Entrepreneurs may choose to form a partnership for several reasons:
Resource Pooling: Combining resources such as capital, skills, and technology can enhance the business's potential for success. Shared Risk: Partners share both the profits and the risks, reducing the financial burden on any single individual. Complementary Skills: Different partners bring diverse skills and expertise, which can lead to better decision-making and innovation. Networking: Partners often have different networks, which can be leveraged for business growth and opportunities.