I had two partners, ok? A call em frickand frack. They all felt that i shouldn't get more salary than them. Everybody should be equal. And it came time where we needed mone from the bank. Because of our growth, our growth trajectory was like a 30, forty % growtho you need money from the bank to finance that growth. I refused to sign a guarantee, a personal guarantee, to the bank. retna was behind me, saying, i'll give a personal guarantee over my dead body. Anyway, i said, unless you agreed to sell your shares to me. So you gave away a third of the business to a partner. And this
Starting a business with your spouse can either bring you closer together or tear you apart. For Arran and Ratana Stephens, their business has lasted for nearly 40 years, and their marriage has thrived for much longer. As business partners, they seem perfectly matched: he’s the hard-charging visionary, she’s the practical, business-minded one who sometimes has to talk him out of a bad decision. But in 1985, Arran made a very smart move: seeing how organic food was starting to take off, he mixed up his first batch of Manna bread in a bathtub and started selling it, eventually expanding to national distribution. From there, he and Ratana pivoted to breakfast cereal, initially purchasing a factory that couldn’t make a single cornflake. Today, Nature’s Path sells organic cereals, tortilla chips and other snacks in more than 50 countries around the world.
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