2329: Rules For Business Partnerships

This podcast, as the title would suggest, is all about business partnerships… and more specifically, how to avoid having them go bad… and making sure you have contingency plans in place in case they do. Rich has been in two formal partnerships in his career--both of them turned out badly. Really badly. And he learned a lot of hard lessons that you're going to benefit from today. Along the way, he also witnessed other companies with bad partnership situations--some were handled well, others, horrifically bad. In fact, he's going to tell you the story of 4 siblings who owned a business together… that ripped the family apart… because they didn't have a good handle on the very rules that they ended up helping Rich learn.