A short excerpt from a YouTube video (Mark Simpson, Oct 9, 2023) in which two speakers discuss business partnerships. The excerpt highlights the topic of having a business partner and asks whether defining different roles is important—framing an emphasis on role definition, shared decision-making, and partnership dynamics.
You mentioned your business partner.
And how.
Important is it to have defined different roles?
We're both co owners, we're both directors. We have interchangeable titles. You know, I have CEO, he is managing director. It doesn't mean that I'm hiring him or vice versa. They're the same. But we always said, you look after the sales, I'll look after the operation. We will make decisions together. But ultimately, when you define it into one of those, we have the final say. And if it goes wrong, there's no blame culture between us. It is what it is. We'll learn, we'll move on. And we've always stuck to that, sir.
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