Summary: About 70% to 80% of business partnerships fail within five years. Tanya Rapacz, owner of the consulting firm The Partnership Resource, knows why firsthand. The former financial adviser saw the merger of her own firm with another fall apart after just two years because the partners weren’t compatible.
 Whether buying, selling or merging an advisory firm, it’s important to ensure all interested parties are fully on board with the plan.“That’s important because 62% of failed partnerships didn’t last because the partners didn’t have the same goals.”Tanya Rapacz, The Partnership Resource |
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