Partner dynamics and business growth
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Description
*Strong language advisory* In the latest episode of The Hustle podcast, Justin Harrison delves into the world of entrepreneurship with a new entrepreneur who has ventured into the realm of frozen food distribution. This episode is packed with valuable insights and advice on building relationships, defining work divisions, understanding leadership dynamics, and navigating the complexities of partnerships, profit sharing, and exit strategies. Questions asked on the podcast: ● How do you manage team leadership structures when everyone is partners in the company ● How to manage profit share and equity in the business? ● How do you measure success in the business and when /how to plan for the exit strategy? 00:00 Introduction to The Hustle Podcast 00:33 Navigating partnerships in business 03:25 Understanding equity and cash flow in partnerships 06:00 The Pitfalls of up-coaching in partnerships 09:14 Strategising for business success and exit plans 13:48 Final thoughts and advice for entrepreneurs
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