TAS 715: How To Structure Partners and Owners in Business? Ask Scott #225

Are you fired up and ready to attack the obstacles that stand in the way of your business’ growth? What steps are you working on to take it to the next level and move past your competitors? If you are looking for solid advice to jumpstart your weekend – you’ve come to the right place! It’s time for another session of Ask Scott here on The Amazing Seller! On this episode, you’ll hear from Scott as he shares his thought of the week, gives an update about Brand Accelerator Live, answers a question from a TAS follower like you, and much more. Have pen and paper ready – you don’t want to miss a minute of this helpful episode! 

The ripple effect

Did you catch the emotional and gripping voicemail that a TAS follower left for Scott a few weeks ago? In episode 711, Scott featured a really touching message from a TAS follower who has been significantly impacted by Scott’s insights and advice. After sharing that message on episode 711, Scott has seen a ripple effect through the TAS community. Person after person has reached out to express how much that message meant to them and reflected their experience with Scott’s material. This goes to show you that people resonate with you when you take the time to get real with them! To hear more from Scott about his take on the ripple effect, make sure to listen to this episode of The Amazing Seller!

Relationships matter

If you are considering going into a business partnership, there is one, crucial thing that you need to consider – a healthy relationship. If you have any doubts that your relationship will endure even in the most challenging times – STOP! Seriously – relationships are more important than making a buck and building a business. You don’t want to end up with a dysfunctional relationship and a failing business – you’ll get both without a healthy relationship! Tune into this episode of The Amazing Seller as Scott expands on what it takes to build a good business partnership. 

Find what works for you

If you feel like your partnership can go the distance and thrive while you build an ecommerce business together – excellent! Next comes the complicated issues of figuring out who will invest what, how you’ll divide the roles and tasks, and most importantly – the split on the profits. Unfortunately – there is no one-size-fits-all solution when it comes to organizing a business partnership. Scott encourages sellers like you to keep open lines of communication and take it one step at a time – remember – you can always make adjustments along the way. Learn more helpful insights from Scott by listening to this

OUTLINE OF THIS EPISODE OF THE AMAZING SELLER

  • [0:03] Scott’s introduction to this episode of the podcast!
  • [4:40] Thought of the week: the ripple effect.
  • [8:05] Question: What is the best way to structure a business partnership? 
  • [12:30] Do NOT move forward with a partnership if you don’t have a good relationship. 
  • [15:50] Scott explains how he began his business partnership. 
  • [22:45] It all comes down to trust. 
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