When Partnerships Go WRONG: lessons from a painful split

Alan shares his proudest moments in business, which involve seeing his employees take ownership and improve the businesses he owns. He discusses the importance of letting go of control and hiring people who are better than him in certain areas. Alan also talks about his transition from being a lawyer to running his own pest control business, highlighting the risk he took and the importance of living without regret. He shares a failure story involving a former business partner and reflects on the lessons he learned from the experience. Allan reflects on his experiences with failed business partnerships and the lessons he has learned. He emphasizes the importance of understanding the perspective of your partners and being willing to compromise. Allan also discusses the qualities he looks for in potential business partners, including resilience and the ability to bounce back from failure. He encourages listeners to embrace failure as a learning opportunity and to view it as a stepping stone to success. Allan concludes by sharing his contact information for those who want to connect with him.

Key Topics

Proudest moments in business involve seeing employees take ownership and improve the business
Letting go of control and hiring people who are better than you is essential for scaling a business
Taking risks and living without regret can lead to personal and professional growth
Failure in business partnerships can be emotionally challenging, but it's important to learn from the experience
Understanding the perspective of your business partners is crucial for a successful partnership.
Compromise and choose your battles wisely in business partnerships.
Look for partners who are resilient and can bounce back from failure.
Embrace failure as a learning opportunity and a stepping stone to success.
Connect with Allan on social media or through his website for business discussions and advice.
Books mentioned: Good to Great, The Top Five Regrets of the Dying

Sound Bites

"My rule of thumb, and I've heard this from author Dan Martell, is that 80% done by somebody else is better than 100% done by you."
"Failure is experience."
On Elon Musk: "There's a lot of things I don't envy about him. He lives a really tough life, but just a true entrepreneur, true visionary. This guy literally shoots for the stars and doesn't take no for an answer."

Chapters