Great Small Business Ideas to Start: Complementary partnering If your product can be partnered with another, the popularity of the other product may directly affect your sales. The idea A “complementary good” is a product that is often consumed alongside another product. For example, beer is a complementary good to a soccer match, while a … Read more
Great Small Business Ideas to Start: Partnering With commercial partnerships, firms can pool resources and achieve complex goals that might otherwise have been out of their individual reach. The idea By organizing a corporate partnership it is possible to use your competitor’s resources—such as transport networks, physical structures, raw materials, knowledge, and customer reputation—to realize … Read more
Different Entities Mean Different Equity -Accounting for Partnership Equity The accounting for partnership equity is quite similar to that for a sole proprietorship, but taken one step further. Now you have more than one owner, so you have more than one capital account. All profits and losses must be divided among you and your partners … Read more
