TMBA 391: Breaking Up is Hard to Do

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Podcast 43:29 | Download | Stitcher | iTunes | Comment

Just over a year ago, Dan and Ian profiled a productized bookkeeping business called the Bean Ninjas.

A lot has happened since that episode aired. In particular, the founders of that company, Ben McAdam and Meryl Johnson, have decided to part ways.

This episode is an exploration of what happens when a business partnership ends. You will hear the reasons why Ben and Meryl decided to break up, and how they were able to reach a mutual understanding about buying each other out.

Transcript

Listen to this week’s show and learn:

  • How both Ben and Meryl knew that they were starting to have some issues. (4:32)
  • Why it’s important to separate ownership from your role in the business. (9:17)
  • How they went through the initial decision to dissolve their partnership. (19:10)
  • What the negotiation process looked like. (28:21)
  • How the business has changed since the buyout. (38:29)

Mentioned in the episode:

This week’s sponsor:

A big thanks to Growth Ninja – this episode’s sponsor. Are you looking for a reliable and hands-off way to scale your company’s revenue? Growth Ninja is an industry proven Facebook ad service that can explode your sales funnel.

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Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST. Cheers, Dan & Ian

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Published on 06.01.17
  • http://www.entrepreneursinmotion.com Shayna

    This was a brilliant episode; I loved hearing from both sides. Thanks Ben and Meryl for being so open with a difficult process. Wish both of you the best in your new paths!

    Production note: a little odd having Growth Ninja sponsor a Bean Ninjas episode… at first I was like “Wait what, is this another arm of their company…?” before I realized thanks to the music that it was a sponsor spot.

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