How is equity partnership decided between friends starting a business? The three sets of entrepreneurs had pretty much the same answer. It is decided by having open dialog and considering the strengths each partner brings to the business.
How are difficult decisions made in the business? Panelists said difficult decisions in a business involve defining success and failure of the enterprise and deciding the best time and price to sell the company for. Awais Nemat emphasized on having constant communication between the partners and deciding beforehand how the difficult situations would be dealt with. Panelists said agreeing upon the exit strategy was one of the tough decisions.
Photo shows Naeem Zafar, OPEN President.