Episode 104

full
Published on:

17th Jan 2024

Up-leveling Your Business With A Business Partner

Only you can destroy your business. 

Until you take on a business partner. 

Now the fact you read my emails leads me to suggest that you’re pretty good at NOT destroying your business. 

So, let’s focus on how you can make sure somebody else doesn’t ruin it fopr you. 

Now there are a bunch of reasons why you might bring on a business partner. 

But all of them have one thing in common. 

You NEED TO KNOW what you’re getting yourself into. 

I’m not saying things will go south. 

Especially not if you both do your due diligence. 

But I see too many successful businesses fall apart because the business owner and partner are on different planets. 

Transferring ownership is one of the things that you need to know. 

Even if you’re not looking into it right now. 

But the reason so many mergers end up going south is because few people know the risks involved. 

 

WHAT YOU’LL GAIN FROM TODAY’S PODCAST: 

  1. Learn the risks around taking on a business partner 
  2. Learn what opportunities lie with taking on a partner 
  3. Begin to plan around the business legacy 
  4. Take your business to the next level 

LINKS MENTIONED IN THIS EPISODE:

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.



This podcast uses the following third-party services for analysis:

Chartable - https://chartable.com/privacy
Show artwork for The Profitable Tradie Podcast

About the Podcast

The Profitable Tradie Podcast
How to build a profitable Plumbing, Electrical or similar business that gives you the time, money and freedom to enjoy life.
Are you the owner of a Plumbing, Electrical, or similar service business and looking to increase your profits and regain your freedom?


If you answered yes to any of the above then follow/subscribe now, this is the podcast for you!

Presented by Tony Fraser-Jones and Phil Smith from Profitable Tradie. We dive into what it takes to build a profitable trades business that gives you the time and freedom you deserve.

We touch on topics like...
- How to hire decent tradespeople.
- What to do when clients don't pay their invoice.
- How to get around people beating me down on what I charge.
- Should I buy or lease my next van/truck?
- How to get my team to get off their phones and be motivated for work.
- The second easiest way to increase your profitability.

Along with sharing a ton of free resources so you can get started on what we're discussing right away!

We also talk with some of the world's most successful trades business owners and learn how they took their businesses from mediocre to multimillion.

In short. We don't know what we don't know.

Subscribe/follow now and join the global community of Profitable Tradie

About your host

Profile picture for Tony Fraser Jones

Tony Fraser Jones