TMBA391: Breaking Up is Hard to Do

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.

Enjoyed this podcast? Check out these:

Listening options:

Subscribe via iTunes.
Listen on Stitcher Radio.
Android users can grab our RSS feed here.
Right-click and “save file as” for direct download.
Or click here to get sent to the top of the page where the on-site player is.
Have comments about the show, or ideas for things you’d like Dan and Ian to discuss on future episodes? Our producer Jane would love to hear from you at [email protected]

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