{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"#161: 10 Questions to Ask Before Going into Business Together","description":"In this episode I\u2019m setting out some preliminary discussion points for co-creating or co-founding a business venture with someone.&amp;nbsp; Keep these in your back pocket to examine new ventures and discuss with a potential co-creator.&amp;nbsp; Better yet - send them this episode and discuss after!&amp;nbsp; &amp;nbsp; I go over:&amp;nbsp;   Co-founder first dates   Venture relationship examples (co-founder, investment based, co-operator and and more)   Why I don\u2019t believe in 50\/50 ownership&amp;nbsp;   Focusing on willingness to collaborate vs 100% agreement   Planning for the end at the beginning and\u2026   &amp;nbsp; 10 Questions to Ask Before Going into Business Together:&amp;nbsp;   What is my vision for this venture?&amp;nbsp;   What is their vision for this venture?&amp;nbsp;   Would I still want to work on this if it took twice as long and cost twice as much as expected to reach v1?&amp;nbsp;   Is this business model sound and do we both understand it &amp; know how to work it?   What is the exit strategy?&amp;nbsp;   How well do we lead together?&amp;nbsp;   What are our expectations for time and resources given on a weekly basis?&amp;nbsp;   What is the break up plan?   Is this a relationship I\u2019m willing to lose if things go south?&amp;nbsp;   Would I trust this person to make sound business decisions on my behalf?&amp;nbsp;   &amp;nbsp; __ This podcast is brought to you by One year from Now: The Residency. The residency is a coaching container that blends custom-to-you strategy, one on one coaching and small-group experiences to help high-impact, high-profit entrepreneurs implement their one year from now visions over a 12-month term.&amp;nbsp; You can find more podcast episodes, begin working with me through The Residency or download my free One Year from now vision workbook all at oyfn.co &amp;nbsp;Listen to to this episode on your favorite podcast player (Apple Podcasts, Spotify, you get it) or on on my website:  oyfn.co\/podcast &amp;nbsp; ","author_name":"One Year From Now","author_url":"https:\/\/www.oyfn.co\/podcast","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/25987080\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/ffd104\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/25987080"}