Would a partner make it easier to be successful?

QUICK THOUGHTS:

• A business partner does not guarantee success.
• If you require additional management skills or start-up capital, engaging a partner may be your best decision.
• Personality and character, as well as the ability to give technical or financial assistance, determine the ultimate success of a partnership.
• A successful collaboration usually occurs when partners complement each other so that one's weakness is another's strength.
• If you decide a partner is a good idea, make certain each of you has a clear, written understanding of your responsibilities, rights as well as an exit strategy.