This content was created by Mike Andes. This content was uploaded by Mike Andes. This is a YouTube video titled "How to Plan for the End of a Partnership ✅" created on November 23, 2025. It features Mike Andes discussing strategies for setting clear expectations in business partnerships, including valuation and exit strategies.
I think partnerships work really well if you just from the get go have very clear expectations as to how this partnership will end. Last thing is a new partnership agreement between the two of you. We all know how it will end. It's like we will have valuations, we will exactly know how much the business is worth, we will know how much we need to pay each other out, we will know discount. So for example, if I can sell the business for 300,000, I usually bake in like a 30% discount to my partner. Gotcha. So that way it's like I'm going to give them a deal and everyone will feel good. But I signed on that when I left. And if you want to bounce, there's a discount too. Yeah, it's a good idea. Talk to ChatGPT. We want you to pretend like you're an attorney or creating a partnership. Don't give us an answer until you've asked us all the questions you can possibly think of.
