These Risky Decisions Could Sink Your Business
The EntreLeadership Podcast
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Creating a Contingency Plan for a Business Partnership
In this chapter, a listener realizes the need for a contingency plan in their automotive repair business partnership. They seek advice on setting up a plan, addressing potential issues in the agreement, and the concept of a buy-sell agreement. The importance of owning the property, determining business valuation, considering disability insurance, and structuring the agreement properly is also highlighted.
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