Inside Design With Kandrac & Kole
The 6 Secrets to a Successful Business Partnership
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:28:04
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Sinopsis
August 15th marks our 14th year together as Kandrac & Kole. It has been quite a journey and similar to that of a marriage and raising a child! We’ve learned and grown so much in these 14 years and even though there have been some ups and downs, seriously we are luck to say there have been very few downs, it has been a great adventure. Several business owners have shared that they wish they could find someone to share their business with and always ask us what makes it work. 1. HAVE MUTUAL RESPECT FOR EACH OTHER A. Understand the strengths and weaknesses each has B. Build each other up C. Forgive mistakes (we ALL make them) D. Appreciate each other E. Share responsibility equally 2. STRUCTURE A. A business lawyer to structure/contract B. Accounting C. Buy/Sell Agreement –A formal agreement that defines exit strategy and ownership succession plans between co-owners of a business. D. Life Insurance 3. BE FLEXIBLE A. Keep open minds B. Give and take C. Neg