Once again, TeamEXtension CEO, Bienvenido David III has been interviewed by infoworld.com about the company’s strategy on speeding up the progress of handling critical IT projects. On the March 21st post entitled, “Quick and easy IT productivity wins” by Dan Tynan, he shared his winning tactic on using Harvest Co-op to monitor everyone’s activity in real time.

This is under “IT productivity win No. 7: Get social” topic.

Bienvenido David III, CEO at Java development company TeamEXtension, uses Harvest Co-op, a Twitter-like tool that allows his team to track in real time what anyone is doing at any time.

“We use it more for keeping track of resources instead of keeping track of projects or tasks,” he says. “If someone is working on something that’s not planned and might affect a project — like side requests from bosses, miscommunicated tasks, or work delays — we catch that immediately. We all think about our day before we start, then enter our agenda into Co-Op for that day. This extra communication channel helps get everyone in sync and improves our productivity.”

Read the rest of Quick and easy IT productivity wins entry.

Partnership in business is a type of business in which partners share the profits and losses of their business. Most partnerships are for corporations due to taxation purposes. There are a lot of benefits and also disadvantages of having business partners. Having a good and right business partner have a lot of advantages. That is why you have to look for a right partner so that both of you could work together.

Here are some of the advantages in having a partner in business:

-You can be in two places at the same time.
-There will be a division of labor and more resources.
-Few task and less responsibilities since there will be a division of responsibilities.
-There will be an additional benefits and more financial background.
-Easy in business administration and sharing of task.
-There will be more financial benefits.
-More knowledge, skills and contacts good for your business.
-Partnerships have better administration and financial system.
-More creative brainstorms.

Disadvantages of having business partners

• There will be a problem in accounting, investing, profit sharing and resource management.
• Hard to make quick decisions due to unanimous decisions.
• There will be a lesser authority over the employees and better and has a chance of conflicts in the workplace.
  -There will more conflicts in the business management and money matters because of poor rules and responsibilities.
  -Need to be more flexible with your partner.

Overall having a partner in your business needs a proper communication, trust and good working relationship. It also requires both parties to communicate well and decide the best for your business.