Solo Business or Partnership Business?

[Muhammad Shoaib]

Solo business is quite satisfying it won't give you stress in any way, while the partnership is something you have to take care of to keep things balance always. So always go with solo even if it is hundreds of times small than your partnership business.

 

[Good-Person]

I am quite aware of the fact that there are many people who would like to start their own business because they may never want people to interfere in the business.

 

[Godspower]

I am quite aware of the fact that there are many people who would like to start their own business because they may never want people to interfere in the business.

Apart from that, many people start their own business due to financial reasons. They become sole proprietors because the have very little capital so their expansion is limited.

 

[Danny4cash]

I prefer solo to partnership for many reasons. In solo, you are the decision maker. You can implement any idea you'll believe will bring development to the company. But in partnership, if have an idea, you've to convince others before the idea can be accepted. Even in some cases, they will reject the Idea Despite know it'll positively affect the business.

 

[Good-Person]

Apart from that, many people start their own business due to financial reasons. They become sole proprietors because the have very little capital so their expansion is limited.

There have been many people who have been saving a really huge amount of money so that they could start their own business. This is a much better option rather than taking loans.

 

[Shigobad2020]

The best thing is to start a sole proprietorship business rather than patnership in business depending on the type of business you are planning to start , but If the business is huge , you need patnership in business.

 

[Chibson]

I never recommend someone to become my business partner. I had a bad experience with one of my partner. He learns everything for me and in the end he decied to break the partnership and start their own. One man busines is better than partnership

You need to understand that sole proprietorship business has its advantages and disadvantages so also is partnership business. It is always very important for you to plan ahead and if you want a business partner, the both of you need to sign an agreement. Another thing is that you didn't venture into the business with someone who you trust.

 

[Shigobad2020]

There have been many people who have been saving a really huge amount of money so that they could start their own business. This is a much better option rather than taking loans.

You need to first start saving for your business and make a decision to know if you will be handling your business alone or having to Partner with people depending on the level of the business .

 

[Godspower]

You need to first start saving for your business and make a decision to know if you will be handling your business alone or having to Partner with people depending on the level of the business .

I prefer partnership to sole proprietorship because it has many advantages. There is always cooperation and pooling of resources together to achieve a common goal in partnership.

 

[Sincerem]

I know private business is an official business but I don't know why I will be very much interested to engage in partnership business with people nowadays. It seems partnership business will always have a high possibility of succeeding than private business in most cases.

 

[Nomad]

If I can find good partners, I think I would be more interested in a partnership business rather than a solo business. When you are a solo business man you take all the risk, you do all the work, and you make all the decisions, and you need to understand you will not be always right. When you have partnership business, you have muiltiple people to discuss the business.

 

[Good-Person]

If I can find good partners, I think I would be more interested in a partnership business rather than a solo business. When you are a solo business man you take all the risk, you do all the work, and you make all the decisions, and you need to understand you will not be always right. When you have partnership business, you have muiltiple people to discuss the business.

We must understand that when it comes to partnership-based business venture, trust and co-operation is very important. Having said that, this is one of the main reasons why I think that partnership-based business is suitable for a few people only who have the ability to co-operate with others.

 

[Nomad]

There is something called a contract right? If you sign a contract state all important clauses on your contract and register your contract along with your business, I do not think there would be any problem. Well, trust is important but if you follow the industry standard practicer, I do not think there will be any problem in partnership business.

 

[Good-Person]

There is something called a contract right? If you sign a contract state all important clauses on your contract and register your contract along with your business, I do not think there would be any problem. Well, trust is important but if you follow the industry standard practicer, I do not think there will be any problem in partnership business.

Well, there are many businesses where contracts are not given that much importance. There are many business partners that form a verbal contract and they never sign a legal, written contract because they basically trust the other person and this is a very common thing.

 

[Nomad]

let's talk about business in serious terms. I do not think anyone would go into a partnership business without any written agreement. A business needs to be registered and if your business is a partnership firm, you are asked to submit the partnership document during the registration process.