The decision to go into business with another person is
a HUGE one. Mainly because there is so much you must consider when
it comes to bringing on a business partner.
When I hear other entrepreneurs talk about business
partners, they usually recommend staying solo–and to be honest, I
don’t blame them. Being a solo-preneur is just easier in a lot of
My own experience at Evolved Finance, however, has
shown me just how powerful a business partnership can be. We can
rely on each other in a way that really lets us work to our
strengths and shore up each other’s weaknesses.
That being said, I do think it’s super important to
know exactly what you’re getting into when you go into business
with someone else. There’s a lot more to it than just splitting the
revenues, so it’s important to get a handle on how everything
That’s why in this episode, we discuss:
Why you need rock solid financial tracking if you have
a business partner.
Why partners need to have complimentary personalities
and skills to succeed.
Why revenue goals need to be bigger for businesses with
What most people overlook about a business
Why it’s important to understand the difference between
“equal income” vs “equal owner benefit.”
How your taxes can get trickier with two business
Why Parker and Corey’s partnership has worked so well
for Evolved Finance.
About the Podcast
Bookkeeping and business education company dedicated to helping online entrepreneurs create profitable and healthy businesses.