TMBA442: ‘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.

Transcript

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)

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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.

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