Watch on YouTube
The point of a partner is to divide and conquer.
This video does not allow embedding, so you get a static preview and a link to the original.
Key takeaways
- We would like to be at $10 million.
- >> have any equity in this business?
- >> So, what stops you from driving $2 million of revenue to your own business?
- >> I I don't really know what's stopping me.
Chapters
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00South pest control. We do around 30,000 this year. This is in our first year. We would like to be at $10 million. All right. I'm 18 working at doing partnership with my buddy who owns the pest control company. All right. Initially, I made the decision to partner with him. All right. After coming here and talking to as many people as I can, just absorbing, people are telling me that maybe it's not a good partnership.
0:24>> have any equity in this business? >> 5% of that 5% 2 million revenue. So, it's contingent on it. >> So, 5% if you bring 2 million revenue at. So, you have zero now. And he has 100% and this has $200,000 of revenue currently. >> Yeah. >> So, what stops you from driving $2 million of revenue to your own business? >> I I don't really know what's stopping me. I guess nothing. >> In order for a partnership to make sense long term, this should make sense for a partnership. They got to have money you don't have. They got to have skills you don't have. They got to have time you don't have. Or they got to have network or distribution you don't have. Money, time, experience, skill, distribution.
0:57If we're both the same, then one of us is in this.