Legally Enlightened With Lisa Fraley

EP54: 5 Questions to Ask Before Working with a Business Partner

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Synopsis

There are so many reasons to work with a partner. It can be AMAZING working with your best friend or a colleague who you respect and admire, but it can be a sticky situation if one of you gets an itch to expand and you both aren’t on the same page. I know it’s not enjoyable to think about splitting up when you’re excited to work with someone else but trust me, you want to get clear about this part up front. Often a biz relationship is like a dating relationship – or even a marriage. You need strong and clear communication skills, the ability to have difficult conversations, and the desire to give each other the benefit of the doubt and work together for the good of whatever it is you’re creating. To make sure you’re forming the right business structure and relationship, there are 5 questions you definitely want to consider before working with a business partner around key areas of your business like finances, operations, and more.   In this episode Lisa shares: The 3 P’s of Business Relationships What you ne