What Roles and Responsibilities Should be Defined?
The success of a general partnership often hinges on clearly defined roles and responsibilities. Here are some key areas to consider: 1. Management: Define who is responsible for managing day-to-day operations. 2. Finance: Determine who handles the financial aspects, including bookkeeping and accounting. 3. Sales and Marketing: Assign roles related to sales strategies and marketing campaigns. 4. Research and Development: Specify responsibilities for innovation and product development.