Originally posted on LinkedIn
Effective communication for everything — especially for talking about money 💸
Money is the number one reason partnerships fall apart (personal or business!!)
Lately I’ve had a lot of money conversations — with my co-founder, my wife, project allies, collaborators.
The foundation of all of it: transparency. Clear, simple accounts. What the income will be, what the expenses are, how you split or invest the difference.
Daniela Rojas touched on the topic yesterday at our Coworking Thursday. How do you get concepts and expectations aligned?
For my company. For my household. For my partnerships. For my collaborators.
I think a lot of people treat money as taboo — better to sort it out later.
I believe the opposite. Better to sort it out as early as possible and avoid misunderstandings down the road.
How do you handle it? Any framework for having hard money conversations with your partner, co-founder, or ally?
