“I don’t think you can go eight hours a day with something, whatever it is (with me, it’s a company), you can’t do that unless you’re in love, unless you have a passion, because it doesn’t give you back all that much at times, at times it gives you a lot of pain, a lot of heartaches.” Joe Foster, Founder of Reebok.
You’ve come to the right place if you’re looking for advice on Working With Investors and Partners. We’re sharing this awesome interview with Marcus Lemonis to close out our ‘power month’ with Business Titans. Lemonis says, if you’re going to partner with someone, make sure they bring capital, expertise, or contacts -and he considers money to be the least important! Listen to find out why he says to never do a 50/50 Deal. “Either be the minority holder because you trust the other person to take the lead and believe in them, or be the majority holder who drives the business.” Marcus Lemonis