Ep. 25 - Considerations For Before Starting A Partnership
Are you considering starting a business with a partner? In this episode we talk about what conversations you need to have before you join forces. First, complimentary skills are vital to the success of your business. Everyone needs a role in the business, and it is important that everyone doesn’t have the same skills. Second, have an open conversation about the financial expectations and goals of the business. How are you funding the business? What are salary expectations? What are your time expectations? What roles are each partner taking on? Third, if you decide to part ways, what does that look like? Create a clear path to transition to try to avoid the ending being a blaze of glory.