Let’s Talk – If you can’t beat them: Can partnering up with rivals help business?

Image credit: DocuSign

Are there benefits to holding back a business rivalry in favour of a partnership? Perhaps a ‘you scratch my back and I’ll scratch yours’ angle could play a strong hand in boosting your business growth?

Succession planning isn’t negotiable in partnerships

There are benefits to running your business in partnership with a friend or family member, this could mean it was established with only the bare minimum of documents. Though this may not currently present an issue, it can cause succession headaches later.