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Marketing School - Digital Marketing and Online Marketing Tips

How To Dissolve Partnerships The Right Way, It Used To Pay To Switch Jobs, Now It Doesn't

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 26 March 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

In episode #2942, Eric Siu and Neil Patel unpack the challenges of business partnerships, reflecting on past successes and failures. They emphasize communication, intensity, and handling tough conversations, while also exploring job changes, career growth, and managing stress in work and life. TIME-STAMPED SHOW NOTES (00:00) Navigating Business Partnerships (03:01) Lessons from Failed Partnerships (05:54) Dissolving Partnerships Amicably (09:01) The Importance of Intensity in Partnerships (12:04) Job Switching vs. Career Growth (15:02) Understanding Stress in Business and Personal Life Prefer single topic episodes? Head over to our YouTube channel. To suggest a topic, go to https://www.marketingschool.io. For more content from Eric and Neil, check out Eric’s Leveling Up with Eric Siu YouTube channel and Neil’s Neil Patel YouTube channel. Connect with Us: Single Grain << Eric's ad agency NP Digital << Neil’s ad agency X @neilpatel, @ericosiu Instagram @neilpatel, @ericosiu Drop Us a Review If You Enjoyed the Episode!

Transcript

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0:00.0

I've had some bad partnerships and good partnerships.

0:04.0

One of the longest partnerships I had was with my brother-in-law, Heathen Shaw,

0:09.0

and we dissolved it in a really good way.

0:12.0

We still talk. I just talked to him this morning.

0:15.0

I'll give an example of a bad business partnership.

0:18.0

Wait, wait, wait, what, with He and real quick are you free I mean I

0:21.2

feel like you were very just generous and hey let's be done with it type of thing

0:25.4

and I think a lot of it came from you I don't know his side of the story but I

0:28.6

know you were very generous so when I ended my partnership with him with assets

0:33.8

like we had quick sprout and I first created the blog then we built into app.

0:39.5

Just so everyone knows Quick Sprout was Neil's blog before Neil Patel.com and it got a lot of traffic.

0:43.6

Uh-huh. And then we were generating revenue. I know we got it up to over $100,000 a month

0:49.9

in revenue, but we're burning that money plus more on developers.

0:55.2

And after a while, I wasn't interested in moving forward, and I just told him he could

1:00.4

have it all.

1:01.5

And that's how I ended the partnership.

1:04.9

You could look at that as very generous, but at the flip side, when I was starting off as an entrepreneur, he'd them put in

1:13.7

hundreds and thousands of dollars and actually over time in excess over a million dollars

1:18.9

of his own money into our ventures.

1:21.6

And I remember a few of them failed, and when it came time to paying back our loan providers, which were family members at the time,

1:30.7

he was excluded from the list. He never mentioned that he forgave the loans. He just removed

1:37.4

himself from the list and all the money he put in and didn't want to share the total. And we just

...

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