What are the three critical success factors that can make or break a business partnership?


Quick Answer

There is no single reason a business partnership succeeds or fails, but there are certain factors that can make or break a business partnership. Here are three critical ones.

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Full Answer

First, an individual must remember a partnership is just that, an agreement between two people that benefits both. A business partnership that is not mutually beneficial is a partnership that is about to dissolve. Second, clear agreements ensure that each partner understands what is expected of him. A strong agreement is an excellent way to build a strong business partnership. The third and most important factor that makes or breaks a business partnership is communication. Unclear or misleading communication creates distrust between partners and interferes with the growth of the business.

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