Build with Friends 003: Partnerships: Part 1
Mar 3, 2022
Explore the intricate dynamics of partnerships through both personal and professional lenses. The discussion highlights the vital roles of trust, self-awareness, and personal growth in navigating these relationships. Delve into the differences between collaborations and partnerships, with insights from real-life experiences. The importance of clear communication and mutual respect is emphasized, along with the challenges and rewards of blending friendship with business. Tune in for strategies to foster healthier, empowering partnerships built on shared values.
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Partnership Definition
- Define partnerships clearly, distinguishing between legal partnerships, collaborations, and contractor relationships.
- Avoid using the term "partnership" loosely, especially in sales or marketing contexts, to prevent confusion.
Jordan's Collaboration Experiences
- Jordan Gill shares her experience with collaborations, including a mastermind with a friend and a template shop with various contributors.
- She emphasizes the need for clear boundaries, especially concerning ownership and decision-making.
Lindsay's Partnership Journey
- Lindsay Padilla discusses her early partnership experiences, including a membership program with Emily Hirsch and ventures with her husband.
- She highlights the challenges of balancing separate businesses and personal relationships during early-stage entrepreneurship.