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Small business owners want partnerships, but few seek them out

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Many small business owners throughout the United States have found that teaming up with another local small firm can be mutually beneficial to both entities. According to recent research from The UPS Store franchise network, 75 percent of respondents believe support from a business resource it vital to their success.

However, there aren't as many small business owners seeking out that support as those who want it. The survey found 52 percent of small business owners have formed partnerships with other small business owners.

“Every small business owner faces his or her own unique set of daily challenges,” said Stuart Mathis, president of The UPS Store franchise network. “Our network is made up of franchisees who serve as a local resource for small business owners across the country.”

Local small business owners need to more proactive in seeking out partnerships, with the survey showing 46 percent want to team up with a local resource.

While partnerships can benefit a small business, it is important for entrepreneurs to invest in small business insurance policies to help them deal with potential problems they can encounter as a result of these agreements.

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