A business partnership can be one of the most rewarding ways to build something lasting and tangible by pooling skills, sharing risk, and aligning ambitions. Partnerships, however, are not without risk.

“Do you want it done fast, or do you want it done right?” This old adage suggests that efficiency and speed naturally come at a trade-off with quality – a troubling thought for anyone who has ever hoped to do something both quickly and properly.

With a potential recession knocking at the door of the American economy, managing cash flow is moving to the centre of the plate for small business founders and CEOs. Recessions inevitably cause a business’s payables to balloon, and with business credit already running tight across the US, the lack of free-flowing capital can create a big problem.