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7 Steps to Vet Any Business Partner + Defining Roles & Boundaries
Thinking about bringing on a business partner, or already working with your spouse and wondering how to keep both the business and the relationship healthy? In this episode, we pull back the curtain on our own 25+ year marriage and 17+ years as business partners to share what actually makes a partnership work in real life. We talk about how we’ve learned to set boundaries, define roles, and stay in our lanes so we’re not stepping on each other’s toes or redoing the same work. Then we walk you through Madeline’s 7-part framework for vetting any partner, from equity partners to investors, collaborators, vendors, and even “friends” who want you to back their next big idea. This conversation will give you a roadmap to choose aligned partners and build trust-centered businesses on purpose.
Highlights
00:00 Why “we should partner” is one of the most dangerous phrases in entrepreneurship.
02:00 How we’ve built a long-term marriage + business partnership without losing ourselves.
04:00 Boundaries that keep us sane: four-day workweeks, 5pm cutoffs, and switching from work mode to “us” mode.
06:00 Visionary vs. Integrator: how knowing your role (and staying in your lane) changes everything.
09:00 Avoiding partnership friction with clear roles, responsibilities, and decision-making authority.
11:00 Do you actually need a partner, or is there a better solution for your business right now?
13:00 Madeline’s 7-part partner vetting framework.
16:00 Why background checks, FICO scores, and financial health matter when you share risk and resources.
18:00 Red flags to run from, hard lessons we’ve learned, and how to apply this framework to vendors, contractors, and collaborations too.
Resources
Stop guessing if you’re ready to scale - take the assessment!
Schedule Your Free Strategy Call with Trustedpreneurs HERE
Get 5 Key Strategies to Balance High Impact Leadership & Personal Fulfillment HERE
Watch on YouTube HERE
Follow
Trustedpreneurs IG: @trustedpreneurs_llc
David IG: @davidjriccitx
David on LinkedIn
Madeline IG: @themadelinericci
Madeline on LinkedIn
View all episodes
By Trustedpreneurs LLCThinking about bringing on a business partner, or already working with your spouse and wondering how to keep both the business and the relationship healthy? In this episode, we pull back the curtain on our own 25+ year marriage and 17+ years as business partners to share what actually makes a partnership work in real life. We talk about how we’ve learned to set boundaries, define roles, and stay in our lanes so we’re not stepping on each other’s toes or redoing the same work. Then we walk you through Madeline’s 7-part framework for vetting any partner, from equity partners to investors, collaborators, vendors, and even “friends” who want you to back their next big idea. This conversation will give you a roadmap to choose aligned partners and build trust-centered businesses on purpose.
Highlights
00:00 Why “we should partner” is one of the most dangerous phrases in entrepreneurship.
02:00 How we’ve built a long-term marriage + business partnership without losing ourselves.
04:00 Boundaries that keep us sane: four-day workweeks, 5pm cutoffs, and switching from work mode to “us” mode.
06:00 Visionary vs. Integrator: how knowing your role (and staying in your lane) changes everything.
09:00 Avoiding partnership friction with clear roles, responsibilities, and decision-making authority.
11:00 Do you actually need a partner, or is there a better solution for your business right now?
13:00 Madeline’s 7-part partner vetting framework.
16:00 Why background checks, FICO scores, and financial health matter when you share risk and resources.
18:00 Red flags to run from, hard lessons we’ve learned, and how to apply this framework to vendors, contractors, and collaborations too.
Resources
Stop guessing if you’re ready to scale - take the assessment!
Schedule Your Free Strategy Call with Trustedpreneurs HERE
Get 5 Key Strategies to Balance High Impact Leadership & Personal Fulfillment HERE
Watch on YouTube HERE
Follow
Trustedpreneurs IG: @trustedpreneurs_llc
David IG: @davidjriccitx
David on LinkedIn
Madeline IG: @themadelinericci
Madeline on LinkedIn