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The speaker emphasizes the importance of partnerships in business and shares insights from recent experiences with two students. Both students encountered challenges with their partners—one being another member from an owner forum and the other met at a guru's boot camp. They were attempting to collaborate on deals but faced uncertainties. The speaker underscores the significance of having written agreements and understanding partner relationships. By asking basic probing questions, such as the nature of their connections and whether any formal agreements exist, the speaker encourages entrepreneurs to safeguard their interests when entering partnerships.