A partnership is a business arrangement where two or more people share the profits and risks of a joint venture.
Shared Expertise and Knowledge
A partnership makes it possible for several people to pool their talents, expertise, etc.
Additional Resources
Through partnerships, a company can have access to more resources.
Decision-Making Support
Partners can enhance decision-making by collaborating and providing additional perspectives.
Expanded Network and Audience
Partners often bring their networks and audiences, expanding the business's reach.