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Originally Posted by dgorila1  Do you really need a partner. Are there certain areas you are weak in you can outsource (i.e. bookkeeping, etc)? My point being its always better to own a business yourself if at all possible. Makes decision making, company direction, etc much easier and allows you full control. |
You make good points, but having a partner is very different from outsourcing or having the work done by employees. A true partner is someone who cares just as much about the business as you, and puts the same amount of effort and passion into it. Plus it's probably a lot more fun to work with someone like that than by yourself.
As far as decision making and company direction, it can be decided in advance which one of you is going to have the final say in decisions. This is especially important when more than two partners are involved. There always has to be one person who gets to have the final word, otherwise it's impossible to run a business in the long term.
That said, once a company is established it's common for partners to break up and go their separate ways, where one of the partners remains in control of the company. Apple and Microsoft are good examples.