TMBA 442: 'Til Death Do Us Part? Business Relationships

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Dan and Ian love receiving messages and questions from listeners of this show.

A few weeks back, one listener reached out to ask about what the ownership structure of a business partnership should look like.

This is a critically important issue for many entrepreneurs, and it's an incredibly complicated one to boot. Dan and Ian are business partners themselves, but they have seen many other partnerships evolve and dissolve over the years.

On today's show, we are talking about five partnership styles that we've personally witnessed over the years, how they can affect your business, and how you can find the right business partner.

Listen to this week's show and learn:

  • The pros and cons of the "Marriage Model" of partnership. (6:57)

  • What a "Workhorse" relationship looks like. (12:37)

  • How entrepreneurs can develop a "Parent/Child Relationship". (17:31)

  • The risks of partnering with "Fairweather Friends". (22:58)

  • Some strategies for finding your ideal business partner. (27:06)

Mentioned in the episode:

Before the Exit - Our New Book
TMBA Masterminds
Sponsor the TMBA Podcast
The Dynamite Circle
The DC Podcast
Help Us Choose a New Name for the TropicalMBA Podcast
DC BKK
Dynamite Jobs
Y Combinator

This week's sponsor:

This week's episode is brought to you by Weebly.

Don't let the lack of a big budget or technology skills get in the way of having not only a beautiful website, but a powerful one. If you've got a product idea and you want to share it with the world, check out Weebly.com.

As a special offer to listeners of this show, you can visit Weebly.com/TMBA to get 15% off your first purchase.

Enjoyed this podcast? Check out these:

TMBA 391: Breaking Up is Hard to Do
TMBA 419: You Are Who You Meet
TMBA 441: The Entrepreneurial Script

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HAVE COMMENTS ABOUT THE SHOW?

Do you have ideas for things you'd like Dan and Ian to discuss on future episodes?

Our producer Jane would love to hear from you at jane@tropicalmba.com or leave us a voice message using the record button below.

Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian

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TMBA 443: The Knowledge Gap vs. The Efficiency Gap Revisited

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TMBA 441: The Entrepreneurial Script