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Use These 6 Tips to Leverage A Successful Business Partnership

Posted by Jim on Aug 17th, 2012 · 0 Comment

Successful Business Partnership , business partner

There’s a lot of truth to the saying that a successful business partnership is much like a marriage—two flawed human beings are joined in a committed relationship, with all of the ups and downs that are part of continual interaction with another person as you navigate life together. And, as in marriage, there are good partnerships and there are bad partnerships. Here is some trusted advice from...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Use These 6 Tips to Leverage A Successful Business Partnership

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