Welcome to Episode 6 of The Kings Table Podcast, a captivating new show hosted by Ashish, Mike, Aaron, and Matt. Join us for an unfiltered, authentic experience as we gather weekly to delve into the raw discussions that drive our lives, businesses, economics, and the world.
Meet the hosts:
1. Mike (The Sage) Ayala is an accomplished investor, speaker, and podcast host, who stands at the helm of Investing for Freedom, guiding busy professionals and entrepreneurs toward the path of genuine liberation and optimal living.
2. Ashish (Hostess with the Most-est) Nathu is a founder and CEO, entrepreneur, real estate investor, triathlete, and host of the Rich Equation Podcast.
3. Matt (Hero of Hospitality) Aitchison is a distinguished real estate investor, captivating speaker, and committed philanthropist.
4. Aaron (The Trend Spotter) Amuchastegui is a seasoned real estate virtuoso with a remarkable track record of over 1,000 house transactions, predominantly acquired through astute foreclosure purchases at courthouse auctions.
In this episode, we explore the intricate world of business partnerships and the crucial decisions surrounding them. We share valuable lessons on how to evaluate if a partnership is the right fit, increase the odds of partnership success, and recognize the signs that indicate a partnership may not be the best path. We also talk about the triggers and forks in the road that can lead to business partnership problems and how to stay aware to make informed choices. Pivoting your business is a strategic decision, and we discuss the right timing for it. Learn when it’s appropriate to pivot and when patience is key. Finally, we unravel the complexities of walking away from a deal. Gain insights into recognizing the signs that it’s the right time to move on.
01:16 – What are the lessons people should take to either decide if the partnership is good for them, increase the odds of partnership and when do you know when you shouldn’t be in a partnership.
18:20 – Triggers or forks on the road to make you aware and avoid business partnership problems, so you have a choice to continue or separate
22:06 – Creating structured business partnerships
34:51 – When is it appropriate to pivot your business and when you should wait
59:38 – When to know it is a good time to walk away from a deal
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