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‘Mom, I Am Not Taking the LSAT’

21 Hats Podcast

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Navigating Business Partnerships and Ownership

This chapter explores the intricacies of business ownership, focusing on equity stakes and the balance between financial incentives and emotional investment in partnerships. The speakers share personal experiences and discussions on decision-making, emphasizing the importance of collective responsibility and consensus over divisiveness. Additionally, they highlight their journey towards establishing an employee ownership trust to ensure sustainability, touching on the complexities of governance and succession planning.

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