Best Ways to Bring on a Business Partner
36m
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Freedom Blueprint Show
·
Jon, Ryan, and Gabe all have had to work with a business partner or a COO at one point or another. In fact, Ryan right now is going through the process of finding his number 2 man for his company. Your three co-hosts discuss the types of personality traits you should look for in your business partner, things to ask him/her straight away to know if they’re a good fit for your company, and even share strategies on how to split the business equity.
Key Takeaways:
- Ryan is trying to hire a business partner right now. Ryan has a love/hate relationship with having a business partner and not having a business partner.
- Jon shares how he and his business partner structure the business.
- What should you be thinking about upfront when it comes to bringing on a business partner?
- Ryan says you have to make it really clear how the day-to-day should be run. Gabe agrees, you want to make it so appealing so that it doesn’t make sense to leave the operation.
- How should you structure or talk about the business equity?
- The guys talk about their personality profiles and how it compares with their business partners.
- Sometimes the people who come up with the best ideas don’t always end up being the best people to execute those ideas.
- We all have our strengths and weaknesses.
- What personality traits should you look for in your number 2?
- How well are they as a leader?
- A good number 2 should be able to understand systems and processes but also listen to their people.
- CEOs always wanna go bigger, but they don’t notice or acknowledge all the hard work the team has put into just making it possible to make it to the halfway point.
- A COO’s job is to talk through the possibility and help make the CEO’s vision and dreams a reality.
- Have more questions? Feel free to reach out to Ryan and Gabe!
Resources:
Freedomblueprintshow.com
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