Can dynamic equity help save failed founder partnerships? In this episode Brad and Nate discuss the good, bad, and ugly of the slicing pie framework and reality of partnerships when grinding out a new startup over many years. You'll hear how they navigated their own early partnership tension, examples of other businesses that have ended too early, and tips that you can apply to your own partnership.

Timestamps:

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Links:

Learn more about Brad Redding / Connect on LinkedIn and Instagram

Connect with Nate Winkler on Instagram

In this episode, we cover everything from the pitfalls of working late nights at the expense of quality and health, to the importance of making strategic, rather than emotional, business decisions. You'll hear stories about the value of forecasting, prioritizing mental health and discipline, and the significance of aligning yourself with mentors who are a few steps ahead of you on the ladder of success.

We also discuss the impact of hiring decisions, the vitality of maintaining a humble mindset, and the crucial role that supportive spouses play in an entrepreneur's life. This episode is packed with hard-earned wisdom and practical advice to help you navigate the turbulent waters of building a business.

Timestamps:

(00:00) Late nights will impact quality
(04:36) Analyze seasonality, control expenses, and realistic growth.
(09:51) 75 hard learning lessons
(12:05) Nice office doesn't mean great productivity
(15:43) Remind to check ego, embrace humility daily.
(18:58) Fear and hesitation lead to missed opportunities.
(21:26) Spouses -- what sacrifices they make as well

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Links:

Learn more about Brad Redding / Connect on LinkedIn and Instagram

Connect with Nate Winkler on Instagram

Brad and Nate share insights on planning backwards from a perfect exit, discussing key metrics that can make or break a deal, building the right team, and the pros and cons of VC funding vs. bootstrapping. You'll also hear intimate details about the journey of fostering a healthy partnership, discovering reasons for exit planning, and the challenges faced when bootstrapping.

Timestamps:

(04:37) Bootstrapping limited income, challenges attracting talent.

(09:04) VC funding doesn't guarantee success, nor bootstrapping.

(12:17) Exploring reasons for business exit and planning.

(13:36) Take time to relax and clear mind.

(18:23) Align team goals with their personal aspirations.

(22:03) Learning the value of structured board meetings.

(29:08) Serve your team

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Links:

Learn more about Brad Redding / Connect on LinkedIn and Instagram

Connect with Nate Winkler on Instagram