Forming a business partnership is one of the keys to building a successful entrepreneurship. Two teams working together can often generate more productive results for both groups. Here are essential insights to consider before partnering with another business.

Why a business partnership requires research

You should know a potential partner’s business reputation and financial history before entering an agreement. You can be held liable for a business partner’s actions, especially if you collaborate on manufacturing, distribution or promotion.

Silicon Valley’s startup culture has a saying: fail fast and fail often. Those startups believe you should learn how failure can be a blessing in disguise by mining the lesson in each failure for future growth and expansion.

What separates the high achievers from the also-ran? We looked to prominent figures, past and present, for their perspectives on success and how ordinary people can use those lessons in their own lives.

When you are an entrepreneur, you know the statistics: Forbes acknowledges that 80 percent of businesses fail. Financial shortcomings are a common reason for this, but there are other things you may not realize you are doing that can derail your entrepreneurial dreams.