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Partnership Plunders: Navigating the Challenges of Business Partnerships

Partnership Plunders: Navigating the Challenges of Business Partnerships

FromBig Business Mistakes


Partnership Plunders: Navigating the Challenges of Business Partnerships

FromBig Business Mistakes

ratings:
Length:
55 minutes
Released:
Mar 28, 2023
Format:
Podcast episode

Description

In this episode Brandon and Kaelin share some of the biggest pitfalls to look out for when forming or restructuring your business partnerships. Hit us up on IG! @ladyboss & @realbrandonpoulin I Can't Believe They Said That:“Someone's really got to be the leader. There can't be two generals. You ever heard of an army with two generals?“ -BP“I stayed out of your lane. You stayed out of mine.” -KP“No one will ever care about your business as much as you will.” -BP“I got more motivated away from the pain of of not reaching my potential or not seeing what I'm made of than I was the pain of going back to living a lifestyle I could not afford.” -BP Key Moments:How to operate inside and outside of the business when your business partner happens to be your spouse. (16:24)When the original reason for getting into business fades, communication saves the day. (35:56)When the business grows past people’s ability to continue to progress the business, there is no need to burn bridges. (40:26)The Mistakes:Mistake 1: Failing to take quality time to truly consider each other’s strength’s led to a lesson in establishing partnership rolls. (03:32)Mistake 2: When workload changes along with life, not communicating about rolls needing to be restructured is a hard lesson to learn. (25:58)Mistake 3: Taking the business so seriously to the point the fun disappears. (37:50)Mistake 4: Not giving enough consideration to matching the right form of compensation with the right rolls in the business. (45:02)
Released:
Mar 28, 2023
Format:
Podcast episode

Titles in the series (37)

Learn through the jaw dropping stories of the biggest business mistakes and lessons from the most successful Entrepreneurs. Bypass the glitz and glam highlight reel and get the real messy truths of what it actually takes to grow a business. Welcome to the Big Business Mistakes podcast hosted by Brandon & Kaelin Poulin. Your hosts, Brandon & Kaelin Poulin, bootstrapped their most recent company LadyBoss to over $200 Million in revenues before selling the brand at 29 & 32 years old. Brandon & Kaelin are now the Founders and Managing Partners of Enterprise CEO: The Entrepreneur's Advisory and Investment Group, changing the way founder-led companies scale. They guide and equip founder led companies to scale and operate as enterprise businesses resulting in strong teams, leveraged time, amplified reach, and multiplied profits.