Per Diem Podcast
Jump in the front seat as the host Keaton Turner takes you on a daily ride through his life as if you were sitting right there in the action with him. The Per Diem Podcast is a daily dialogue of the good, the bad, and the ugly of building a business.
Burning the Ships: Navigating Business Failure, New Ventures, and Supportive Partnerships
In this episode, Thomas Steele shares a voice memo with book recommendations and reflects on the podcast's impact. He discusses the decision to close his business and its personal effects while starting a new LLC. Keaton Turner offers advice on balancing marriage and entrepreneurship, exploring creative job security solutions, equity offerings, and choosing the right business partners. They discuss cash flow challenges in construction and the importance of a supportive life partner. The episode concludes with listener stories and a shoutout for the hundredth review.
Key Points
- Transparency and open communication with your spouse are crucial when navigating the challenges of starting and running a business. Balancing a full-time job and a side hustle can be incredibly difficult and often leads to underperformance in both areas. Finding a supportive business partner, potentially within your current job, can provide the necessary resources and stability to transition fully into your entrepreneurial venture.
Chapters
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Transcript
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