4.6 • 682 Ratings
🗓️ 11 January 2025
⏱️ 8 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.7 | So I run a realtor business with five agents and property management as well. And my attorney |
0:12.3 | approached me about potentially partnering 50-50 on it. And I'm been against that since I've got |
0:17.2 | started for many reasons. But just kind of wanted to run it by y'all |
0:21.4 | and so what y'all thought. |
0:23.1 | Give us your top couple of reasons why you didn't want to do it. |
0:27.9 | Just risky. |
0:29.1 | You never truly know who you're working with. |
0:31.3 | They could change their mind, you know, down the road or get greedy, get sick. |
0:36.2 | I mean, many different options that could cause hassles in the future. |
0:40.7 | Our rule is the only ship won't sales a partnership. |
0:44.7 | Yeah. |
0:45.4 | So I find, with the exception of medical practices and law practices, |
0:51.3 | we coach tens of thousands of small businesses through entree leadership, and we find |
0:57.5 | almost no partnerships of this type survive 10 years. They don't make it 10 years. And because of a lot of |
1:06.8 | different things that you just described, sometimes it's not negative things, even. Sometimes it's a |
1:10.2 | positive thing. But why would your attorney want to buy 50% of your business? |
1:18.4 | He's been doing law for 10 years now, and he's just kind of looking to grow another |
1:23.7 | other realm, I guess. Kind of the same way I am just kind of wanting to pick things up and do something a little different than |
1:31.0 | we've been doing. |
1:33.8 | I'm sorry, same thing. |
1:34.9 | You're wanting to do something different? |
... |
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