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The Bottom Line by Evolved Finance

Feb 10, 2020

It’s probably not surprising, but most business coaches would not recommend starting your business with a business partner. Do I feel the same way?

Yes and no.

Yes, in that we’ve seen several business partnerships go sour due to the relationship complexities that come from running a business together. 

No, in that my personal experience of participating in a business partnership has been extremely positive. So much so that I can’t imagine ever starting a business without a partner.

So for this episode, we discuss:

  • How Corey and I made the decision to go into business together

  • What made our situation different than most other business partnerships

  • The importance of having a shared vision and alignment

  • Why having different sets of skills and strengths improves your chances of success

  • How to structure your partnership so it’s fair and balanced

  • Why you should talk to a lawyer or accountant when creating a business entity together

  • Why communication in a business partnership is very similar to communication in a romantic relationship