Taking on the partner would be the best thing that could affect you along with business.or are! Forming a partnership is akin to getting married--the partnership should really last for the lifetime among the business. Divorcing a business partner could be more traumatic than divorcing a spouse, and within fast-paced, highly chaotic regarding business, romantic relationship between a couple can have a lower statistical probability of succeeding than today's marriage/divorce statistic.
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All manufacturing, distribution or retail sales require good personal sales skills. Prone how to sell a business are poor at communication skills or English is a second language, consider purchasing a liquor store, gas station or hamburger stand, just some of the companies that do not require, personal selling, or do these individuals?
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Being stubborn and retaining losses when they are incredibly small and reasonable is often a big mistake. Most could possibly get out cheaply, but because those are human, emotions take control. You don't want to have a loss, so you wait and you hope, until your loss gets so large it cost you dearly. This is by far the number one mistake most investors make