“How To Buy Out Your Business Partner (And How To Value Any Business)”
Published – 08/01/2019 6:34 pm
3 years ago I showed up to my company off site and found out my business partner was trying to kick me out of our business…
Talk about a rude awakening.
This kicked off a wild & crazy 2 months of mediation, negotiating a buyout, and ultimately buying out my business partner.
…all the while not knowing if I’d get to stay involved in the business (my baby) that I’d poured blood, sweat, and tears into building since dropping out of school.
The 2 month ride culminated in me wiring the largest sum of money I’d ever wired in my life.
And with that, I was 100% in charge of the business… a sinking ship that was bleeding cash. (that’s a story for another time)
SInce then, one of the most common questions people ask is: “How do I buy out my business partner?”