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Building Better Business Partnerships: Key Strategies for Growth & Harmony

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Sinopse

In this episode of the Well-Oiled Operations™ podcast, Stacy draws upon her 20 years of entrepreneurial experience to tackle the complex subject of business partnerships. With a focus on practical advice and personal experiences, Stacy discusses the intricacies of forming, maintaining, and even exiting business partnerships.  Stacy shares her journey with past business partnerships, revealing the lessons learned and the pitfalls to avoid. She discusses the challenges that come with having too many decision-makers and the importance of complementary skill sets in a partnership.    Also in this episode: Business partnerships can sometimes introduce complexity due to conflicting ideas and challenges in decision-making. It is often better to have a single decision-maker in a business rather than a 50/50 partnership. Complementary skill sets in a business partnership can sometimes help but be aware of the potential for damaging valued relationships. Bringing on employees or hiring consultants might be a mo