According  to an interesting article I read from Rod Toledo, a famous business blogger building up partnerships can build up and help a business to grow and reach for more success. As he stated “a successful partnership supported by good marketing can really boost your business”.

From my point of view, there a many ideas for accepting to create a partnership. Mainly the advantages offered are more finance abilities, the firm has enough money to expand. For instance, partners can replace each others if one of them is sick. Time is saved and if both partners have previous backup knowledge on Facebook would definitely help to build strategies and tactics. Also both will have the same objectives to However, partners have unlimited liability and this shows high risk. In the long run it could even lead to debts but should have an effective business plan. Furthermore, partnerships might lead to misunderstandings and disputes between partners.

Link: http://www.innovationexcellence.com/blog/2013/11/07/how-to-market-your-partnerships/

http://www.forbes.com/sites/stevenrosenbaum/2013/11/11/startups-partners-and-success/