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Pros and Cons of Business Partners / Co-Founders

Discussion in 'General Business and Entrepreneurship' started by Brian D. Evans, Dec 11, 2015.

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  1. I wanted to get a discussion going on the Pros and Cons of Business Partners and Co-Founders.

    I have been involved in many businesses with partners, and some without. These are just a few off of the top of my head. I'm curious what you guys can come up with.

    Pros:
    • Motivation, inspiration and someone to help keep you "driven"
    • Split costs
    • Have different areas of expertise (teamwork)
    • Divide responsibilities
    • Less time commitment, depending on responsibilties

    Cons:
    • It doesn't go as planned and they don't put in the time, or money that you do
    • It can cost you 50%
    • Power trips/power struggle
    • They make a big mistake that costs you
    • You don't see eye to eye on all issues

    What are some other Pros and Cons?
     
    K and Marlyn Josue like this.
  2. pwarbi

    pwarbi Member

    Personally I think it depends on the business and of course the people who are to become involved.

    A business partner can be just the thing a business needs as they'll bring fresh ideas and a new way of thinking to the table. At the same time though, the existing owner of the business is going to have to be open to these new ideas.
     
    Marlyn Josue and Mario40122336 like this.

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