163: Before you pull the trigger … partnerships vs. collaborations, it’s life or death to your future.

Live Life Rich

Ready to revolutionize the way you form partnerships and collaborations?

Marissa is diving headfirst into a deep discussion on the three critical phases of business - startup, scale-up, and exit strategy - and providing you with essential insights and traits to look out for when selecting your copilots for this journey.

This episode of Live Life Rich is packed with insights on identifying a potential partner's work ethic. Marissa also shares a roadmap for creating a Freedom Plan to help propel individuals and entrepreneurs toward their dreams.

Finally, she equips you with ten vital questions that can make or break a business partnership. These questions focus on conflict resolution, roles, goals, expectations, timelines, deadlines, and valuing contributions - aspects that can be the difference between success and failure in a partnership.

Marissa wraps up the episode with a detailed discussion on the question of who gets what, when, and how, helping you understand how payments are made and received.

Buckle up for this unmissable episode if you're geared up about growing your business and building successful partnerships!

In this episode, you will hear:

• Selecting the right people for business collaborations and focusing on three phases of business - startup, scale-up, and exit strategy

• Going beyond the norm in identifying a potential partner's work ethic and the importance of going the extra mile

• Three essential phases of business - startup, scaling, and optimization

• A roadmap for creating a Freedom Plan to help individuals and entrepreneurs toward their dreams

• Ten vital questions to ask before entering into a business partnership, focusing on conflict resolution, roles, goals, expectations, timelines, deadlines, and valuing contributions

• Having a plan in place for difficult decisions and a process for handling conflicts

• The question of who gets what, when, and how in a business partnership

• Asking all the tough questions upfront in a business partnership to ensure everyone is on the same page

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Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.