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Tropical MBA: Entrepreneurship & Founder Lifestyle

Episode 197: TMBA 197 (LBP163) – The Bootstrapper’s Guide to Business Partnerships

Tropical MBA: Entrepreneurship & Founder Lifestyle

Dan Andrews; Ian Schoen

Digital Nomad, Business, Ecommerce, Society & Culture, Amazon, Founders, Cash Flow, Places & Travel, Founder, Business Owner, Cashflow, Management, Entrepreneurship, Million, Operator, Operations, Profits, Distributed Team

4.9527 Ratings

🗓️ 4 July 2013

⏱️ 29 minutes

🧾️ Download transcript

Summary

http://www.tropicalmba.com/bootstrappers-guide-business-partnerships/ http://www.tropicalmba.com/bootstrappers-guide-business-partnerships/ Dan and Ian are coming at you today with some insight into what could be the most costly decision you’ll make in your business careers.  Many don’t think about it in terms of cost, but in this episode, Dan and Ian will make it abundantly clear why you should, and how to look at...

Transcript

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0:00.0

Now I'm more okay with that, of course. Six years of being a full-time weirdo. I've come to terms with it.

0:04.7

All right, number five. And you, sir, are a weirdo, yes.

0:11.9

Hey, podcast, listener. Even if you are alone in your entrepreneurial pursuit, know that today,

0:16.9

right now in your earbuds, you are joined by thousands of entrepreneurs all around the globe, seeking to do the same

0:23.3

thing you are.

0:24.4

If you want to know more about this program or this podcast or want to get barraged by a lot

0:29.3

of annoying pop-ups, check out our website, Lifestyle Business Podcast.com.

0:40.1

Yeah, buddy, happy Thursday morning.

0:41.8

It's the lifestyle business podcast.

0:43.6

This is the show where we believe building the business is the best way to create more personal freedom and opportunity in your life.

0:49.9

Today I'm joined by my captain, my co-host, a man so obsessed with business that if you asked him if he likes the wire, he'd say he's happy it went through on time.

1:00.7

That's pretty good.

1:02.0

Actually, I haven't watched too many episodes of The Wire, Dan.

1:05.0

People tell me they're good, but I just don't know about the TVs.

1:08.6

Do you watch the TVs?

1:09.5

You know, someone sat me down literally for like a half an hour and tried to convince me to watch

1:13.5

the wire and I just sort of said the same thing. If you guys stick around to the end of the show,

1:18.6

we are going to talk about the business rocket fuel or kryptonite. We've got to talk about

1:25.1

business partnerships. We've got to have an intervention because strategic partnerships, partnerships like we've got to talk about business partnerships. We've got to have an intervention because

1:28.7

strategic partnerships, partnerships like we've got equity, you know, arrangements. They're absolutely

1:34.8

they can make or break a business. And we've got to talk about how to do them right. Right,

1:40.4

but first, let's talk about the news. I just want to take a brief moment to wish happy 4th of July to all our fellow Americans. You know, it's a big day. I feel like we invented the firework. I'll have the Wikipedia that. Well, that's, see, that's very... I know the Chinese make it, but I feel like we invented. That's very American of us. We believe that anything good we've invented. It's sort of like,

...

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