Business Partnerships: What 9 Years of Good and Bad Deals Taught Me | Solo Podcast

I have made just about every business partnership mistake there is. Some of my partners became people I now call family. Others cost me hundreds of thousands of dollars and a lawsuit I am still cleaning up. In this solo episode I break down everything nine and a half years of both taught me. I walk through how I structure the deal end to end: how I split equity, how I vet who I let in, active versus money partners, partnering with friends and family, and how to catch a partnership that is drifting before it ends up in court. The thread through all of it, and I say it flat out at the end, is that almost every problem traces back to roles. Clear roles, in writing, with people who give as much as they take. CHAPTERS 0:00 Why I'm doing a whole episode on partnerships 2:24 Every partnership problem traces back to one thing 3:37 The 3 things a partner must bring: time, money, or experience 6:23 The principle that keeps a partnership from breaking 10:15 Define the roles before anyone does anything 12:36 The deal I did with no contract, and what it cost me 13:02 How to structure equity splits fairly 15:00 Why aligned goals matter more than the money 21:40 The partner who wanted 70 percent, and why I walked 26:53 The partnership that turned into a lawsuit 31:16 The red flags I ignored 38:05 What to actually put in your contract 42:49 The clauses that protect everyone 45:02 Why I always pay my investors back 47:12 It all comes back to roles Join my community: https://www.skool.com/the-airbnb-blueprint-rafaloza/about Follow me on Instagram: @itsrafaloza The Big Break Show drops new episodes every week. Follow the show so you never miss one.