TBL Episode 65: Tips for a successful business partnership
Feb 10, 2020•30 min•Transcript available on Metacast Episode description
It’s probably not surprising, but most business coaches would not recommend starting your business with a business partner. Do I feel the same way? Yes and no. Yes, in that we’ve seen several business partnerships go sour due to the relationship complexities that come from running a business together. No, in that my personal experience of participating in a business partnership has been extremely positive. So much so that I can’t imagine ever starting a business without a partner. So for this episode, we discuss: - How Corey and I made the decision to go into business together
- What made our situation different than most other business partnerships
- The importance of having a shared vision and alignment
- Why having different sets of skills and strengths improves your chances of success
- How to structure your partnership so it’s fair and balanced
- Why you should talk to a lawyer or accountant when creating a business entity together
- Why communication in a business partnership is very similar to communication in a romantic relationship
