TMBA 391: Breaking Up is Hard to Do
Podcast 43:29 | Download | Stitcher | iTunes | Comment
Just over a year ago, Dan and Ian profiled a productized bookkeeping business called the Bean Ninjas.
A lot has happened since that episode aired. In particular, the founders of that company, Ben McAdam and Meryl Johnson, have decided to part ways.
This episode is an exploration of what happens when a business partnership ends. You will hear the reasons why Ben and Meryl decided to break up, and how they were able to reach a mutual understanding about buying each other out.
Listen to this week's show and learn:
How both Ben and Meryl knew that they were starting to have some issues. (4:32)
Why it's important to separate ownership from your role in the business. (9:17)
How they went through the initial decision to dissolve their partnership. (19:10)
What the negotiation process looked like. (28:21)
How the business has changed since the buyout. (38:29)
Mentioned in the episode:
TMBA Masterminds
Sponsor the TMBA Podcast
The Dynamite Circle
The DC Podcast
TMBA 307: The One Where a Business Starts on the Show
Growth Ninja
Bean Ninjas
Xero
MCJ Consulting
Ben McAdam
Trello
Skype
Dan Norris
WP Curve
This week's sponsor:
A big thanks to Growth Ninja - this episode's sponsor.
Are you looking for a reliable and hands-off way to scale your company's revenue?
Growth Ninja is an industry proven Facebook ad service that can explode your sales funnel.
Enjoyed this podcast? Check out these:
TMBA 311: Productized Part II : "Putting Yourself Out There Can Hurt"
TMBA 321: Productized #3 - An Expert's Advice
TMBA 331: Productized #4 - The Evolution of a Business Idea
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HAVE COMMENTS ABOUT THE SHOW?
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Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.
Cheers,
Dan & Ian