In today's episode, Shannon dives deep into the dynamics of managing a business partnership. Drawing from extensive experience, Shannon discusses the critical aspects of forming and maintaining a successful partnership—from the importance of identifying the strengths and weaknesses of each partner to setting clear expectations and crafting a solid partnership agreement. Shannon highlights that, much like a marriage, a business partnership is a serious commitment that requires careful planning and communication. Whether your partner is a friend, family member, or someone new, these strategies will help ensure an effective and enjoyable business partnership. 

 

What you'll hear in this episode:

01:22 Complementary strengths create powerful business partnerships.

04:42 Set clear expectations and identify partnership roles.

 

If you like this episode, check out:

Start with This Financial Metric (Financial Priority Formula Part 1)

What Are the 3 Things You Need to Know Before Buying a Business?

You Don't Actually NEED An Accountant

 

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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.