Throwback: Avoiding Bad Partners and Finding Your Own Path | Ep 739

So I lost a lot of money, a lot of money, a lot of money, and a lot of brain power when I got in bed with a very bad partner. So I'm gonna tell you what I did and what I did wrong. So bad partners. Now I had partners before and they were good partners, we had bad partnerships. This is bad partners, so I want to be really clear about the difference.

All the partners I had before, ethical, fine people, nothing wrong with it. We had a bad structure. And so you have the person and you also have the structure of the relationship that both have to be aligned. And as a side note, if you are dealing with somebody that you like, but you can't agree on a structure, it means don't do it. And the hard part is a lot of people get to that point where they're like, well, let's just make it work.

Or you try and concede. That will be a problem later, I promise you. And so like. If you're going to be making decisions together as co-owners of a business and you can't agree on the structure, that's a great sign. And the thing is, is like, it's okay to not agree.

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