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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