Single Business or Business Partnership, Which is better?

[Suba]

First of all, you are going to build a business, of course you have to think about whether you will be a sole owner or a business partner. If you are the sole owner, of course you have to provide all the capital needed and you yourself have to bear the risks and all profits will be completely yours. But if you choose a business partnership, everything will be shared, including capital, risks and business profits.

 

[eLdavis]

Personally I think it depends on preference, for some sole proprietorship is better than going into a partnership business and vice versa.

 

[Fidelia]

Partnerships are better business structures if not for the unstable nature of humans nowadays. Collaborative efforts could lead to a more robust and stronger business proposition.

 

[neurosurgeon]

According to me both of them do have pros and cons however the pros of single business do not surpass its cons therefore I support a partnership because of shared responsibility financial , resources and liability but that's just my opinion.

 

[mrki444]

I would say single but with emplyers. You can't do everything by yourself. Or you can but it just last to long. In my example my projects last for over 2 years since I do everything alone.

 

[Kirubel]

It depends on the business type and the persons need, but having a business group have a lots of benefit and its more stable and have more chance of surviving than solo business.

 

[Stardom22]

For me l prefer single business. This is because l like it to have full control of the business with the fact that being my own boss is the most thing that l can enjoy in business.

 

[freelancermaria]

It depends on the person. Some people prefer to start their business on their own while others prefer to have business partners. Each has its advantages and advantages. Personally, I prefer a single proprietorship because I do not want conflicts.

 

[Starmix]

I manage my business alone. It's not a corporation that requires partnership. It's hassle free, no dictator and no eyes to keep on watching me or ears that like to entertain gossip or rumor.

 

[neku]

Some people are lucky to have loyal friends or partners who they can trust and form a partnership. Others, especially hardworking persons who have been repeatedly betrayed, will find it better to run their business alone.

 

[Starmix]

It is better to manage a business alone. It is difficult if there is a partner especially if you have different attitudes towards the business, the staff, and the customers. There will always be arguments.

 

[Nomad]

Partnership business is better because you not only have someone to bear your loss but also have access to funds to make more investments. You also have someone to assist you in your day to day business operation