Keys to a Terrible Business Partnership | Ep 657

“An unreliable partner, creates an unreliable relationship, which creates an unreliable business.” Today, Alex (@AlexHormozi) emphasizes the importance of distinctive skill sets, complementary experiences, and aligned values for a prosperous partnership. He addresses common mistakes made during the forming of partnerships, like lacking clear expectations or written agreements, disproportionate effort or shared equity, and misaligned goals.

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.

Timestamps:

(0:35) - The Art of Inverted Thinking

(1:27) - #1-5: Knowledge, time, and money imbalances, no agreements

(5:36) - #6-10: Give away everything, misaligned mission, value, vision

(7:56) - Having resources you don’t have & expectation agreements

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(This episode is a re-run. Original airdate was August 23, 2022)