Shanli Liu, CPA, CTPFreedomfolio · I help 7 to 8 figure service business owners and ecommerce sellers keep 10K to 75K of profit- without IRS headaches | CPA. Virtual CFO. Tax Resolution Pro | $5MM+client tax savings | Book a free 15 min strategy call

If You Wanna Start A Business With Your Partner…Consider These 3 Things

Name: If You Wanna Start A Business With Your Partner…Consider These 3 Things
Uploaded: 2022-05-31T15:15:00+00:00
Duration: 20 s
Channel: Shanli Liu, CPA, CTP
Description: In this concise advisory segment, the speaker outlines three essential factors to evaluate before launching a business with a romantic partner: (1)…

31 May 2022 · 0 min

Watch on YouTube

0:20

In this concise advisory segment, the speaker outlines three essential factors to evaluate before launching a business with a romantic partner: (1) shared core values, (2) a common mission or vision for the venture, and (3) complementary roles that leverage each partner’s strengths. The speaker emphasizes that a business partnership rooted in an existing relationship works best when the partners have already demonstrated the ability to collaborate effectively—such as by working together before marriage—because this prior experience indicates aligned values, a shared mission, and complementary skill sets, thereby increasing the likelihood of success.

If you're thinking about starting a business with your partner, I would consider these things. 1, do we have the same values? 2, do we have the same mission? 3, do we have complementary roles? In order to make a business partnership work, especially one that is starting from a relationship, you have to have all 3 of those things. I think if you set out and you start working together, then get married, you have a higher likelihood because you have already established that you work together and you have complementary skill sets.