Differences in personal aims and objectives for the firm.
Different views on personal rewards versus investment in the business.
Business owners have different views about their own future which may not be compatible and co-founders may differ in how they see the future of the firm; some may have ambitions for the business want to build an empire, some may want a quieter life and prefer to look into an exit strategy.
Decision making can be slower as you have to win consensus.
Collaboration can mean that there is loss of spontaneity.
There can be distraction and there are costs involved of handling conflict between co-owners.
There may be resentment when reward is not seen as fairly matched by effort.
For more information on forming a partnership, click here.