In this episode, Sam and Kate delve into the sensitive and often tricky topic of business partnership failures. Globally, around 70% of business partnerships end up dissolving. In a candid and honest conversation, Kate and Sam explore the challenges that arise in business collaborations, acknowledging that while “failure” is possibly an unfair term (because often our biggest learnings come through these experiences), many partnerships naturally come to an end or evolve over time. 

Sam and Kate offer insights based on their personal experiences and those of their clients, sharing that while business failure can feel discouraging, it often leads to valuable personal growth and important lessons. The pair discuss the key reasons behind these failures, and what you can do to prepare yourself when entering a business partnership. You’ll walk away with actionable insights to navigate the complexities of business partnerships.

Key Takeaways:

• The Reality of Business Partnership Failures: Sam and Kate discuss their personal experiences with business partnerships, both successful and unsuccessful, and explore the common reasons why partnerships fail.
• Learning Through Partnership Failures: The hosts reflect on the personal growth that comes from business partnerships, emphasising how working alongside a partner can accelerate learning and self-awareness.
• Key Reasons Why Partnerships Fail: And what you can do to prepare yourself if considering entering a partnership.
  
  

This episode offers valuable perspective for entrepreneurs navigating or considering business partnerships, emphasising that failure isn’t the end but often the beginning of valuable learning. 

Thanks for tuning in! 

Connect with the Hosts:

Kate De Jong, PhD | Inspired Business

Website: https://katedejong.com/

Instagram: katedejong.inspiredbusiness

Email: kate@katedejong.com

Sam Morris | Digital Systers

Website: https://www.digitalsysters.com/

Instagram: sammorris.businesscoach