IndianaVeterans.Biz

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  • Mission
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  • Health & Wellness
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  • Micro
    • Micro Business
    • Micro Knowledge
  • CONTACT US
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  • More
    • Home
    • Mission
    • Certification
    • Education
    • Health & Wellness
    • Finance
    • Micro
      • Micro Business
      • Micro Knowledge
    • CONTACT US
      • Speaking Engagement
      • Partner Sponsor

IndianaVeterans.Biz

IndianaVeterans.BizIndianaVeterans.BizIndianaVeterans.Biz
  • Home
  • Mission
  • Certification
  • Education
  • Health & Wellness
  • Finance
  • Micro
    • Micro Business
    • Micro Knowledge
  • CONTACT US
    • Speaking Engagement
    • Partner Sponsor

MICRO KNOWLEDGE

Partnership

A business partnership can be defined as the relationship between 2 people to conduct trade or business. Each person contributes money, labor, and shares in the revenue of the business and any losses incurred. Advantage of a partnership can be that what on business partner is weaker in the other business partner is stronger in. The disadvantages can be partners have a different view on the direction of the business and where revenue should be spent.

Key Take Aways:

  1. The relationship between two or more people to conduct trade or business.
  2. One partner being stronger than the other partner is a key advantage to business partnership.
  3. Disagreements on the direction of the business can be disadvantage of a business partnership.



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