnership Business

 

[Jimmie150]

I prefer doing my business alone rather than getting a partner no matter how big the business might seem. In the case of invoving a partner because it requires or involves huge would not be ideal for me.