8: Business Partnerships Tips
The How of Business - How to start, run, grow and exit a small business.
Henry Lopez, Levante Business Group
4.7 • 522 Ratings
🗓️ 9 May 2016
⏱️ 32 minutes
🧾️ Download transcript
Summary
Business partnership success & challenges...we share our experiences with partnering, why we prefer to partner, and some tips for doing so successfully.
This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com
Transcript
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| 0:00.0 | Welcome to the How of Business with David Begin and Henry Lopez, the podcast that offers practical advice and tips on how to run and grow your small business. |
| 0:10.3 | The How of Business helps aspiring entrepreneurs and small business owners achieve their definition of success and overcome challenges that get in their way. |
| 0:18.6 | This podcast series focuses on the everyday common business issues, |
| 0:22.6 | challenges, and opportunities that face the small business owner. So here now are your hosts of the |
| 0:27.8 | How of Business, David and Henry. Welcome to the Howell Business with David and Henry. Henry, |
| 0:36.4 | how are you doing today? |
| 0:37.9 | I'm doing great, and actually we are in Colorado Springs together for the first time. |
| 0:41.7 | This will be the first podcast we've done together, so it'll be a little different for us doing it face-to-face. |
| 0:46.6 | We've always done it. |
| 0:47.9 | We do it over Skype with each other, so we've got microphones, and we record it that way, but we're together today, so we'll see how the interaction goes, but we've got a and we record it that way. But we're together today. |
| 0:54.5 | So we'll see how the interaction goes. |
| 0:55.9 | But we've got a pretty exciting topic today. |
| 0:57.9 | One that one of our clients was talking about just two days ago. |
| 1:02.2 | Yeah. |
| 1:02.5 | In fact, two different clients that we spoke to this week had this question. |
| 1:06.5 | And I get this question often when I meet with clients about partnerships. |
| 1:10.8 | Do I partner? Do I not partner? What are the advantages? It's a big topic, obviously, for a lot of people. Yeah, yeah. And it's an important topic we want you to think about, especially if you're considering going into partnership with someone. The phrase that I always hear is, it's worse than a marriage. It can be better than a marriage, but it's worse than a marriage. |
| 1:28.1 | It's easier to get out of the merits than it is a partnership if it's not going well. |
| 1:32.0 | So we're going to give you some ideas, some things to think about and some tips to consider as you go into partnership. |
| 1:38.6 | But what are some examples of great partnerships over the years that you've seen? |
| 1:42.0 | Well, some of the things, some of the ones I think everybody would recognize or maybe not, |
| 1:46.9 | but David Packard and Bill Hewlett, so they came together early on. |
... |
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