EP 129 | A Partnership for your Design Business with Smith and Ragsdale – Part 2
September 9, 2019
About this Episode
If you’re a solopreneur, chances are you’ve fantasized about finding a partner who would take on all the challenges of running a business. For these lucky pairs, the fantasy became a reality. In part two of this two part series, we talk to Abby Smith and Abbey Ragsdale about how they make it work and what you should consider before you take a partner.
In this episode we learn:
- things to avoid when choosing a partner
- prepare a business plan (partners and solo-preneurs)
- a partnership creates natural accountability
- choose a partner with a skillset that differs from your own
- consider a test run, where you collaborate on a project before officially becoming partners
- discuss all the contentious issues up front—salary needs and expectations, time off allotments, style of compromise, etc.
Abby: Remember that the whole is greater than the sum of its parts.
Abbey: Listen fully to understand what your partner is saying to you.
Legal Disclosure | This podcast is for educational purposes only and should not be used for any legal decisions. Kimberley Seldon Design Group, Kimberley Seldon Productions Inc., Kimberley Seldon Design and Media, Inc., Business of Design™, or any of its affiliated companies or staff is not responsible for any errors or omissions effecting accuracy in any content, and they will not be held liable for the use or misuse of information, facts, details or any other aspects should there arise any defects, errors, omissions or perhaps inaccuracies. Extensive research has been conducted to put this podcast together for the purpose of educating our industry in order to better serve the public. Care has been taken to acknowledge ownership of copyrighted material. The advice and strategies contained herein may not be suitable for every situation. This work is offered with the understanding that we do not render any legal, accounting or other professional advice. Seek the advice of a lawyer and/or other competent professional person in all matters of law. Further, listeners should be aware that internet websites mentioned may change or disappear between when this was recorded and when it was listened to.