Structuring Multi-Owner Businesses for Success and Minimal Regret
For the first 12 years of my entrepreneurial career, I was the only shareholder in my business, and I didn’t fully appreciate how much that fact really streamlined decision-making, finances, and governance until I brought on shareholders. The truth is that bringing on shareholders opens up a whole new world in terms of possibilities and opportunities, but it also opens up a whole new set of considerations. So, in this episode, I’m jumping into all the things that you should be considering if you’re thinking about starting—or investing in—a multi-owner business so you don’t shoot yourself in the foot. I’ll be sharing how you can set up governance, what to think about when it comes to compensation, some of the different ways boards can be structured, and even what to consider when it comes to selling the business or its shares. You can find show notes and more information by clicking here: https://bit.ly/3BKuj4f Interested in our Private Community for 7-Figure Store Owners? Learn more here. Want to hear about new episodes and eCommerce news round-ups? Subscribe via email.