To ensure a successful partnership, entrepreneurs should:
1. Maintain Open Communication: Regularly update each other on progress and any issues. 2. Set Clear Goals: Define and agree upon common goals and objectives. 3. Foster Trust: Build a relationship based on mutual trust and respect. 4. Monitor Performance: Continuously track the partnership’s performance and make adjustments as necessary. 5. Be Prepared for Conflicts: Have a plan in place for resolving disputes.