5 Reasons to Establish Partnership


The failure rate of businesses with partnership is much higher than those managed without partnership. So why would anyone want to get in the partnership? Despite what statistics shows there are some valid reasons why you should consider establishing partnership. As I mentioned in my previous blog there are pros and cons of partnerships. As long as you take steps to make it work you can get what you want out of partnership.
Here are 5 reasons why you should consider getting into partnership. In some cases there may be multiple scenarios depending on the situation and number of partners involved.
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Pros and Cons of Partnership


Many people would love going in the business with a partner for variety of reasons. At the same time you will find equal number of others who hate the idea of working with a partner and losing independence. What is it about the partnership that brings different reactions from different sets of people? In this article we will highlight the pros and cons of being in a partnership.

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Welcome to Angel Business Advisors Blog

Angel Business Advisors
It was more than a year ago when I sold my small business to focus on family and personal life. The journey for me had started 5 years before that and it was a heck of a ride. I saw many ups and downs – challenges, opportunities, excitement, frustration all wrapped in one package. I know most of you are thinking – “Are you talking about you or me.”

Since the time I sold my business I have been inching to go back those exciting days  – something that would give back to the small business community I dearly love and share my experience and knowledge with those who may still be enjoying the ride or thinking about jumping on board.

And so I am jumping back in the small business world with this blog along with my consulting / advising business. This blog is about small business – be it in the form of a franchise or stand alone operation. I plan to cover a variety of topics that are on top of the mind for all business owners. These include; but not limited to, financing, purchasing, marketing, operations, customer service, employee relations, and overall management of small business. In short, this blog is targeted to the Chief Everything Officer of a small business – YOU!!  If you are an existing business owner or thinking about starting a business you will benefit from this blog.

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