March 8, 2016

Episode #62 // Partnering Up: Roles and Communication

Today we’re talking though some of that hard conversations that go into partnering up. This is something that we’ve had to do a lot behind the scenes here at Being Boss, so we thought we’d get really open and vulnerable about how to partner up in your business and lay out all the legal aspects, defining roles, and answering the “what-ifs.”

Nobody is a magic bullet in your business. There's no one who will come in and figure it out for you. -@andkathleen Click To Tweet 'In business you want to partner with someone you don't mind being in the trenches with.' -@andkathleen Click To Tweet 'Partnering up on something was taking it to the next level. It was like getting engaged.' -@EmilyM_Thompson Click To Tweet As creatives, you can get stuck in what it is you do and think that no one else can do it as good. -@EmilyM_Thompson Click To Tweet
"In business you want to partner with someone you don't mind being in the trenches with."
- Kathleen Shannon

TOPICS DISCUSSED IN THIS EPISODE:

  • How our partnership formed
  • Comparing working style and working ethic
  • Legal aspects of partnering up
  • Splitting profits
  • Getting lawyers
  • Defining roles within the partnership
  • Noncompete clauses
  • Taking on sponsors
  • Intellectual property
  • What happens if one of the partners wants out
  • Having hard conversations
  • Delegating the work
  • Being able to ping-pong and try your hand at what your partner does best

RESOURCES DISCUSSED IN THIS EPISODE

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Becoming business partners is like getting engaged | Emily Thompson on Being Boss Podcast
Don't leave things left unsaid in business partnerships | Kathleen Shannon on Being Boss Podcast
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